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Alcohol Stocks Drop—Corona Owner Plummets $450 Million In Value—After Surgeon General Says Alcohol Should Have Cancer Warning
GMGM(GM) Forbes·2025-01-03 14:49

ToplineConstellation Brands, the producer of Modelo and Corona, lost about $450 million in market capitalization as shares for several alcohol makers and distributors dipped on Friday after Surgeon General Vivek Murthy called for Congress to update warning labels on alcoholic beverages to include cancer risks.Drinking alcohol results in an increased risk of at least seven types of cancer, Vivek Murthy said.Copyright 2010 AP. All rights reserved. Key FactsShares of Constellation Brands dropped by more than 1 ...