VGR - Is it a good idea to invest in the tobacco sector in 2024?

2024-06-24 07:34:25 ET

The FDA has authorized the marketing of the first non-tobacco flavored e-cigarette products in the U.S., a move that has activists, health advocates, lobbyists and investors all weighing in on the matter. Developments in the tobacco industry have been tense for decades and have renewed in recent years surrounding next-generation products. The latest endorsement from the FDA will apply to four menthol vaping products from NJOY, owned by Altria ( NYSE: MO ), which is known for brands like Marlboro, Parliament and Virginia Slims under its subsidiary Philip Morris USA....

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