Reported 2 days ago
Shares of major beer and alcohol companies fell sharply following a warning from the US surgeon general that alcohol consumption is linked to cancer risks, prompting calls for warning labels similar to those on cigarettes. The advisory highlights nearly 100,000 cancer cases annually in the US attributed to alcohol, with notable links to specific cancer types. While the impact of this advisory amid a changing political landscape remains uncertain, the broader issues facing the industry include declining consumption and rising competition from non-alcoholic beverages.
Source: YAHOO