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FDA Seeks to Reduce Nicotine in Cigarettes to Nonaddictive Levels ($$)

Tobacco company shares tumble on move
The Wall Street Journal Interactive Edition
added Jul 28, 2017 20:54
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Tobacco Bondholders Shrug Off FDA News While Cigarette Stocks Are Hit Hard

Judging by the reaction in the corporate and municipal bond markets, the chances that cash flows will be interrupted seem relatively thin -- at least for now. There were only a handful of trades on Friday in the $86.5 billion market for debt backed by p
Bloomberg News
added Jul 28, 2017 20:45
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FDA Acts Vs. Cigarettes, But One Tobacco Giant Is Holding Up

However, one cigarette maker fared reasonably well. Peer Philip Morris International (PM), which sells Marlboro and other brands outside the U.S., rose 0.3% to 118.51 on the stock market today, rebounding from session lows for 109.31. Philip Morris presu
Investor's Business Daily
added Jul 28, 2017 20:44
8 Views

Why Altria is Tanking

The FDA will try to lower nicotine levels in cigarettes, causing Altria shares to tumble. One analyst says it's a good time to buy.
Barron's
added Jul 28, 2017 20:40
3 Views

Tobacco Stocks Go Up in Smoke After FDA Issues Plan to Curb Tobacco-Related Deaths

By Friday's close, Altria Group Inc (MO) stock sank 9.6%, British American Tobacco PLC (BTI) 7.2% and Vector Group Ltd (VGR) 4.7%. An outlier in its industry Friday, Philip Morris Int'l (PM) stock gained just slightly to close up 0.27%, a move Wells Far
thestreet.com
added Jul 28, 2017 20:37
13 Views

FDA aims to cut nicotine in cigarettes, ease e-cigarette rules

The move means FDA Commissioner Scott Gottlieb has thrown his regulatory weight on the side of those advocating for e-cigarettes in the debate over whether they potentially hold some public health benefits. Shares of major tobacco companies in the Unit
Reuters
added Jul 28, 2017 18:26
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Tobacco Shares Plunge After FDA Proposes Cut to Cigarette Nicotine

The FDA’s move is likely to set off a lobbying fight in Washington over the proposal... “This was a big surprise and will make it imperative that domestic tobacco companies strive to develop innovative, safer products,” said Jack Russo, an analyst with E
Bloomberg News
added Jul 28, 2017 18:13
7 Views

Tobacco's Teflon Gets Tested

the magnitude of the selloff eased off within minutes, as analysts began to push out quick notes reiterating their bullishness.And those analysts have a point. The tobacco giants have been preparing for this moment, even if investors didn't see it coming.
Bloomberg News
added Jul 28, 2017 18:07
4 Views

Big Tobacco smoked after FDA takes aim on cigarette nicotine levels

slumped in heavy volumes on Friday after the U.S. Food and Drug Administration said that it was seeking to reduce nicotine levels in cigarettes. British American Tobacco shares, trading close to all-time highs, fell as much as 11 percent and were on trac
Reuters
added Jul 28, 2017 18:04
3 Views

Cigarette stocks slump, earnings see FTSE 100 mark worst week in a month

Shares in British American Tobacco sank as much as 13.7 percent, though recovered to end 6.8 percent lower, after the U.S. Food and Drug Administration said it aimed to cut nicotine in cigarettes to non-addictive levels. Shares in BAT's peer Imperial Br
Reuters
added Jul 28, 2017 18:03
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