Part 2/7:
Fredericks argues that Bud Light's woes mirror a larger trend where companies, including high-profile names like Disney, Target, and Nike, have increasingly engaged in political discourse. This shift, he claims, was not merely a matter of choice but a response to pressures from the Biden administration, who, he suggests, have influenced corporate behaviors through firms such as BlackRock and Vanguard. These entities allegedly advocate for an assertive Environmental, Social, and Governance (ESG) and Diversity, Equity, and Inclusion (DEI) agenda, pushing corporations to take stances on political issues.