November 20, 2019 / 5:20 PM / 2 months ago

U.S. health regulators drop plan to sharply cut nicotine in cigarettes- Bloomberg

Nov 20 (Reuters) - The U.S. Department of Health and Human Services has shelved a proposal to drastically cut the level of nicotine in cigarettes, Bloomberg reported on Wednesday citing a regulatory document.

Shares of tobacco giants Altria Group Inc and Philip Morris International rose on the report here

The U.S. government proposed cutting nicotine in cigarettes to "non-addictive" levels in 2017 in a regulatory shift that was designed to move smokers toward potentially less harmful e-cigarettes.

The U.S. Food and Drug Administration, which comes under the Department of Health and Human Services, did not immediately respond to a Reuters request for comment. (Reporting by Uday Sampath in Bengaluru; Editing by Maju Samuel)

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