Tobacco Shares Plunge After FDA Proposes Cut to Cigarette Nicotine
Eight years after it was given the power to meaningfully change smoking in America, the U.S. Food and Drug Administration moved to do so. On Friday, the FDA announced it would take advantage of powers in the Family Smoking Prevention and Tobacco Control Act -- a law enacted under a Democratic Congress and then-President Obama -- to cut the level of nicotine in cigarettes to nonaddictive levels.
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