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BATS, Imperial fall on FDA nicotine cap plans

BATS, Imperial fall on FDA nicotine cap plans

PanaromaShares in big tobacco companies went up in smoke after the Food and Drug Administration (FDA) announced plans to lower the acceptable level of nicotine in cigarettes to “non-addictive levels”. Shares in British American Tobacco (BATS) fell 7 per cent, while Imperial Brands (IMB) was down 4 per cent.

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