Who could win and lose after the surgeon general's alcohol-cancer link warning [Business Insider]
Diageo plc (DEO)
US:NYSE Investor Relations:
diageo.com/en/investors
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Source: Business Insider
While just a recommendation, the advisory sent shares of some big alcohol manufacturers lower. It also presents a fresh opportunity for makers of alternatives to alcohol. The US Surgeon General's finding Friday that alcohol causes cancer led to stock declines for some of the beverage industry's biggest names — and an opportunity for some newer entrants. Drinking is a major cause of preventable cancer , Dr. Vivek Murthy said in the advisory, which also recommended placing a notice about the cancer risk on beer, wine, and spirits — similar to how packs of cigarettes include warnings about their health risks. On its own, the recommendation doesn't mean that labels on booze will change. That would require an act of Congress. Murthy is also part of President Joe Biden's administration and will be replaced by President-elect Donald Trump's nominee for surgeon general after he takes office on January 20. That nominee, Janette Nesheiwat, could take a different view on the advisory
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- Diageo dips Baileys into chocolate [Yahoo! Finance]Yahoo! Finance
- US Surgeon General Calls For Cancer Warning-Labels On Alcohol [zero hedge]zero hedge
- Social stigma still overshadows 0.0 drinks for Gen Z, even as Diageo, Heineken and AB InBev bet big on alcohol-free options [Yahoo! Finance]Yahoo! Finance
- Stocks jump Friday morning, beverage makers sink after surgeon general warning [Yahoo! Finance]Yahoo! Finance
DEO
Sec Filings
- 1/2/25 - Form 6-K
- 12/2/24 - Form 6-K
- 11/1/24 - Form 6-K
- DEO's page on the SEC website