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Tobacco shares plunge as United States government vows to cut nicotine in cigarettes

29 July 2017, 08:15 | Virginia Santiago

Tobacco shares plunge as United States government vows to cut nicotine in cigarettes

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Tobacco is blamed for more than 480,000 deaths annually in the and is the leading cause of preventable heart disease, cancer and death in the U.S.

His studies have found that lower-nicotine cigarettes could indeed wean smokers of the habit and prompt them to quit.

SIEGEL: The FDA made some other announcements today in connection with nicotine and cigarettes.

Elsewhere, many Americans welcomed the announcement, calling it a big step in the right direction, while anti-smoking groups predicted that the tobacco industry would likely fight the agency's regulations.

"If you can separate the nicotine people are craving from the smoke that's killing them, then you may be doing something very important", Warner said.

Elsewhere results were in focus, with telecoms operator BT down 1.8 percent after its first quarter profit was dented by settlements for an Italian accounting scandal, with government regulation also a concern for investors. The FDA is now exploring ways to lower nicotine levels in cigarettes.

The most recent figures show that as many as 36.5 million adults, or 15 percent of adults, smoked cigarettes in 2015. "It meant a lot of e-cigarettes in the market were going to disappear", she said.

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The FDA also wants to encourage alternative nicotine products - like nicotine gum, skin patches and electronic cigarettes - which might be safer than cigarettes. "Public input on these complex issues will help ensure the agency has the proper science-based policies in place to meaningfully reduce the harms caused by tobacco use".

The FDA announced on Friday a plan to reduce tobacco-related disease and death, including targeting nicotine as the product that causes dependence and eventually leads to health complications.

Eric Lindblom, JD, former director of the FDA Center for Tobacco Products' Office of Policy, was highly critical of the FDA's action to delay regulatory action on e-cigarettes, calling it "seriously troubling" in a press statement.

"We need to ask some tough questions about the benefits and potential risks about any new technology".

In a surprise announcement, the FDA has stated that in order to address the public health crisis that smoking poses, the agency will target nicotine as the core issue, and will in fact help support innovations that may help decrease cigarette consumption including e-cigarettes.

It could create a black market for higher nicotine cigarettes. The rules would have forced manufacturers to go through the review within two years or face having their products yanked off the market.

With the modified timelines, all applications for newly-regulated combustible products (eg, cigars, pipe tobacco, hookah tobacco) would be submitted by August 8, 2021.



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