Biden May Drive Tobacco Firms to Reduce Cigarette Nicotine Ranges By Investing.com
By Yasin Ebrahim
Investing.com – Tobacco shares had been on the again foot Monday after The Wall Road Journal reported that the Biden administration is contemplating requiring tobacco corporations to chop the nicotine ranges in all cigarettes bought within the U.S. to make them much less additive.
Philip Morris Worldwide Inc (NYSE:), Altria Group (NYSE:), Reynolds Shopper Merchandise Inc (NASDAQ:) moved decrease.
The potential coverage measure would pressure the businesses to scale back the chemical in cigarettes to nonadditive or minimally addictive ranges, to steer people who smoke to give up or swap to much less dangerous options akin to e-cigarettes, gums, or lozenges, in keeping with The Wall Road Journal.
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