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Driving up the price of cigarettes (limiting legal supply), rather than helping people reduce their dependence on nicotine (influencing demand), is irresponsible policymaking at best
But the Cincinnati-based Court of Appeals for the 6th Circuit upheld the bulk of the FDA's new regulatory framework, including the new graphic warnings
If approved, the deal will also further extend BATs footprint in the US market, where a wave of mergers and acquisitions has significantly consolidated competition in recent years
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