Tobacco stocks surged Wednesday after regulators threatened to pull e-cigarettes from shelves if manufacturers do not control "widespread" teen use.
Shares of Altria and British American Tobacco rose about 7 percent to their best day since November 2008. Philip Morris International shares increased nearly 5 percent to their best day since April 2015. In London, Imperial Brands rose 3 percent.
The FDA is considering restricting e-cigarette manufacturers from selling flavored nicotine liquid or making the products undergo an agency review. FDA Commissioner Scott Gottlieb extended an Obama-era deadline that would have required e-cigarettes on the market by 2016 to be reviewed starting this year.
