Tobacco stocks surge as FDA announces crackdown on e-cigarette companies over teen use
Publishing timestamp: 2018-09-12 14:08:08
Summary
Tobacco stocks surged after FDA threatened to pull e-cigarettes from shelves if teen use is not controlled. Companies like Altria and British American Tobacco are targeted, but they are asking FDA to review new "heat-not-burn" products. Investors welcomed the regulatory crackdown, with Altria and Philip Morris International seeing stock increases. Juul, a privately held company, is most at risk.
Sentiment: MIXED
Tickers: BATS-GB, 2914.T-JP, PM, IMB-GB, MO,
Keywords: business news, health care industry, business, altria group inc, japan tobacco inc, youth tobacco use, imperial brands plc, british american tobacco plc, philip morris international inc,