Supreme Court declines to halt California flavored tobacco ban, Bloomberg says

The U.S. Supreme Court has refused to pause California’s new ban on flavored tobacco, dismissing a request from British American Tobacco’s (BTI) RJ Reynolds, Bloomberg’s Greg Stohr reports. There was no explanation or noted dissents, the author notes. The California ban was approved last month in a referendum with over 63% of the vote, and it can now become effective December 21, the author says. RJ Reynolds had aimed to stop the law while it mounts a legal challenge, the author notes. Other publicly traded companies in the space include Altria Group (MO), Imperial Brands (IMBBY) and Philip Morris (PM). Reference Link