Tobacco stocks are on watch after Citi warns that the FDA is “closer” to taking regulatory action.
The FDA is also launching its first TV ads to fight teen vaping. The $60M FDA initiative called “The Real Cost” features new commercials featuring street magician Julius Dein using tricks to educate teens on the risks of e-cigarettes.
Related stocks: Altria (NYSE:MO), Philip Morris International (NYSE:PM), British American Tobacco (NYSE:BTI), Vector Group (NYSE:VGR), Imperial Brands (OTCQX:IMBBY).
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