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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
11 Views

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
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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
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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
3 Views

US considers plan to cap nicotine levels in cigarettes

The US is considering capping the amount of nicotine allowed in cigarettes at a level that is not addictive, in a move that could strike a serious blow to the business model of big tobacco. Shares in tobacco stocks tumbled on Friday after the unexpected
Financial Times (uk)
added Jul 28, 2017 17:42
6 Views

[UK] British American Tobacco is lit ahead of smoking second half

Fresh from completing the massive acquisition of US rival Reynolds earlier in the week, British American Tobacco announced a solid set of first-half numbers, made to look even nicer thanks to strong currency tailwinds. The cigarette maker, which snapped
Digital Look (uk)
added Jul 27, 2017 15:33
5 Views

BRIEF-Moody's says price hikes and cost cuts light a stable fire for European tobacco sector's outlook

* Moody's: price hikes and cost cuts light a stable fire for european tobacco sector's outlook * Moody's says price hikes combined with stronger product mix and cost cuts will help European tobacco Co grow operating profits at 5.0 pct - 6.0 pct over nex
Reuters
added Jul 26, 2017 14:51
17 Views

Here's What to Expect From Altria Group on Thursday

What's more important for investors to look at is how Altria intends to move forward with its big-picture strategic plan, which advocates a balanced approach toward its legacy traditional cigarette and smokeless tobacco business as well as taking advantag
Motley Fool
added Jul 24, 2017 22:11
2 Views

[UK] Ethical funds show that doing good CAN be profitable as they beat rivals by backing firms loved by millennials

The FTSE All-Share Tobacco index, which tracks the progress of tobacco companies, has shot up 163 per cent over the past decade. The share price of British American Tobacco has risen 223 per cent from 1698p to 5485p since the ban while Imperial Brands
The Daily Mail and Mail on Sunday (uk)
added Jul 24, 2017 15:57
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