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Popular wine producers had a rough morning As investors reacted to an advisory from the US Surgeon General regarding alcohol and cancer.
Since Friday afternoon, molson coors The shares were down 2.86% from where they had started trading. Anheuser-Busch Inbev declined about 2.04%.
Coors Light is giving fans the chance to be featured in its Chill Train during a Super Bowl commercial. (Alex Flynn/Bloomberg via Getty Images/Getty Images)
Those two major producers were not alone.
stock price of Boston Beer CompanyOwnership of Samuel Adams, Twisted Tea and other brands is down 1.88%. Brown-Forman, known for brands such as Jack Daniel’s and Woodford Reserve, declined about 1.26%.
Jack Daniels Tennessee Whiskey is displayed at the 6th Annual Fillies & Stallions Kentucky Derby Party hosted by Black Rock Thoroughbreds with Tito’s Vodka, Jack Daniels and Red Bull on May 6, 2016 in Louisville, Kentucky. ((Photo by Robin Merchant/Getty Images for Ark Endeavor)/Getty Images)
Constellation Brands was hovering at $220.54, down 0.93% from the start of the day.
| anchor | Security | Last | Change | Change % |
|---|---|---|---|---|
| Tap | Molson Coors Beverage Company. | 55.27 | -1.93 |
-3.37% |
| bud | Anheuser-Busch InBev | 48.86 | -1.07 |
-2.14% |
| Sam | Boston Beer Company Inc. | 289.74 | -11.63 |
-3.86% |
| bf.b | Brown-Forman Corp. | 36.26 | -0.93 |
-2.49% |
| STZ | Constellation Brands Inc. | 221.95 | -0.64 |
-0.29% |
in view of which it came Surgeon General Dr. Vivek Murthy’s advice About the “direct link” between alcohol and increased cancer risk.
US Surgeon General’s new advice links alcohol to cancer risk
The advisory, published Friday morning, said alcohol consumption is “the third leading preventable cause of cancer in the United States.”
Scientific evidence “causally links alcohol use and an increased risk of at least seven different types of cancer, including breast (in women), colorectum, esophagus, liver, mouth (oral cavity), throat (pharynx), and voice box.” Show the relationship. Larynx),” the consultant also said.
Murthy proposed several actions that he said could “help reduce alcohol-related cancers” in the US. They include adding a warning about cancer risk to the Surgeon General’s warning label on alcohol, promoting education about the risks, and reevaluating “recommended limits for alcohol.” alcohol abuse“According to the advisor.
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The current required Surgeon General’s label states, “Government Warning: (1) According to the Surgeon General, women should not drink alcoholic beverages during pregnancy because of the risk of birth defects. (2) Consuming alcoholic beverages increases your risk of driving. Impairs the ability to drive a car or operate machinery, and may cause health problems.”
Congress has the authority to update that label.
“This advisory raises awareness about the cancer risk of alcohol and helps us all take steps to reduce harm,” Murthy said in a statement.
Large selection of cocktails and bottles of wine at the bar. (Godong/Universal Images Group via Getty Images/Getty Images)
The advisory stated that approximately 45% of Americans were aware of the cancer risk from alcohol.
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Gallup reported in August Of Americans who drink alcohol, 34% said they “often” consume beer. Meanwhile, a third reported favoring wine.
According to Gallup, about 29% of Americans who drink alcohol report that alcohol is their most frequent drink.
Fox News Digital’s Melissa Rudy contributed to this report.
