Altria Stock Dives On Report FDA Will Order Juul’s Vapes Pulled From U.S.| Investor’s Business Daily
Altria stock slid 9% on Wednesday following a report that the FDA plans to order Juul to pull its electronic cigarettes off the market in the U.S. — posing big risks for the tobacco giant’s investment in the vaping startup.
The move by the FDA could be announced as soon as Wednesday, said the Wall Street Journal. Altria and Juul did not immediately respond to requests for comment.
The decision comes just a day after the FDA announced intent to require tobacco makers to reduce the…