News Formal

Tobacco stocks rise on report that FDA won't cut nicotine levels in cigarettes as planned

  • 📰 CNBC
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 72%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Tobacco stocks rose Wednesday after Bloomberg reported that the Food and Drug Administration has shelved its plan to cut nicotine levels in cigarettes to minimally or non-addictive levels.

Former FDA Commissioner Scott Gottlieb announced the plan in July 2017 as part of a sweeping tobacco policy framework that included delaying e-cigarette oversight. The FDA did not immediately respond to CNBC's request for comment.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines