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Popular alcohol producers had a uneven morning as investors reacted to the US Surgeon General’s advice on alcohol and cancer.
From Friday early afternoon, Molson Coors shares recorded a drop of 2.86% compared to the beginning of trading. Anheuser-Busch Inbev was down about 2.04%.
Coors Light is offering fans the chance to be featured on their Chill Train during a Super Bowl commercial. (Alex Flynn/Bloomberg via Getty Images/Getty Images)
Those two big producers were not alone.
Share price of Boston Beer Companywhich owns Samuel Adams, Twisted Tea and other brands, fell 1.88%. Brown-Forman, known for brands such as Jack Daniel’s and Woodford Reserve, fell about 1.26%.
Jack Daniels Tennessee Whiskey on display at the 6th Annual Fillies & Stallions Kentucky Derby Party, hosted by Black Rock Thoroughbreds, along with Tito’s Vodka, Jack Daniel’s and Red Bull on May 6, 2016 in Louisville, Kentucky. ((Photo by Robin Marchant/Getty Images for Ark Endeavors)/Getty Images)
Constellation Brands traded at $220.54, 0.93% lower than at the start of the day.
| Ticker | Safety | Last | Change | Change % |
|---|---|---|---|---|
| TAP | MOLSON COORS BEVERAGE CO. | 55.27 | -1.93 |
-3.37% |
| BUD | ANHEUSER-BUSCH INBEV | 48.86 | -1.07 |
-2.14% |
| ALONE | BOSTON BEER CO. INCH. | 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% |
That came after Consultation of the chief surgeon dr. Vivek Murthy about the “direct link” between alcohol and an increased risk of cancer.
ALCOHOL LINKED TO CANCER RISK IN NEW US SURGEON GENERAL’S ADVICE
The advisory, released Friday morning, said alcohol consumption is the “third leading cause of preventable cancer in the United States.”
Scientific evidence shows “a causal relationship between 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 speech system (larynx) ,” the advisory also stated.
Murthy proposed several actions that he said could help “to begin reducing alcohol-related cancers” in America. They include adding a cancer risk warning to the Surgeon General’s alcohol warning label, encouraging risk education, and reevaluating the “recommended limits for alcohol consumption“, the warning states.
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The Surgeon General’s current mandatory 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) Consumption of alcoholic beverages impairs your ability to drive. drive or operate machinery and can cause health problems.”
The authority to update that designation rests with Congress.
“This advice sets out steps we can all take to increase awareness of alcohol’s cancer risk and reduce harm,” Murthy said in a statement.
A large selection of cocktails and bottles of alcohol in the bar. (Godong/Universal Images Group via Getty Images/Getty Images)
About 45 percent of Americans knew that alcohol poses a cancer risk, according to the advisory.
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Gallup reported in August that among American drinkers, 34% said they “most” consume beer. Meanwhile, one-third said they preferred wine.
About 29% of American drinkers say liquor is their most common drink, according to Gallup.
Fox News Digital’s Melissa Rudy contributed to this report.
