UPDATE 1-U.S. Senate leader McConnell calls for raising minimum age to buy tobacco products
McConnell said https://www.mcconnell.senate.gov/public/index.cfm/pressreleases?ID=C7912202-0742-4404-8775-8836F261DDEF the bill would be introduced in May. Shares of Marlboro maker Altria Group Inc, which owns a 35 percent stake in e-cigarette maker Juul, fell 3 percent on the news. Philip Morris International and U.S-listed shares of British American Tobacco were also trading lower.
"For some time, I've been hearing from the parents who are seeing an unprecedented spike in vaping among their teenage children... Unfortunately, it's reaching epidemic levels around the country," the Republican Senator from Kentucky said in a statement. E-cigarette makers are already under pressure from the U.S. Food and Drug Administration (FDA), which laid out plans in March to clamp down on the use of the popular nicotine devices among teens. (Reporting by Uday Sampath in Bengaluru Editing by Saumyadeb Chakrabarty)
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