The Daily Money: Dispatches from the DEI wars
Good morning! It’s Daniel de Visé with your Daily Money.
Anti-DEI activists are targeting LGBTQ+ rights in corporate America and, lately, notching victories.
Molson Coors has retreated from some of its diversity, equity and inclusion initiatives. One concession: withdrawing from a benchmark index that measures how friendly a company’s policies are to LGBTQ+ people.
The maker of Coors Light isn’t the only company distancing itself from the LGBTQ+ advocacy community.
Read Jessica Guynn's report.
Fearless Fund settles DEI fight
And here's another Jessica Guynn story:
Fearless Fund will end a grant program for Black women, settling a closely watched case that challenged corporate DEI efforts.
As part of a legal settlement, the Fearless Fund permanently closed its Fearless Strivers grant contest.
In June, the 11th Circuit U.S. Court of Appeals blocked Fearless Fund from awarding $20,000 grants to businesses owned by Black women while the case was litigated, siding with anti-affirmative action activist Edward Blum, who said the grant program was discriminatory.
The case was part of a larger movement.
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After more than 150 years, the Campbell Soup Company is dropping "soup" from its name, Mary Walrath-Holdridge reports.
The iconic brand has branched out into much broader territory since it was founded as Anderson & Campbell in 1869, taking on other food and snack brands like Pepperidge Farm, Swanson, Pace Foods, Prego and Snyder's-Lance, subsidiaries that produce everything from salsa and pasta sauce to goldfish crackers, pretzels and TV dinners.
Now just the "The Campbell's Company," the brand will continue to place an emphasis on the lucrative snacking category. Soup may still be good food, but it is a mere afterthought.
About The Daily Money
Each weekday, The Daily Money delivers the best consumer and financial news from USA TODAY, breaking down complex events, providing the TLDR version, and explaining how everything from Fed rate changes to bankruptcies impacts you.
Daniel de Visé covers personal finance for USA Today.