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Big Tobacco Shares Fall After FDA Announces It Wants To Lower Nicotine Levels

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On Friday, after the U.S. Food and Drug Administration said that it was seeking to reduce nicotine levels in cigarettes, shares of major tobacco companies in the U.S. and UK slumped in heavy volumes. British American Tobacco shares, trading close to all-time highs, fell as much as 11 percent and were on track for their biggest one-day loss in nearly 18 years. The sharp slide was poised to wipe off about $60 billion off of the market value of the world's biggest tobacco producers. http://feeds.reuters.com/~r/reuters/t... http://www.wochit.com This video was produced by YT Wochit Business using http://wochit.com

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