ADVERTISEMENT
ADVERTISEMENT

Tobacco stocks tank after FDA says it plans to cut nicotine in cigarettes to non-addictive levels (BTI, MO, PM, VGR)

"5.6 million young people alive today will die prematurely later in life from tobacco use" unless we change course, the FDA said.

Tobacco stocks slumped on Friday following news that the US Food and Drug Administration seeks to lower nicotine in cigarettes to non-addictive levels.

Here are some of the movers:

  • Altria
  • -12%
  • British American Tobacco (London-listed)
  • -10%
  • Phillip Morris International
  • -5%
  • Vector Group
  • -4%

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.
ADVERTISEMENT

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.ng

Recommended articles

Here's everything to know about being a virgin on your wedding night

Here's everything to know about being a virgin on your wedding night

7 do's and don’ts of the Holy month of Ramadan

7 do's and don’ts of the Holy month of Ramadan

Top 5 sweetest celebrity mother-child relationships that stand out for us

Top 5 sweetest celebrity mother-child relationships that stand out for us

International Women's Day: 5 Nigerian female celebrities championing women’s rights

International Women's Day: 5 Nigerian female celebrities championing women’s rights

Top 5 female directors in Nollywood

Top 5 female directors in Nollywood

6 things that will break a Muslim's fast during Ramadan

6 things that will break a Muslim's fast during Ramadan

5 benefits of fasting during Ramadan

5 benefits of fasting during Ramadan

5 reasons Easter was more fun when we were children

5 reasons Easter was more fun when we were children

Dos and don’ts of supporting Muslims during Ramadan

Dos and don’ts of supporting Muslims during Ramadan

ADVERTISEMENT
ADVERTISEMENT