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What: Shares of cigarette maker Lorillard
So what: At an upcoming meeting the FDA will discuss the future of menthol cigarettes. The agency concluded that removing menthol would be a benefit to public health, but a spokeswoman said the July meeting would not change the report's conclusions or recommendations.
Now what: Apparently there won't be any drastic changes soon, something the market is cheering today. Any changes would require "rule making that includes public notice and the opportunity for public comment." Feel free to stop stressing about this ruling and head back out for a smoke break.
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Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.
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