Tobacco companies probably breathed a sigh of relief when FDA Commissioner Scott Gottlieb abruptly resigned last month. But it appears Congress is picking up the banner of the commissioner’s anti-vaping and anti-tobacco crusade – and tobacco stocks are suffering because of it.
Shares of Altria and Philip Morris slumped on the news
And the broader S&P 500 Tobacco sector declined.
via ZeroHedge News http://bit.ly/2XhgBBo Tyler Durden