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Tobacco Stocks Sink After FDA Eyes Lowering Nicotine In Cigarettes

Shares of tobacco companies are falling sharply after the U.S. Food and Drug Administration announced a comprehensive regulatory plan, under which it will pursue lowering nicotine in cigarettes to non-addictive levels and create "more predictability" in tobacco regulation.

WHAT'S NEW: The FDA announced a new comprehensive plan for tobacco and nicotine regulation that will serve as a multi-year roadmap to "better protect kids and significantly...


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