Last summer, a Mexican beer overtook the longtime favorite Bud Light as America’s best-selling beer. It happened amid a customer boycott against Bud Light for a marketing campaign featuring transgender social media personality Dylan Mulvaney. But the story of how Modelo knocked Bud Light from its perch is about much more than a marketing u-turn. It’s an antitrust tale that includes the Department of Justice, and one lawyer in particular, along with a once little-known wine and spirits company from upstate New York. Featuring Ina Verstl, a Munich-based journalist who covers the global beer industry.

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How Modelo Became America’s #1 Beer. And it’s not what you might think.

The Closer: Deals Change the World

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