Popular alcohol producers had a bumpy morning as investors reacted to an advisory from the U.S. Surgeon General about alcohol and cancer. As of early Friday afternoon, Molson Coors shares had posted a 2.86% drop from where they started trading. Anheuser-Busch Inbev has declined about 2.04%. Those two major producers were not alone. The stock price of Boston Beer Company, which owns Samuel Adams, Twisted Tea and other brands, has gone down 1.88%.
The advisory, published Friday morning, said that alcohol consumption is the "third-leading preventable cause of cancer in the United States." Scientific evidence shows a "causal relationship between alcohol use and increased risk for at least seven different types of cancer, including breast , colorectum, esophagus, liver, mouth , throat , and voice box ," the advisory also said.
Gallup reported in August that among Americans who drink alcohol, 34% said they "most often" consume beer. Meanwhile, one-third reported favoring wine. About 29% of alcohol-drinking Americans reported that liquor is what they drink most often, according to Gallup. Fox News Digital’s Melissa Rudy contributed to this report.
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