Why Boston Beer, Molson Coors, and LVMH Moet Hennessy Stocks All Slipped on Friday [Yahoo! Finance]
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: Yahoo! Finance
Bad news for imbibers, as well as for investors in companies that manufacture and distribute alcoholic beverages today: On Friday, the U.S. Surgeon General released an "advisory" statement on the relationship between alcohol and cancer, linking alcohol consumption to "increasing risk for at least seven types of cancer." Shares of Boston Beer (NYSE: SAM) stock are down 3.6% in response, as of 11:05 a.m. ET. Molson Coors (NYSE: TAP) and LVMH Moet Hennessy (OTC: LVMUY) have fallen 2.2% and 2.8%, respectively. What the U.S. Surgeon General says about alcohol and cancer U.S. Surgeon General Dr. Vivek Murthy cites alcohol as a contributing factor to cancer of the breast, colorectum, esophagus, liver, mouth (oral cavity), throat (pharynx), and voice box (larynx), and notes that "for breast cancer specifically, 16.4% of total breast cancer cases are attributable to alcohol consumption." He further argues that drinking even less than one alcoholic drink per day can increase cancer risk,
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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
- For alcohol industry, surgeon general's cancer warning is nothing to toast [USA TODAY]USA TODAY
- Bud and Molson Stock Fall as Surgeon General Warns of Beer and Wine's Cancer Link [Yahoo! Finance]Yahoo! Finance
TAP
Earnings
- 11/7/24 - Beat
TAP
Sec Filings
- 1/3/25 - Form 4
- 11/8/24 - Form 10-Q
- 11/7/24 - Form 8-K
- TAP's page on the SEC website