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

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Tobacco stocks rise on report that FDA won't cut nicotine levels in cigarettes as planned
Sverige Senaste nytt,Sverige Rubriker

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.

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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.

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