Smoking, Biden administration thinks about measure to reduce nicotine in cigarettes

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April 20, 2021 A squeeze on incoming cigarettes by the Biden administration: according to rumors reported by the Wall Street Journal, the president is considering the possibility of requiring large tobacco companies to reduce nicotine levels in all cigarettes sold in the United States. The demand would aim to cut nicotine to levels that cannot cause addiction. The assessment comes as the administration approaches its April 29 deadline, by which it must declare whether or not it wants to ban menthol cigarettes.

Meanwhile, after the rumors, the tobacco giants Philip Morris and Altria have suffered a drastic decline on Wall Street: Altria loses 7.7% and Philip Morris 1.4%.