The singer talked about brands and what they stand for. In Starbucks' case, he said some might see it as a place to hang out and get coffee - but that brand can also signify social responsibility.
The way the U.S. is perceived - "Brand USA" - also means something, he said. And it's never been so closely watched, said Bono, who didn't endorse either candidate for president.
Regardless of who wins, "it's a great chance to relaunch Brand USA," he said.
Bono has been a leading advocate for Africa, drawing attention to issues ranging from poverty and hunger to AIDS.
(RED) aims to partner with private companies to sell products such as coffee drinks, with some proceeds going to the Global Fund to help raise AIDS awareness in Africa. More than $112 million has been raised in the two years since (RED) launched.