Alcohol Companies Could Face a Challenge With Younger Consumers After Surgeon General Warning
The USA is going to add a "cancer warning" to alcoholic beverages, causing stocks related to alcohol to decline across the board.
The USA government's Medical Director Murthy has called for the addition of cancer risk warning labels on Alcoholic Beverages, stating that alcohol causes about 100,000 cancer cases and 20,000 cancer deaths in the USA each year. After the announcement, the stock price of Rémy Cointreau in France fell by 5%, and major beverage companies such as Anheuser-Busch Inbev and Diageo also saw declines.
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