icon bookmark-bicon bookmarkicon cameraicon checkicon chevron downicon chevron lefticon chevron righticon chevron upicon closeicon v-compressicon downloadicon editicon v-expandicon fbicon fileicon filtericon flag ruicon full chevron downicon full chevron lefticon full chevron righticon full chevron upicon gpicon insicon mailicon moveicon-musicicon mutedicon nomutedicon okicon v-pauseicon v-playicon searchicon shareicon sign inicon sign upicon stepbackicon stepforicon swipe downicon tagicon tagsicon tgicon trashicon twicon vkicon yticon wticon fm
5 Apr, 2019 11:07

Smoking now not only bad for health, but investment portfolios too – RT’s Boom Bust finds out why

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.

For more stories on economy & finance visit RT's business section

Podcasts