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
Keywords: altria group inc, food, retail industry, fda, investment strategy, youth tobacco use, british american tobacco plc, business, business news, beverage and tobacco products manufacturing, health care industry, imperial brands plc,
Source: https://www.cnbc.com/2018/11/12/tobacco-stocks-drop-as-fdas-possible-menthol-ban-looms.html