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Apr 29 2021, 11:35 PM
April 29 2021, 7:36 PM
April 29 2021, 11:35 PM
(Bloomberg) The U.S. Food and Drug Administration has moved to ban the sale of menthol cigarettes, citing their disproportionate effect on the health of African Americans.
(Bloomberg) The U.S. Food and Drug Administration has moved to ban the sale of menthol cigarettes, citing their disproportionate effect on the health of African Americans.
The decision infuriated tobacco companies but delighted anti-tobacco activists and public-health advocates.
In its announcement Thursday, the FDA said itâs âworking toward issuing proposed product standards within the next year to ban mentholâ as a flavor in cigarettes. It also plans to ban all flavors, including menthol, in cigars. The agency will allow an opportunity for public comment, and a ban would likely take years to take effect.
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(Bloomberg) Tobacco stocks plunged after a report said the U.S. government may only allow cigarettes with nicotine levels so low theyâd 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 theyâd 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.