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John Rich - Anheuser-Busch sheds roughly $5 billion in value since Bud Light’s Dylan Mulvaney pact sparked outrage - fox29.com - New York - state Tennessee - city Nashville, state Tennessee
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Anheuser-Busch sheds roughly $5 billion in value since Bud Light’s Dylan Mulvaney pact sparked outrage
Dylan Mulvaney.As of Wednesday's close, Anheuser-Busch has fallen 5.02% and lost $4.562 billion in market cap, according to Dow Jones Market Data Group.The stock was $66.73 per share on March 31 and closed at $63.38 on Wednesday. An analysis on the matter was first published in the New York Post.Mulvaney, a trans activist and social media influencer who gained prominence when given an opportunity to interview President Biden about LGBTQ issues in 2022, revealed earlier this month that the beer company sent packs of Bud Light with her face printed on the cans as part of an ad for the beer company’s March Madness contest and as a way to celebrate a full year of "girlhood."Mulvaney said the cans were her "most prized possession" on Instagram with a post featuring "#budlightpartner." A video then featured Mulvaney in a bathtub drinking a Bud Light beer as part of the campaign, but the pact was met with significant criticism.Anheuser-Busch stock plummeting comes as country music singer John Rich said he pulled cases of Bud Light from his Nashville, Tennessee, bar as part of a boycott against Anheuser-Busch; conservative rocker Kid Rock used several Bud Light cases for target practice in a viral video; and there has been widespread backlash on social media while beer distributors are concerned. Anheuser-Busch did not immediately respond to a request for comment about its stock. The company had previously stood by the decision.RELATED: Kid Rock shoots up Bud Light cans with rifle to protest Dylan Mulvaney partnership: 'F--- Bud Light'"Anheuser-Busch works with hundreds of influencers across our brands as one of many ways to authentically connect with audiences across various demographics.
Ford Edge - Kevin R.Steele - 'Targeted murder of a mother': Woman fatally shot in front of son in drive-thru lane of Cheltenham Dunkin' - fox29.com - county Montgomery - county Park - county King - county Ford - city Elkins, county Park
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'Targeted murder of a mother': Woman fatally shot in front of son in drive-thru lane of Cheltenham Dunkin'
CHELTENHAM TOWNSHIP, Pa. - A criminal investigation is underway after police say a woman was found dead outside a Dunkin' in Cheltenham Township Tuesday morning.SkyFOX was live over the scene as a heavy police presence gathered around a taped-off drive-thru.The shooting happened outside the Dunkin' on Cheltenham Avenue in the Melrose Shopping Center.According to authorities with the Montgomery County District Attorney's Office and the Cheltenham Township Police Department, the woman was identified as Rachel King, 35 of Elkins Park. Officials say officers were dispatched to the Melrose Shopping Center for a report of a shooting around 7:39 a.m., and arriving officers discovered King in the driver's seat of a black Ford Edge, dead from multiple gunshot wounds. Police say King's car came to a rest in the drive-thru lane. According to investigators, King was traveling west on Cheltenham Avenue when she turned into the shopping center and pulled into the Dunkin' drive-thru lane. Shortly after, a light-colored sedan, believed to possibly be a Ford or Mercury, was seen driving behind King's car and parked a short distance away from the drive-thru lane. A man got out of the vehicle, walked up to King's car and fired numerous shots through the driver's side window as King's 11-year-old son sat in the backseat, officials say. The child was not injured, per police. Authorities say the shooter fled the scene driving east on Cheltenham Avenue. "This appears to be a targeted murder of a mother," Montgomery County District Attorney Kevin R.
Sri Lanka’s Social Safety Net programs suffer from poor targeting – IMF - newsfirst.lk - Usa - Sri Lanka
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Sri Lanka’s Social Safety Net programs suffer from poor targeting – IMF
COLOMBO (News 1st); The International Monetary Fund on Tuesday (21) said that the Extended Fund Facility (EFF) arrangement for Sri Lanka sets a minimum spending floor by the government on the social safety net program.The International Monetary Fund (IMF) Executive Board on Monday (20) approved SDR 2.286 billion (about US dollars 3 billion) under the Extended Fund Facility (EFF) to support Sri Lanka’s economic policies and reforms.The IMF report on the EFF noted that Social Safety Net (SSN) programs in Sri Lanka are fragmented, with several implementation agencies, which has led to a lack of ownership and widespread inefficiencies in delivery of SSN programs.Masahiro Nozaki, the IMF Mission Chief for Sri Lanka said the EFF program said that Sri Lankan authorities have committed to SSN spending of Rs. 187 billion (0.6 percent of GDP) in 2023.Sri Lanka’s SSN programs monitored under the EFF-supported program comprise the Samurdhi program (largest poverty-targeted cash transfer program in Sri Lanka), as well as assistance to the elderly (over 70 years), allowance for disabled people, and financial support for kidney patients.Masahiro Nozaki highlighted that Sri Lanka's Social Safety Net program suffer from poor targeting."Right now the social safety nets cover about 40% of poorer households, that should be significantly increased and some social safety net spending is going towards relatively rich families.
Kristalina Georgieva - Julie Chung - US welcomes Sri Lanka’s IMF package; Ambassador says structural & lasting reforms are critical - newsfirst.lk - Usa - Sri Lanka - county Will
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US welcomes Sri Lanka’s IMF package; Ambassador says structural & lasting reforms are critical
COLOMBO (News 1st); The United States of America has welcomed the approval of Sri Lanka’s IMF package."Great news & an important step on the road toward economic recovery," tweeted US Ambassador to Sri Lanka Julie Chung on Monday (20).She said that the Sri Lankan government will need to continue reforms and conclude debt restructuring agreements to ensure the program – and the economy – stay on track.She noted that structural & lasting reforms that address good governance & transparency are critical to ensure all citizens of Sri Lanka can prosper.IMF Managing Director Kristalina Georgieva also noted that she was very pleased the Executive Board of the IMF had approved about $3 bn of IMF support for Sri Lanka’s economic policies & reforms. She said that it was an important milestone with International Creditors coming together to help to restore debt sustainability. "Crucial to unlock Sri Lanka's growth potential," she added.The International Monetary Fund said that it will enable an immediate disbursement equivalent to about US $ 333 million for Sri Lanka under EFF program, following Executive Board approval on Monday (20).The Executive Board of the International Monetary Fund (IMF) approved today a 48‑month extended arrangement under the Extended Fund Facility (EFF) with an amount of SDR 2.286 billion (395 percent of quota or about US$3 billion).Sri Lanka has been hit hard by a catastrophic economic and humanitarian crisis.
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