For alcohol industry, surgeon general's cancer warning is nothing to toast [USA TODAY]
Molson Coors Beverage Company Class B (TAP)
Last molson coors beverage company class b earnings: 4/30 07:00 am
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Source: USA TODAY
For years, academic researchers and the media have delivered a mixed message to Americans about the safety of moderate drinking. Some studies say modest amounts of alcohol might confer health benefits , while others say any drinking will hurt you. On Friday, America's top physician, Surgeon General Dr. Vivek Murthy, issued an advisory that urged the nation to focus on alcohol's perils, calling for explicit warnings about cancer on alcohol bottles and cans. The advisory terms alcohol the “third leading preventable cause of cancer” in America, after tobacco and obesity. The news shook stocks across the alcohol industry, presumably on fears that adding a cancer warning to liquor bottles isn't likely to spur sales. "Warning labels won't be an immediate death blow to alcohol makers, but it will compound the long-term threats to the industry," said Blake Droesch, an alcohol-industry analyst, who spoke to Reuters. Holiday deals: Shop this season's top products and sales curated by o
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News
- ‘There is no safe level' of alcohol to drink, doctor says—not even one glass of red wine per day [CNBC]CNBC
- Alcohol stocks drop after US surgeon general calls for cancer warnings [USA TODAY]USA TODAY
- Alcohol maker stocks see declines in wake of Surgeon General cancer advisory [Yahoo! Finance]Yahoo! Finance
- Bud and Molson Stock Fall as Surgeon General Warns of Beer and Wine's Cancer Link [Yahoo! Finance]Yahoo! Finance
- Why Boston Beer, Molson Coors, and LVMH Moet Hennessy Stocks All Slipped on Friday [Yahoo! Finance]Yahoo! Finance
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