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Monster to label drinks under food products, Bloomberg reports

Monster Beverage (MNST) will change the label on its drinks to nutrition facts from supplement facts, thereby qualifying as food items under FDA policies, Bloomberg reports, citing comments from Monster's CEO Rodney Sacks to Beverage Digest. The change is intended to defuse criticism about the drinks' safety, Beverage Digest added, according to Bloomberg. Shares of Monster responded positively to the report, up 3%, or $1.55, to $48.31 in late morning trading.