India’s Health Ministry Targets Surrogate Tobacco Ads in Cricket

The Indian government is cracking down on surrogate tobacco advertising in cricket, particularly gutka ads featuring Bollywood celebrities. The health ministry plans to request the BCCI to stop displaying these ads, citing their negative influence on young audiences. This move comes after a study revealed the prevalence of such ads during recent cricket matches, raising concerns about the promotion of smokeless tobacco products.

Sin Stocks to Consider Amidst Economic Uncertainty

Despite the ethical debates surrounding them, sin stocks can offer compelling investment opportunities during economic downturns. Investors seeking potential growth should consider the following companies:
– Anheuser-Busch (BUD): Known for its affordable beer, BUD benefits from the trend towards value-oriented purchases due to inflation concerns.
– MGM Resorts (MGM): Focus on experiential spending and a potential return to travel could boost this entertainment giant’s earnings.
– Philip Morris (PM): The tobacco industry is pivoting towards e-cigarettes and vaporizers, opening up new revenue streams and earning potential.

Supreme Court to Decide on ‘Ghost Gun’ Regulation

The Supreme Court will determine whether the Bureau of Alcohol, Tobacco, Firearms, and Explosives (ATF) can regulate ‘ghost gun’ kits that can be easily assembled into working firearms without serial numbers or background checks. The Biden administration is challenging a lower court decision that overturned a rule designed to curb the sale of these kits, arguing that they pose a threat to public safety. The rule’s challengers maintain that the ATF’s definition of ‘firearm’ is too broad.

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