Piper Jaffray Downgrades Altria (MO) to Neutral
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FDA warns JUUL Labs for marketing unauthorized modified risk tobacco products, including in outreach to youth
September 9, 2019 10:34 AM EDTToday, the U.S. Food and Drug Administration issued a warning letter to JUUL Labs Inc. for marketing unauthorized modified risk tobacco products by engaging in labeling, advertising, and/or other activities directed to consumers, including a presentation given to youth at a school. The agency also sent a letter to the company expressing concern, and requesting more information, about several issues raised in a recent Congressional hearing regarding JUULs outreach and marketing practices, including those targeted at students, tribes, health insurers and employers. These letters are the latest in a series of actions the agency has taken as... More
Philip Morris (PM), Altria Group (MO) Push to Highs
September 6, 2019 1:48 PM EDTPhilip Morris International (NYSE: PM) and Altria Group (NYSE: MO) are ramping to the highs of the session. Earlier, StreetInsider reported there is a behind the scenes push by holders to end the merger talks. In addition, there were CDC headlines that linked the vaping death to THC-containing vape products.
... MoreTHC-containing vape products associated with long long illness - CDC
September 6, 2019 1:01 PM EDTTHC-containing vape products associated with long long illness - CDC
Related
British American Tobacco (NYSE: BTI)
Altria Group (NYSE: MO)
Philip Morris International (NYSE: PM)
UPDATE: Reports of Two Vaping Related Deaths
September 6, 2019 12:57 PM EDT(Updated - September 6, 2019 1:05 PM EDT)
Reports were related to CDC briefing on the investigation into cases of pulmonary disease among people who use e-cigarettes. U.S. health authorities on Friday said two people had died in the states of Oregon and Indiana from lung illness that were... More
Behind the Scenes Push to End Philip Morris (PM)/Altria (MO) Marriage - Sources
September 6, 2019 11:46 AM EDTPhilip Morris (NYSE: PM) shares are down over 10% since rumors first surfaced that it was in talks with sister company Altria Group (NYSE: MO) about a re-merger. While the companies are trying to relay a message that the merger would be a great strategic move, behind the scenes several large shareholders are lobbying against the deal, sources said. The belief is that if Philip Morris abandoned the deal it... More
