Smoking now not only bad for health, but investment portfolios too – RT’s Boom Bust finds out why
Tobacco stocks took a dip shortly after the US Food and Drug Administration announced plans to investigate reports of e-cigarette users experiencing seizures.
Though the FDA didn’t directly blame e-cigarettes, the announcement dragged down shares of tobacco giants like Altria, British American Tobacco and Imperial Brands. Global investors, previously spooked by a probable tightening of e-cigarette restrictions, opted to pull out of the stocks.
RT’s Boom Bust decided to cut through the smoke and find out if e-cigs could drag down the once highly profitable assets.
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