Shares of Altria, which late last year invested $12.8 billion for a 35 percent stake in e-cigarette giant Juul, fell nearly 5 percent. Shares in tobacco companies fell after the US Food and Drug Administration (FDA) said it is investigating possible links between e-cigarettes and seizures. The FDA has warned that there are “serious concerns” about whether electronic cigarettes, which mimic traditional cigarette smoke, can be used to help people quit smoking. A recent study has said the proportion of adults thinking e-cigarettes were as bad as the conventional versions had risen sharply.
Shares in tobacco companies fell after the US Food and Drug Administration (FDA) said it is investigating possible links between e-cigarettes and seizures. The FDA has warned that there are “serious concerns” about whether electronic cigarettes, which mimic traditional cigarette smoke, can be used to help people quit smoking. A recent study has said the proportion of adults thinking e-cigarettes were as bad as the conventional versions had risen sharply.