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  • Tobacco Stocks Rise as FDA Threatens to Pull Vape Products 

    Tobacco Stocks Rise as FDA Threatens to Pull Vape Products 

    Shares in tobacco companies surged yesterday after the FDA threatened to pull flavored e-cigarette products from shelves in 60 days if “widespread” teen use isn’t tackled. Altria shares rose more than 6% in their best day since November 2008 while Philip Morris International shares increased by around 3% and British American Tobacco stocks increased almost 6%. The increase came after the FDA announced that it was ordering the five largest e-cigarette manufacturers to submit plans on how they will prevent teens from using their products. JUUL, Vuse, MarkTen, Blu E-cigs and Logic will have 60 days to respond to the...
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