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Apr 20 2021, 3:04 PM April 20 2021, 1:04 AM April 20 2021, 3:04 PM (Bloomberg) Tobacco stocks plunged after a report said the U.S. government may only allow cigarettes with nicotine levels so low they’d no longer be addictive. (Bloomberg) Tobacco stocks plunged after a report said the U.S. government may only allow cigarettes with nicotine levels so low they’d no longer be addictive. The U.S. Food and Drug Administration could also move to ban menthol cigarettes as the Biden administration considers imposing requirements to lower nicotine content, the Wall Street Journal reported, citing people familiar with the matter. Marlboro producer Altria Group Inc. lost almost $6 billion in market value Monday, while British American Tobacco Plc dropped as much as 7.3% in London early Tuesday. Analysts estimate the maker of Lucky Strike cigarettes gets a quarter to a third of its earnings from menthol brands such as Newport.

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