The boycott of Bud Light is having a major effect on its sales, while the wave of anti-LGBTQ+ backlash is also affecting Target and Starbucks.

PhRMA’s lawsuit is the fourth legal challenge to the law after separate suits from Merck, Bristol Myers Squibb and the U.S. Chamber of Commerce.

U.S. satellite communications giant Intelsat walked away from merger discussions with Luxembourg-based competitor SES on Thursday, CNBC confirmed.