Why Boston Beer, Molson Coors, and LVMH Moet Hennessy Stocks All Slipped on Friday

Bad news for imbibers, as well as for investors in companies that manufacture and distribute alcoholic beverages today: On Friday, the U.S. Surgeon General released an "advisory" statement on the relationship between alcohol and cancer, linking alcohol consumption to "increasing risk for at least seven types of cancer." Shares of Boston Beer (NYSE: SAM) stock are down 3.6% in response, as of 11:05 a.m. ET. Molson Coors (NYSE: TAP) and LVMH Moet Hennessy (OTC: LVMUY) have fallen 2.2% and 2.8%, respectively.U.S. Surgeon General Dr. Vivek Murthy cites alcohol as a contributing factor to cancer of the breast, colorectum, esophagus, liver, mouth (oral cavity), throat (pharynx), and voice box (larynx), and notes that "for breast cancer specifically, 16.4% of total breast cancer cases are attributable to alcohol consumption." He further argues that drinking even less than one alcoholic drink per day can increase cancer risk, and blames alcohol for 20,000 cancer deaths annually in the U.S.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool