The Food and Drug Administration on Friday announced a new plan that would significantly lower nicotine levels in cigarettes so that they're no longer addictive.
"The FDA plans to begin a public dialogue about lowering nicotine levels in combustible cigarettes to non-addictive levels through achievable product standards".
British American Tobacco shares fell as much as 11 per cent while Altria fell as much as 16 per cent. Cigarette smoke, he said, not nicotine, is what causes cancer, heart disease and lung disease.
MAC Giving Away Free Lipsticks on National Lipstick Day
The makeup company is celebrating National Lipstick Day on Saturday, July 29 by giving away free tubes in its US stores only. To snag your tube, which normally retail at about $17, show up to any MAC store or retailer such as Sephora or Ulta .
In a press release, published on the agency's website on Friday, the FDA said it will ensure it has the proper scientific and regulatory foundation to efficiently and effectively implement the Family Smoking Prevention and Tobacco Control Act.
To help spur industry innovation, products that were on the market as of August 8th, 2016, do not need to submit applications until 2022. In contrast, an e-cigarette can contain anywhere between zero milligrams and 42 milligrams of nicotine.
According to the FDA, 90 percent of smokers had their first cigarette before they turned 18 years old and 2,500 kids try their first cigarette every day. Greatest reasons for a preventable ailment, which the FDA says is in charge of 480,000 passing's a year and also several billions of dollars in medical expenses and lost profitability.
Dhananjaya, Pradeep return to Sri Lanka's Test squad
He was particularly harsh on Sri Lanka's spin attack, helping India maintain a run rate of 5.9 an over in the afternoon session. But India and Zimbabwe are different teams, and we are playing worldwide cricket so that confidence should help the boys.
British American Tobacco's USA subsidiary, Reynolds American Inc., said it was encouraged by Mr. Gottlieb's comments on the relative risks of different tobacco products.
The agency is also seeking public comment on the role that flavors (including menthol) in tobacco products play in attracting new users, as well as additional input and scientific data on the patterns of use and public health impacts from premium cigars. Shares of Gillia tumbled 7% while British American Tobacco (BTI - Free Report) stock plunged 9%. The original deadline was November 8, 2018, and the four-year extension is supposed to provide more time for public comment and industry guidance as part of a "comprehensive regulatory plan" that aims to strike "an appropriate balance between regulation and encouraging development of innovative tobacco products that may be less risky than cigarettes".
Trump helps commission USS Gerald R. Ford, newest aircraft carrier
Trump called the ship an American symbol of power and prestige wherever it sails in the world. "That's a big achievement". Construction on the USS Ford started in 2009 and was to be completed by September 2015 at a cost of 10.5 billion dollars.