On Monday, President Obama signed the Family Smoking and Tobacco Prevention Act into law, giving the FDA unprecedented power to regulate the tobacco industry. This was an issue we discussed way back in 2008. We pointed to a statement by Dan Clifton that indicated a Democratic administration would be more likely to support the regulation [...]

Earlier in February we at Election Stocks covered the FDA’s regulation of the tobacco market and considered whether or not it would be beneficial to tobacco companies. Now Christopher Atayan from TheStreet.com writes in correspondence with our own Jeff Miller:

Philip Morris is supporting the FDA regulation of tobacco because they believe it will freeze their [...]

Who would’ve guessed that FDA regulation would be good for major tobacco companies? According to Dan Clifton of Strategas in this CNBC video (CNBC+ required) from the day of the Iowa Caucus, that may be the case.
In case you cannot view the video, the main idea is that under a Democratic administration, the FDA would [...]