{"id":231146,"date":"2021-04-20T12:16:00","date_gmt":"2021-04-20T09:16:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/tobacco-stocks-get-ashed-after-report-that-biden-administration-could-require-nicotine-cutbacks\/"},"modified":"2021-04-20T12:16:00","modified_gmt":"2021-04-20T09:16:00","slug":"tobacco-stocks-get-ashed-after-report-that-biden-administration-could-require-nicotine-cutbacks","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/tobacco-stocks-get-ashed-after-report-that-biden-administration-could-require-nicotine-cutbacks\/","title":{"rendered":"#\n  Tobacco stocks get ashed after report that Biden administration could require nicotine cutbacks"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a36dc7663fc1\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a36dc7663fc1\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/tobacco-stocks-get-ashed-after-report-that-biden-administration-could-require-nicotine-cutbacks\/#Big_Tobacco_stocks_listed_in_Europe_led_shares_across_the_region_lower_on_Tuesday\" >Big Tobacco stocks listed in Europe led shares across the region lower on Tuesday<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/tobacco-stocks-get-ashed-after-report-that-biden-administration-could-require-nicotine-cutbacks\/#Jack_Denton\" >Jack Denton<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#<br \/>\n  Tobacco stocks get ashed after report that Biden administration could require nicotine cutbacks<br \/>\n<\/strong>&#8221;<\/p>\n<h2 class=\"article__subhead\" itemprop=\"alternativeHeadline\"><span class=\"ez-toc-section\" id=\"Big_Tobacco_stocks_listed_in_Europe_led_shares_across_the_region_lower_on_Tuesday\"><\/span>\n  Big Tobacco stocks listed in Europe led shares across the region lower on Tuesday<br \/>\n<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><\/p>\n<div class=\"column column--full article__content\">\n<div class=\"article__side\">\n<div class=\"container--sticky not-active\">\n<div class=\"cx--next\">\n              <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div id=\"js-article__body\" class=\"article__body article-wrap at16-col16 barrons-article-wrap\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0000238042\">\n<div class=\"barrons-article-ad-wrapper\">\n<div data-track=\"barrons-article-ad-wrap\" class=\"barrons-article-ad sticky_item\">\n<div class=\"barrons-main-article-ad-target sticky_target body_ad\" aria-hidden=\"true\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>       Shares in Big Tobacco companies listed in Europe led stocks across the region lower on Tuesday, following a report that the White House could introduce new regulations for nicotine levels in cigarettes, affecting how addictive they are.<\/p>\n<p> London-listed Imperial Brands<br \/>\n        UK:IMB<span><\/span><br \/>\n       and British American Tobacco<br \/>\n        BATS,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/209116881\/delayed\" class=\"negative\">-6.30%<\/bg-quote><br \/>\n       fell 5% to 6% on Tuesday. In Asia, Japan Tobacco<br \/>\n        2914,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/208255672\/delayed\" class=\"negative\">-1.80%<\/bg-quote><br \/>\n       stock was near 2% lower.<\/p>\n<div class=\"paywall\">\n       Shares in U.S. tobacco giant Altria<br \/>\n        MO,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/208895754\/composite\" class=\"negative\">-6.17%<\/bg-quote><br \/>\n       fell more than 6% in late Monday trading and the stock was down more than 1% further in the New York premarket. Share price declines for Philip Morris International<br \/>\n        PM,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/201611010\/composite\" class=\"negative\">-1.33%<\/bg-quote><br \/>\n       were more muted \u2014 the stock fell more than 1% lower on Monday in New York and was just below flat in the premarket.<\/p>\n<p>The Wall Street Journal reported on Monday that President Joe Biden\u2019s administration is considering new regulations requiring tobacco companies to reduce the nicotine levels in cigarettes sold in the U.S. to the point at which the products are no longer addictive.<\/p>\n<p>A decision on the matter would come as the administration faces a deadline over whether or not it intends to ban menthol cigarettes.<\/p>\n<p><strong>Read more:<\/strong> Biden administration could require tobacco companies to reduce nicotine in cigarettes<\/p>\n<p>European-listed tobacco stocks led shares across the region lower on Tuesday. The pan-European Stoxx 600<br \/>\n        SXXP,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210599654\/delayed\" class=\"negative\">-0.76%<\/bg-quote><br \/>\n       was 0.7% lower while London\u2019s FTSE 100<br \/>\n        UKX,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210598409\/delayed\" class=\"negative\">-0.59%<\/bg-quote><br \/>\n       dipped 0.5%. The CAC 40<br \/>\n        PX1,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210597958\/delayed\" class=\"negative\">-0.97%<\/bg-quote><br \/>\n       in Paris fell 0.8% and Frankfurt\u2019s DAX<br \/>\n        DAX,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210597999\/delayed\" class=\"negative\">-0.40%<\/bg-quote><br \/>\n       slipped 0.3%.