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FDA updates potential tobacco regulatory timelines

New federal tax on share repurchases may cool efforts or become another accepted cost

Corporate America and investors enter a new financial era Sunday in which most share repurchases will be accompanied by a 1% federal tax on publicly traded corporations.

US Supreme Court turns away Reynolds appeal of California flavoring ban

The U.S. Supreme Court turned away Monday an appeal by several Reynolds American Inc. businesses to prevent California from enforcing a ban of most menthol and other flavored tobacco products

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