Altria Group Inc (NYSE:MO) shares are trading lower Wednesday following reports the U.S. Food and Drug Administration is preparing to remove Juul e-cigarettes from the U.S. market.
According to a Wall Street Journal report, citing people familiar with the matter, the FDA could announce its decision on Juul e-cigarettes as soon as Wednesday. The potential ruling comes almost two years after Juul had applied for approval to keep selling e-cigarettes in the U.S. Altria owns a 35% stake in the e-cigarette company.
