By Stephen Nakrosis 
 

Shares of some tobacco companies slipped after The Wall Street Journal reported the Biden administration was considering requiring cigarette makers to lower nicotine levels to non-addictive levels.

The WSJ also reported the administration is nearing a deadline to decide whether it will move to ban menthol cigarettes.

At 3:25 p.m. ET, the American depository receipts of British American Tobacco PLC fell 1.78% to $39.79 a share. The ADRs opened trading at $40.97 and earlier had traded as high as $41.14.

Shares of Altria Group Inc. slid 4.47% to $49.07 at 3:27 p.m. ET. The stock opened at $52.31 and traded as high as $52.55 earlier.

Shares of Phillip Morris International Inc. dipped 1.27% to $91.73 at 3:28 p.m. ET. The stock opened at $93.35 and had traded as high as $93.43 earlier in the day.

 

--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

 

(END) Dow Jones Newswires

April 19, 2021 15:52 ET (19:52 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.