Breakingviews: A Rare Victory for Science in an F.D.A. Move [The New York Times]
Philip Morris International Inc (PM)
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Source: The New York Times
Photo The Food and Drug Administration wants to lower nicotine levels in cigarettes. Credit Paul J. Richards/Agence France-Presse — Getty Images The Food and Drug Administration ’s crackdown on cigarettes is a rare victory for science in the Trump era. As a watchdog agency, the administration wants to lower nicotine levels in a hit to Big Tobacco, whose shares plunged on Friday. It says cigarettes are the only legal product that, over the long term, kills half of those who consume them as intended. It is a marked departure from the White House’s rejection of evidence on climate change and its stated zeal for deregulation. The agency said it wanted to bring down the amount of nicotine in cigarettes to nonaddictive levels. Its goal is to ensure it has “the proper scientific and regulatory foundation” to effectively put into effect tobacco oversight laws. The F.D.A. commissioner, Dr. Scott Gottlieb, said that unless trends changed, 5.
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Sec Filings
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- 3/15/24 - Form 144
- 3/11/24 - Form 4
- PM's page on the SEC website