The real reason for Biden’s war on Juul

A report that the Food and Drug Administration might order Juul to pull its products from store shelves has sent shares of Altria plunging.

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The cigarette company owns a 35% stake in Juul.

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The Wall Street Journal reported Wednesday that the FDA could order the e-cigarette maker to remove its products as early as Wednesday following a several years review of the brand

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The FDA hasn't formally announced a move as of yet, and CNN has been unable to verify the Journal's report

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An FDA spokesperson told CNN the agency could not provide any information at this time. Juul Labs did not immediately respond to CNN's request for comment.

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Altria shares tumbled 8% Wednesday and the stock has fallen 13% this year.

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he company invested $12.8 billion for a 35% stake in Juul in 2018.

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The deal quickly went south as concerns mounted about the health risks of vaping, and US regulators pushed for a crackdown on e-cigarettes.

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Juul was also criticized for selling vape pods with flavors such as mango, creme and cucumber that became popular with teens.

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Though e-cigarette products have been allowed to remain on the market for years, in 2020

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