Soda stocks, including Keurig Dr Pepper, PepsiCo, and Coca-Cola, experienced declines after Robert Kennedy Jr. reportedly announced his plan to seek federal help in banning the use of food stamps for soda purchases. This proposal, if implemented, could significantly impact the beverage industry.
The Washington Post reported on Kennedy Jr.'s intention to make sugary drinks ineligible for purchases under the Supplemental Nutrition Assistance Program (SNAP). This move is part of a broader public health initiative.
Such a ban would directly affect the sales volume of carbonated soft drinks, particularly among low-income consumers who rely on SNAP benefits. Beverage companies are closely monitoring these developments due to the potential financial implications.
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