For the first time, the federal government is proposing cutting the nicotine level in cigarettes so they aren't so addictive.
U.S. Food and Drug Administration chief Scott Gottlieb directed the agency's staff Friday to develop new regulations on nicotine. The FDA has had the power since 2009 to regulate nicotine levels, but so far it hasn't done so.
Stocks of cigarette makers plunged after the announcement.
Gottlieb also said the FDA is giving e-cigarette makers four more years to comply with a review of products already on the market. The agency needs to concentrate on nicotine regulation and not be distracted by the debate on whether e-cigarettes help smokers quit,...