Consumer
Menthol Cigarette Ban Proposal Nixed by Trump Administration
- Advocates fought for more than a decade for smoking measure
- Move boosts cigarette makers Altria, British American Tobacco
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A proposed ban on menthol cigarettes and flavored cigars was withdrawn by the Trump administration, a blow to public health advocates who attribute thousands of premature deaths to the additive.
The draft ruling to ban menthol was listed as “withdrawn” in a regulatory docket earlier this week. Shares of cigarette makers gained on the news Friday, with Altria Group Inc. rising as much as 1.9% in New York and British American Tobacco Plc gaining 0.4% in London.