NIO - Wall Street Breakfast: Up In Smoke?

Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify. Up in smoke?September 9, 2021, may go down as a day of reckoning for the vaping industry, with the FDA set to decide whether and how e-cigarette companies may keep selling their products in the U.S. The biggest impacts could be felt by Vuse, which is owned by Reynolds American (NYSE:BTI), and Juul, in which Altria (NYSE:MO) has a 35% stake. Some other companies like Philip Morris (NYSE:PM), Swedish Match (OTCPK:SWMAF) and Imperial Brands (OTCQX:IMBBY) could also see a significant competitive advantage if their product is approved, or could get hit if rejected.Backdrop: Last September, all U.S. e-cigarette manufacturers were required to take their vaping products off the market or submit them for FDA review. Scientific evidence was required to demonstrate that each product was less

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Wall Street Breakfast: Up In Smoke?