Tobacco shares plunge as US government vows to cut nicotine in cigarettes

The US Food and Drug Administration has announced its plan to cut nicotine in conventional cigarettes to “nonaddictive levels,” pushing tobacco companies’ stocks into the red. The new regulations, which are yet to be finalized, are part of the government’s effort to push the tobacco industry toward developing alternatives that “may be less dangerous than […]

The tobacco giant behind Lucky Strike is spending billions on ‘next-gen nicotine delivery systems’

British American Tobacco. The buzzword du jour in boardrooms globally is “innovation,” with industries from banking to pharmaceuticals forced to contend with tech-driven disruption. Perhaps the most unlikely industry to face this grand wave of disruption is Big Tobacco — a field where the menthol once passed as innovative. “We are becoming a tech company,” British […]