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Anti-woke Backlash Is Just Getting Started

Anheuser-Busch, parent company of Bud Light, lost $35 billion in market value after a backlash over the beer brand's partnership with a transgender influencer, fueling the anti-woke movement. (AP)

By Lee Barney | Tuesday, 27 August 2024 07:22 AM EDT

Confronting Bud Light and Harley-Davidson for advocating LGBT rights and challenging BlackRock for pushing environmental, social, and governance in retirement funds apparently are just the beginning.

Conservative activists say they will continue pressuring and suing Fortune 500 companies for what they claim are radical workplace, marketing, and corporate policies that have lowered profits and market capitalization by as much as 12% — not to mention stifled job opportunities for many and reduced standards of living.

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Lee Barney ✉

Lee Barney, Newsmax’s financial editor, has been a financial journalist for 30 years, covering the economy, retirement planning, investing and financial technology.

© 2026 Newsmax. All rights reserved.

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