Tobacco shares plunge as Biden mulls cutting nicotine levels in cigarettes

'Wall Street Journal' has reported US government may only allow cigarettes with nicotine levels so low they would no longer be addictive

The US Food and Drug Administration could also move to ban menthol cigarettes. Picture: Eva Hambach/AFP via Getty Images

Shares in tobacco firms plunged after the Wall Street Journal reported the US government may only allow cigarettes with nicotine levels so low they would no longer be addictive.

The US Food and Drug Administration could also move to ban menthol cigarettes as the Biden administration considers imposing requirements to lower nicotine content, the newspaper said, citing sources.