Tobacco stocks hit by U.S. plan to cut nicotine levels in cigarettes

by Joy Montgomery July 29, 2017, 0:29
Tobacco stocks hit by U.S. plan to cut nicotine levels in cigarettes

Kenneth Warner, a retired University of MI public health professor who is a leading authority on smoking and health, said he was pleasantly surprised to learn of the FDA announcement. "It's taken a little while, but it seems the FDA is beginning to realize something the scientific community woke up to years ago: policies aimed at destroying the e-cigarette market actually would result in the unintended effect of more smokers sticking with traditional combustible cigarettes".

In a report issued Friday morning, the FDA said it plans "to begin a public dialogue about lowering nicotine levels in combustible cigarettes to non-addictive levels".

"We think today's announcement is an important evolution in the Agency's approach to regulating tobacco products and a meaningful step forward in developing a comprehensive regulatory policy that acknowledges the continuum of risk". The rules forced manufactures to put health warnings on product packaging and on advertisements, and prohibited sales to anyone under the age of 18.

Gottlieb also announced plans to delay for a few years a requirement that makers of cigars and e-cigarettes get agency approval for any products marketed after February 2007, according to the Washington Post.

The FDA said that tobacco use remains the leading cause of preventable disease and death in America, causing more than 480,000 deaths every single year.

HTC VR Headset For China Needs No PC Or Smartphone
Since then, an increasing number of companies are working towards making their devices compatible with Virtual Reality or VR. It appears like HTC and Qualcomm's upcoming stand-alone headset will fall in direct competition with Google's Daydream VR.

The FDA's shift comes as the agency considers whether to approve new marketing claims for new heat-not-burn devices, smokeless tobacco and other products.

In a statement, the regulator said it was aiming to create...

He also stressed the need to properly regulate products like electronic cigarettes, which can deliver nicotine without the harmful compounds found in tobacco smoke.

USA smoking rates have been falling for decades. This costly process would, in practice, have resulted in the near complete elimination of harm-reduction tools like e-cigarettes from the market.

Altria Group, which sells Marlboro and other cigarettes in the US, said it would be "fully engaged" in FDA's rule-making process.


TOP News

Bayern boss calls Renato Sanches' switch to Man United a 'possibility'
Sanches signed for Bayern last summer from Benfica following a hugely impressive European Championships with Portugal. Ancelotti said: 'The market stops August 31 at the moment he is working with us and training with us.

Moto Z2 Force Officially Announced with 6GB of RAM and Thinner Design
In the single-core test, the alleged Moto X4 got 824 points while in the multi-core testing the device has acquired 3886 points. According to a recent report, the dual rear cameras will come with a combination of 12-megapixel and 8-megapixel sensors .

GE shares fall as profit slumps, investors await new CEO's targets
On Thursday, it closed just below buy range and near the session low after setting a record high of 136.41. For the 2017 fiscal year the current consensus calls for EPS of $1.62 on revenues of $125.31 billion.

General Motors Company (NYSE:GM) Position Lowered by Shelton Capital Management
The stock has pared its advance to 1.83% so far during the current month, following a 2.95% surge in June. Following the sale, the insider now owns 133,052 shares of the company's stock, valued at $4,437,284.20.

More West Nile virus-carrying mosquitoes found in Salt Lake County
That's when mosquitoes that carry West Nile virus are particularly active, with the peak time being the two hours after sunset. At least two blood donors in Minnesota have tested positive for West Nile virus, according to the Centers for Disease Control.

SNL Says Goodbye to Spicey with Melissa McCarthy's Best Moments
Spicer , speaking on Fox News on Friday night, said McCarthy's incarnation of him was "over the line". McCarthy's critically acclaimed performance had also, reportedly , hurt Spicer's standing with Trump.

Minneapolis Police Chief Resigns After Officer Shooting of Australian Woman
Bob Kroll, Police Officers Federation of Minneapolis president, frequently criticized the former chief and the mayor. Officer Mohamed Noor , who shot and killed Damond, still has not provided a statement to investigators, the BCA said.

Imran 'begs' for my resignation every morning: PM
In April the Supreme Court said there was insufficient evidence to oust Sharif from power, but ordered the formation of the JIT to probe the claims.

Trump, Foxconn announce $10 billion plant in Wisconsin
Foxconn, the company that brings you iPhones and Nintendo , is making a $10 billion investment in Southeastern Wisconsin. Many other states were vying for the new plant, including Michigan, Ohio, Pennsylvania, Texas, Illinois, and Indiana.

The Ready Player One Trailer Is A Smorgasbord Of Pop Culture References
The only time teenage Wade Watts really feels alive is when he's jacked into the virtual utopia known as the OASIS . But that isn't to say I don't get excited when he makes new stuff.