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The big forex headache

The Bill Gates Foundation Bought 1,000,000 Shares Each Of Two Stocks In Q3 2024 And They're Both In The Same Sector - Why?


//business-finance.news-articles.net/content/202 .. 024-and-they-re-both-in-the-same-sector-why.html
Published in Business and Finance on Monday, December 2nd 2024 at 22:00 GMT by Bill Williamson   Print publication without navigation

  • Since leaving his post as Microsoft CEO in 2000, Bill Gates has become one of the world's most visible philanthropists. He does most of his charitable giving through the Bill and Melinda Gates Foundation,

The Bill & Melinda Gates Foundation Trust has recently expanded its investment in Anheuser-Busch InBev SA/NV, purchasing an additional 1.7 million shares, which increased its stake by 2.3% to a total of 1.77 million shares. This move, valued at approximately $95 million, reflects the foundation's strategy to diversify its portfolio beyond its traditional focus on technology and healthcare sectors. Anheuser-Busch InBev, known for brands like Budweiser and Stella Artois, has been facing challenges including a significant drop in market value due to a controversial marketing campaign involving Dylan Mulvaney, which led to a boycott and a 14% decline in stock value. Despite these issues, the foundation's investment could be seen as a long-term bet on the company's recovery and its strong global market position.

Read the Full YAHOO!Finance Article at:
[ https://finance.yahoo.com/news/bill-gates-foundation-bought-1-160036730.html ]

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