BUZZ-US FDA to ease crackdown on vapes; Philip Morris climbs;
فيليب موريس إنترناشونال
Philip Morris International Inc. PM | 0.00 |
** Shares of cigarette maker Philip Morris PM.N up 1.7% at $174.05 premarket
** The US FDA said it would ease its crackdown on some unauthorized vapes and nicotine pouch products with pending marketing applications under review
** The change means that manufacturers with products that meet the agency's conditions are unlikely to face enforcement action even if they sell their products without the legally required license
** The new guideline is a boost for cos like PM, which have delayed product launches while awaiting agency decisions on new products
** As of last close, PM stock up 6.6% YTD
