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FDA Plans to Ban Menthol Cigarettes After Suit Raised Race Issue


Apr 29 2021, 11:35 PM
April 29 2021, 7:36 PM
April 29 2021, 11:35 PM
(Bloomberg) The U.S. Food and Drug Administration has moved to ban the sale of menthol cigarettes, citing their disproportionate effect on the health of African Americans.
(Bloomberg) The U.S. Food and Drug Administration has moved to ban the sale of menthol cigarettes, citing their disproportionate effect on the health of African Americans.
The decision infuriated tobacco companies but delighted anti-tobacco activists and public-health advocates.
In its announcement Thursday, the FDA said it’s “working toward issuing proposed product standards within the next year to ban menthol” as a flavor in cigarettes. It also plans to ban all flavors, including menthol, in cigars. The agency will allow an opportunity for public comment, and a ban would likely take years to take effect. ....

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FDA plans to ban menthol cigarettes, citing minority impact


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Futures Slide For Second Day Amid Renewed Virus Worries


by Tyler Durden
Tuesday, Apr 20, 2021 - 07:52 AM
S&P 500 and Nasdaq 100 stock futures extend declines for a second day, with both down about 0.5% as of 7:00 am in New York as travel and leisure stocks led the move, indicating fresh concerns over reopenings. US futures tracked Europe’s Stoxx 600 index which was 1.1% lower, its biggest drop in a month as a growing tally of virus cases primarily in emerging markets tempered enthusiasm for a global growth rebound. Bond yields fell. 
Some notable premarket moves:
United Airlines dropped 2.1% after the carrier booked a bigger-than-expected loss for the first quarter.
IBM gained 2.8% as it reported its biggest revenue gain in 11 quarters boosted by its bets on the high-margin cloud computing business. ....

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