DVDCF
DAVIDE CAMPARI MILANO N V
stock OTC

From SA:
Boston Beer (NYSE:SAM) -3.3%, Anheuser-Busch InBev (BUD) -2.4%, Molson Coors (NYSE:TAP) -2.3%, and Ambev S.A. (NYSE:ABEV) -1.4% were some of the notable brewery stock trading lower in Friday morning action, while spirits giants Diageo (NYSE:DEO) -3.6% and Brown-Forman (NYSE:BF.A) (NYSE:BF.B) -1.0% also traded weak.
In Europe, Pernod Ricard (OTCPK:PDRDF) (OTCPK:PRNDY) swung 2.5% lower and Heineken (OTCQX:HEINY) was down 1.3%. Meanwhile, Davide Campari-Milano N.V. (OTCPK:DVDCF) (OTCPK:DVCMY) was down more than 4.5%.
For investors, a huge factor to consider is that the decision to update the current warning label has to be made by Congress. Currently, there is no indication that the Trump administration or either party has the political will to issue the alcohol warnings labels. Due to that reality, several sell-side analysts have suggested that the share price decline in beer and spirits stocks is unwarranted.
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NYT:
Dr. Vivek Murthy’s report cites studies linking alcoholic beverages to at least seven malignancies, including breast cancer. But to add warning labels, Congress would have to act.
But alcohol directly contributes to 100,000 cancer cases and 20,000 related deaths each year, the surgeon general, Dr. Vivek Murthy, said.
He called for updating the labels to include a heightened risk of breast cancer, colon cancer and at least five other malignancies now linked by scientific studies to alcohol consumption.
“Many people out there assume that as long as they’re drinking at the limits or below the limits of current guidelines of one a day for women and two for men, that there is no risk to their health or well-being,” Dr. Murthy said in an interview.
“The data does not bear that out for cancer risk.”
Only Congress can mandate new warning labels of the sort Dr. Murthy recommended, and it’s not clear that the incoming administration would support the change.
Still, President-elect Donald J. Trump does not drink, and his choice to head the Health and Human Services Department, Robert F. Kennedy Jr., swore off alcohol and drugs decades ago, and says he regularly attends AA meetings.
But the government acknowledged emerging evidence indicating that “even drinking within the recommended limits may increase the overall risk of death from various causes, such as from several types of cancer and some forms of cardiovascular disease.”
Since then, even more studies have linked alcoholic beverages to cancer. Yet any attempt to change the warning labels on alcoholic beverages is likely to face an uphill battle.
The current warning label has not been changed since it was adopted in 1988, even though the link between alcohol and breast cancer has been known for decades.
The World Health Organization says there is no safe limit for alcohol consumption, however, and 47 nations require warnings on alcoholic beverages. But cancer is rarely mentioned.
To date, only South Korea has a label warning about liver cancer, though manufacturers can choose alternative labels that don’t mention cancer. Ireland is currently slated to introduce labels that say there is a “direct link between alcohol and fatal cancers” in 2026.
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[https://www.nytimes.com/2025/01/03/health/alcohol-surgeon-general-warning.html](https://www.nytimes.com/2025/01/03/health/alcohol-surgeon-general-warning.html)

From SA:
Boston Beer (NYSE:SAM) -3.3%, Anheuser-Busch InBev (BUD) -2.4%, Molson Coors (NYSE:TAP) -2.3%, and Ambev S.A. (NYSE:ABEV) -1.4% were some of the notable brewery stock trading lower in Friday morning action, while spirits giants Diageo (NYSE:DEO) -3.6% and Brown-Forman (NYSE:BF.A) (NYSE:BF.B) -1.0% also traded weak.
In Europe, Pernod Ricard (OTCPK:PDRDF) (OTCPK:PRNDY) swung 2.5% lower and Heineken (OTCQX:HEINY) was down 1.3%. Meanwhile, Davide Campari-Milano N.V. (OTCPK:DVDCF) (OTCPK:DVCMY) was down more than 4.5%.
For investors, a huge factor to consider is that the decision to update the current warning label has to be made by Congress. Currently, there is no indication that the Trump administration or either party has the political will to issue the alcohol warnings labels. Due to that reality, several sell-side analysts have suggested that the share price decline in beer and spirits stocks is unwarranted.
=============
NYT:
Dr. Vivek Murthy’s report cites studies linking alcoholic beverages to at least seven malignancies, including breast cancer. But to add warning labels, Congress would have to act.
But alcohol directly contributes to 100,000 cancer cases and 20,000 related deaths each year, the surgeon general, Dr. Vivek Murthy, said.
He called for updating the labels to include a heightened risk of breast cancer, colon cancer and at least five other malignancies now linked by scientific studies to alcohol consumption.
“Many people out there assume that as long as they’re drinking at the limits or below the limits of current guidelines of one a day for women and two for men, that there is no risk to their health or well-being,” Dr. Murthy said in an interview.
“The data does not bear that out for cancer risk.”
Only Congress can mandate new warning labels of the sort Dr. Murthy recommended, and it’s not clear that the incoming administration would support the change.
Still, President-elect Donald J. Trump does not drink, and his choice to head the Health and Human Services Department, Robert F. Kennedy Jr., swore off alcohol and drugs decades ago, and says he regularly attends AA meetings.
But the government acknowledged emerging evidence indicating that “even drinking within the recommended limits may increase the overall risk of death from various causes, such as from several types of cancer and some forms of cardiovascular disease.”
Since then, even more studies have linked alcoholic beverages to cancer. Yet any attempt to change the warning labels on alcoholic beverages is likely to face an uphill battle.
The current warning label has not been changed since it was adopted in 1988, even though the link between alcohol and breast cancer has been known for decades.
The World Health Organization says there is no safe limit for alcohol consumption, however, and 47 nations require warnings on alcoholic beverages. But cancer is rarely mentioned.
To date, only South Korea has a label warning about liver cancer, though manufacturers can choose alternative labels that don’t mention cancer. Ireland is currently slated to introduce labels that say there is a “direct link between alcohol and fatal cancers” in 2026.
===========
[https://www.nytimes.com/2025/01/03/health/alcohol-surgeon-general-warning.html](https://www.nytimes.com/2025/01/03/health/alcohol-surgeon-general-warning.html)