<\/p>\n<p>Dow futures<br \/>\n        YM00,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210407078\/delayed\" class=\"negative\">-0.16%<\/bg-quote><br \/>\n       were pointing down around 30 points, set for a soft open to continue declines after the index closed 123 points lower on Monday at 34,077.<\/p>\n<p>Analysts said that macro factors remain the same, with\u00a0bond yields, inflation concerns, and the continuing pressure of COVID-19 infections in Europe on the radar as the market turns to a wave of corporate earnings.<\/p>\n<p>\u201cEarnings could be a catalyst to give the overall market a sense of direction,\u201d said Jim Reid, a strategist at Deutsche Bank.<\/p>\n<div id=\"cx-membership-tile\"><\/div>\n<p>This sentiment was echoed by Michael Hewson, an analyst at CMC Markets, who noted that \u201cit is perhaps not surprising that after the gains seen last week, that we might see some modest profit-taking as we gear up for further big earnings announcements this week.\u201d<\/p>\n<p>Looking past the tobacco stocks, shares in London-listed Czech cybersecurity firm Avast<br \/>\n        AVST,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/203787462\/delayed\" class=\"positive\">+3.50%<\/bg-quote><span>,<\/span><br \/>\n       a FTSE 100 component, climbed near 3% higher after the group reported results for the first quarter of 2021. Revenue and adjusted earnings both grew more than 10% in the quarter compared with the same period last year, and Avast raised its forecast for the full year.<\/p>\n<p><strong>Plus:<\/strong> European soccer\u2019s planned Super League has thrown the sport into chaos. What is it all about?<\/p>\n<p>German automobile titans Volkswagen<br \/>\n        XE:VOW<span>,<\/span><br \/>\n       Daimler<br \/>\n        DAI,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/201850364\/delayed\" class=\"negative\">-0.04%<\/bg-quote><br \/>\n       and BMW<br \/>\n        BMW,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/202432319\/delayed\" class=\"positive\">+0.50%<\/bg-quote><br \/>\n       were among the leading gainers in Frankfurt trading, adding buoyancy to the DAX index with Volkswagen stock near 2% higher. Daimler prereleased upbeat first-quarter results on Friday that Deutsche Bank analysts expect to pave the way for similar earnings announcements from Volkswagen and BMW in the coming days.<\/p>\n<p>Danone<br \/>\n        BN,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/205561941\/delayed\" class=\"negative\">-2.52%<\/bg-quote><br \/>\n       stock slipped near 3% in Paris following downbeat earnings. The French food giant confirmed its guidance for the full year and said that sales fell in the first quarter of 2021 as the pandemic continued to weigh on its activities.<\/p>\n<p>Shares in Italian soccer club Juventus<br \/>\n        JUVE,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/200971889\/delayed\" class=\"negative\">-8.62%<\/bg-quote><br \/>\n       fell 6.5% in Milan, erasing some of 18% gains on Monday following <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> that the club would join a prospective breakaway European Super League of top clubs. Backlash from fans and politicians against the new league continued on Tuesday, though shares in Manchester United<br \/>\n        MANU,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/205140601\/composite\" class=\"positive\">+6.74%<\/bg-quote><br \/>\n       \u2014 listed in the U.S. \u2014 were up more than 2% in premarket, after climbing near 7% on Monday.<\/p><\/div>\n<\/div><\/div>\n<p><\/p>\n<div class=\"byline article__byline\">\n<p>      <span>By<\/span><\/p>\n<div class=\"author  hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"Jack Denton\",\"subhead\":\"The Wall Street Journal\",\"list\":[]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"Jack_Denton\"><\/span>Jack Denton<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/p><\/div>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"http:\/\/www.marketwatch.com\/news\/story.asp?guid=%7B21005575-02D4-D4B5-4572-D3A1DA981600%7D&#038;siteid=rss&#038;rss=1\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Tobacco stocks get ashed after report that Biden administration could require nicotine cutbacks &#8221; Big Tobacco stocks listed in Europe led shares across the region lower on Tuesday Shares in Big Tobacco companies listed in Europe led stocks across the region lower on Tuesday, following a report that the White House could introduce new&#8230;<\/p>\n","protected":false},"author":1,"featured_media":231147,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[],"class_list":["post-231146","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/231146","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=231146"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/231146\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/231147"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=231146"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=231146"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=231146"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}