FDA oversight of tobacco to benefit big brands-Fitch
NEW YORK, June 10 (Reuters) – Fitch Ratings on Wednesday said legislation pending in the U.S. Senate that will place regulation of the tobacco industry in the hands of the U.S. Food and Drug Administration will likely benefit the big established brands.
Compliance costs will hurt smaller players, while planned changes to tobacco advertising will cement the market position of bigger companies, the agency said in a statement.
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