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2 mins read
Altria plunges 10% after report says FDA will ban Juul vaping products from the US market
Juul's market share of the US e-cigarette market has dropped to second place, behind Reynolds Ameri…
Matthew Fox
1 min read
The rise and fall of e-cig startup Juul in the US, from Silicon Valley darling to a ban by the FDA
The company, valued at as much as $38 billion, staked a precarious path into the limelight, startin…
Travis Clark,Erin Brodwin
8 mins read
Some of the same members of Congress pushing to restrict cigarettes and vapes are quietly investing in tobacco giants
They've invested in companies such as Philip Morris International, Altria, and British American Tob…
Kimberly Leonard
2 mins read
The FDA is planning to ban menthol cigarettes and all flavors of cigars, and Biden approves
The agency said the measure will "significantly reduce" the number of young people picking up smoki…
Natasha Dailey
1 min read
Altria extends losses as Biden administration considers forcing cigarette makers to slash nicotine levels
Altria shares remained under pressure Tuesday following a report the Biden administration may force…
Carla Mozée
1 min read
Altria writes down Juul investment by $4.5 billion amid vaping crackdown
"Altria considered impairment indicators in totality, including: increased likelihood of U.S. Food …
Daniel Strauss
3 mins read
Altria sinks on report that the FTC is investigating whether Juul's marketing is deceptive and targets minors
Altria shares continued to fall later Thursday after Bloomberg reported an FDA investigation into w…
Ben Winck
2 mins read
Philip Morris is discussing a blockbuster merger with Altria as more people trade cigarettes for vapes
The team-up talks come at a time when cigarette smoking is declining and electric cigarette use is …
Carmen Reinicke
2 mins read
Phillip Morris and Altria's tobacco mega-merger goes up in smoke as Juul struggles with vaping backlash
"While we believed the creation of a new merged company had the potential to create incremental rev…
Daniel Strauss
2 mins read
Altria bet almost $13 billion on Juul, now it's paying the price with $4.1 billion in impairment charges
For its part, Juul agreed to restructure its board of directors if approved by the Federal Trade Co…
Jessica Snouwaert
2 mins read
Marlboro-maker Altria is reportedly in talks to buy marijuana producer Cronos Group
If a deal is reached, it would represent the largest tie-up between the tobacco and marijuana secto…
Jeremy Berke
1 min read
The cannabis producer Cronos spikes after confirming it has held talks with the Marlboro maker Altria
If a deal were to come to fruition, it wouldn't be the first time a cigarette company has moved int…
Jonathan Garber
2 mins read
Altria's investment in Juul had the worst possible timing - and wound up costing it $110 million a week amid a mass vaping crackdown
"Altria considered impairment indicators in totality, including: increased likelihood of U.S. Food …
Daniel Strauss
2 mins read
Top Juul investor Altria has seen $30 billion - almost a third of its market value - erased since the FDA launched a vaping investigation in April
The traditional tobacco company has seen $30 billion in market valuation since the FDA announced a …
Carmen Reinicke
3 mins read
The FDA just called out e-cig startup Juul and tobacco giant Altria for backing away from a pledge to fight teen vaping
In letters sent to Juul and Altria on Wednesday, Food and Drug Administration Commissioner Scott Go…
Erin Brodwin
3 mins read
A Hollywood producer's vandalized mansions recall a landmark case when graffiti artists won $6.75 million after their work was destroyed
Tags similar to those on Los Angeles' iconic graffiti towers have appeared in another unlikely plac…
Katherine Tangalakis-Lippert
2 mins read
Wall Street says buy stocks that pay dividends with $6 trillion of cash ready to be deployed
"We see more opportunities within equities for investors searching for yield," Bank of America's Sa…
Matthew Fox
2 mins read
These are the 10 best-performing stocks of all time
A single dollar invested in Altria in 1926 is worth about $2.7 million today, according to Hendrik …
Matthew Fox
4 mins read
The disruptive effect of weight loss drugs like Ozempic could have surprising impacts on the stock market. Here are potential winners and losers.
"When you go on GLP-1, you eat significantly less and you feel fuller. So you lose the weight," Bai…
Matthew Fox
3 mins read
Kellogg is giving its Pringles and Cheez-It business a new name with classical Latin twist. It's the latest company name to incorporate the 'dead' language.
Pop Tarts, Pringles, and other food brands will be part of Kellanova, one of two companies being fo…