Philip Morris Shares Jump After FDA Signals Limited Enforcement on Certain Nicotine Products
Philip Morris International shares rose 3.26% in mid-day trading after the U.S. Food and Drug Administration said it would not prioritize enforcement against nicotine pouch and e-vapor products that have premarket tobacco applications on file with required data. Goldman Sachs reiterated a Buy rating and flagged an impending U.S. rollout of ZYN Ultr…