Today in business: 5 things you need to know

Europe cracks down on tobacco, Brooklyn home prices hit a record, and more

A tobacco retailer in France
(Image credit: John Van Hasselt/Corbis)

1. EUROPE CRACKS DOWN ON TOBACCO

On Wednesday, a committee of the European Parliament voted to ban menthol and other flavored cigarettes, enlarge health warnings on tobacco packaging, and tighten regulations on e-cigarettes. Some think the policies, if passed, won't do much to reduce smoking-related health problems. "The best way of curbing smoking is through excise tax increases," a tobacco industry analyst told the Wall Street Journal. [The Wall Street Journal]

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