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Tobacco stocks surge as FDA announces crackdown on e-cigarette companies over teen use - CNBC

CNBC  | Published on 9/15/2018

Tobacco stocks surge as FDA announces crackdown on e-cigarette companies over teen use

  • Tobacco stocks surged after regulators threatened to pull e-cigarettes from shelves if manufacturers do not control "widespread" teen use.
  • The FDA is specifically ordering five brands — Juul, Vuse, MarkTen, Blu E-cigs, and Logic — to submit plans within 60 days detailing how the companies will prevent teens from using their products.
  • While British American Tobacco and Altria own two of the brands targeted in Wednesday's announcement, the companies are asking the FDA to review new "heat-not-burn" products.
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