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Getty Images Survey Monday Is it a good idea to invest in the tobacco sector in 2024? · Yes (consistent and attractive dividends) · Maybe (growth options from new products/trends) · No (too much risk and a declining market) · N/A (morally wrong to invest in the sector) Take the survey here and don't forget to share your thoughts in the WSB comments section . Smoke signals The FDA has authorized the marketing of the first non-tobacco flavored e-cigarette products in the U.S.
, a move that has activists, health advocates, lobbyists and investors all weighing in on the matter. Developments in the tobacco industry have been tense for decades and have renewed in recent years surrounding next-generation products. The latest endorsement from the FDA will apply to four menthol vaping products from NJOY, owned by Altria ( MO ), which is known for brands like Marlboro, Parliament and Virginia Slims under its subsidiary Philip Morris USA.
Quote: "We are a data driven agency and will continue to follow the science to inform our review of premarket tobacco applications," said Matthew Farrelly, director of the Office of Science in the FDA's Center for Tobacco Products. "Based upon our rigorous scientific review, in this instance, the strength of evidence of benefits to adult smokers from completely switching to a less harmful product was sufficient to outweigh .
