For the tobacco industry, the White House Rose Garden was exactly the wrong place for President Bill Clinton to announce new restrictions, as he did last week, on the sale and advertising of cigarettes. These days, absolutely nothing is coming up roses for Big Tobacco. All year it's been battered by mounting lawsuits and seesawing stock prices. And now the new rules, part of a bid to stop smoking among teenagers, establish a precedent the industry has feared for decades. Clinton signed an Executive Order that subjects tobacco to regulation by the Food and Drug Administration. As a twist of the...
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