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Threat of a looming menthol cigarette ban weighs on tobacco stocks - TL;DR CNBC

Threat of a looming menthol cigarette ban weighs on tobacco stocks

Publishing timestamp: 2018-11-12 16:46:54


Summary

FDA plans to announce ban on menthol cigarettes, causing tobacco stocks to slide. Menthol cigarettes make up a significant portion of profits for companies like BAT, Altria, and Imperial Brands. Shares of these companies fell as investors feared the consequences of the possible ban.


Sentiment: NEGATIVE

Tickers: BATS-GBMOIMB-GB

Keywords: altria group incfoodretail industryfdainvestment strategyyouth tobacco usebritish american tobacco plcbusinessbusiness news beverage and tobacco products manufacturinghealth care industryimperial brands plc

Source: https://www.cnbc.com/2018/11/12/tobacco-stocks-drop-as-fdas-possible-menthol-ban-looms.html


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