Accendo Markets

Where have we seen this movie before? It was “Thank You For Smoking,” a barbed satire based on a Christopher Buckley novel about the government’s attempt to rein in the cigarette trade by forcing Big Tobacco to put a skull and crossbones on every pack. Since that movie came out in...

Analysts warned investors Friday not to overreact to a Food and Drug Administration edict to cut nicotine in cigarettes to non-addictive levels, saying it actually may be good for Big Tobacco’s profits. Regardless, shares of cigarette manufacturers plummeted when the FDA announcement came...