An FDA Ban on E-Cigarettes?
- Tobacco stocks are on the rise today with news that the FDA is threatening to pull e-cigarettes from shelves.
- What's at issue for the FDA is the "widespread" use of E-Cigs by teenagers. The FDA is ordering the top E-Cig manufacturers to submit plans within 60 days detailing how the companies will prevent teens from using their products.
- The result of the potential action from the FDA? Tobacco stocks like Altria, British American Tobacco and Philip Morris are on gaining value.