The decision is the result of a patent case filed by rival R.J. Reynolds. The trade agency found that the cigarette alternative infringed on two of Reynolds' patents. The import and sales ban will take effect in two months after an administrative review that requires President Joe Biden's signature. Philip Morris said that it plans to appeal the trade agency's decision, and an Altria spokesperson said that the two companies are working together on contingency plans. "We continue to believe RJR's patents are invalid and that IQOS does not infringe those patents," an Altria spokesperson said in a statement to CNBC. Altria launched the Iqos device in the United States two years ago, but it bega... [Read more]