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https://www.investors.com/news/anheuser-busch-bud-stock-surgeon-general- warning-alcohol-cancer-link/
Anheuser-Busch InBev (BUD) and other alcohol-related stocks fell Friday
after the Surgeon General named alcohol consumption the No. 3 preventable
cause of cancer, behind tobacco and obesity. BUD stock, Diageo (DEO) and Constellation Brands (STZ) all traded lower in early stock market action.
"Alcohol is a well-established, preventable cause of cancer responsible
for about 100,000 cases of cancer and 20,000 cancer deaths annually in the U.S.," Surgeon General Dr. Vivek Murthy said in a news release, "yet the majority of Americans are unaware of this risk." The Surgeon General
called for the health warning label on alcoholic beverages to be updated
to include cancer risk, in addition to the dangers related to pregnancy, driving and unspecified "health problems."
Alcohol Has 'Direct Link' To 7 Types Of Cancer
The Surgeon General's advisory notes a direct link between alcohol
consumption and at least seven types of cancer. They include cancers of
the breast, colorectum, esophagus, liver, mouth, throat and larynx. The
linkage has been established "regardless of the type of alcohol (e.g.
beer, wine and spirits) that is consumed."
Among all breast cancer cases, 16.4% are attributable to alcohol
consumption, the advisory indicates.
In addition to an update of the health warning label, the Surgeon General
is asking public health professionals, community groups and health care providers to inform communities and patients about the link to cancer.
BUD, DEO, STZ
BUD stock fell 1.8% early Friday. Diageo slid 2.6% and Constellation
Brands dropped 1.5%.
The Surgeon General's warning comes at a challenging time for the
industry. The Beverages-Alcoholic industry group ranks a lowly 179 of 197
based on stock price performance and momentum.
BUD stock is down 25% from its 52-week high, with sales falling 3% from a
year ago in the latest quarter.
Be sure to read IBD's The Big Picture column after each trading day to get
the latest on the prevailing stock market trend and what it means for your trading decisions.
--
November 5, 2024 - Congratulations President Donald Trump. We look
forward to America being great again.
The disease known as Kamala Harris has been effectively treated and
eradicated.
We live in a time where intelligent people are being silenced so that
stupid people won't be offended.
Durham Report: The FBI has an integrity problem. It has none.
Thank you for cleaning up the disaster of the 2008-2017 Obama / Biden
fiasco, President Trump.
Under Barack Obama's leadership, the United States of America became the
The World According To Garp. Obama sold out heterosexuals for Hollywood
queer liberal democrat donors.
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