Anheuser-Busch, Booze Stocks Hit By Surgeon General's Warning On Alcohol Link To Cancer

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.