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Alcohol stocks faced significant declines on Friday after U.S. Surgeon General Vivek Murthy issued a recommendation to add cancer warning labels to alcoholic beverages. The announcement highlighted the health risks associated with alcohol consumption, including its link to seven types of cancer, leading to sharp losses for several major beverage companies.
The Boston Beer Company, which produces popular brands such as Angry Orchard, Truly Hard Seltzer, Samuel Adams, and Twisted Tea, saw its stock drop nearly 4% by the end of trading. Molson Coors, the Canadian-American brewer of Miller Lite and Coors Light, experienced a 3% decrease in. . .
