Smokeless Tobacco Investigated by FDA
Jessica Miller | January 20, 2012
The Food and Drug Administration is considering the health impact of dissolvable tobacco, leaving investors concerned that new regulations may hurt Reynolds American (RAI -2.38%). Shares in the tobacco giant dropped nearly 2.5% in trading on Thursday. With experts urging regulators to consider the candy-like appeal of flavored dissolvable tobacco to children, there may be good reason to worry. Dissolvable tobacco differs from ordinary chewing tobacco in that it dissolves in the mouth.
