tobacco

On Tuesday, U.S. markets closed with mixed results. The Dow Jones Industrial Average remained nearly unchanged at 42,924.89, while the S&P 500 slipped slightly by 0.05% to 5,851.20. The Nasdaq, however, gained 0.2%, finishing at 18,573.13. Despite the overall market performance, certain stocks...

Investors navigating the dynamic tobacco industry often find themselves at a crossroads with two major players: Altria Group Inc (NYSE:MO) and British American Tobacco PLC (NYSE:BTI) aka BAT. As global trends, regulations and consumer preferences evolve, strategic insights into Altria and BAT are...

A Chinese marathon runner nicknamed the “Smoking Brother” completed a 26-mile race in about three and a half hours only to be disqualified for chain-smoking the entire way. What Happened: According to a DailyMail report, a 52-year-old Chinese man named “Uncle Chen” completed...

As concerns rise over the increasing use of vapes among non-smokers and the younger generation, the vaping industry is facing potential regulatory scrutiny. Governments worldwide are contemplating restrictions on disposable vape sales, putting the future of the industry in limbo. What Happened: A...

In a recent development, the American Cancer Society has widened its lung cancer screening guidelines. This change could potentially result in an additional five million U.S. adults being screened each year. What Happened: As reported by Fortune, the American Cancer Society has revised its lung...

The chart explores the capital intensity of cannabis compared to four other industries thought to be likely suitors for cannabis companies upon federal legalization: Tobacco, Alcoholic Beverages, Pharmaceuticals, and Consumer Products. In the chart, the cannabis group comprises the nine MSOs with...

Key Takeaways: Huabao’s chairman Zhu Linyao reappeared last week after more than a year under house arrest The tobacco flavoring company’s CFO Choy Man Har was detained just days later by Hong Kong’s anti-corruption watchdog By Edith Terry When it comes to feasting on China...

Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened: On Jan. 11, 1964, the U.S. government issued its first health warning against cigarettes. Where Was The Market: The S&P 500 traded around 76.45 and the Dow traded near 766.08. What...

The U.S. Food and Drug Administration (FDA) is set to announce it will ban Juul brand e-cigarettes in the country, wiping away a significant chunk of the $21.63 billion industry of which Juul owns 41%, according to the Wall Street Journal. Shares of Altria Group Inc (NYSE: MO), which owns a 35...

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Kaival Brands has recently begun in-house production of the revolutionary Bidi Pouch, with views towards commercializing it from...

Marlboro cigarette maker Philip Morris International Inc. (NYSE: PM) announced Friday a deal that would give a further thrust to its "Beyond Nicotine" strategy. The Philip Morris-Vectura Deal Terms: New York-based Philip Morris said it has agreed with the board of Vectura Group plc (OTC...

Truck drivers transported loads of contraband tobacco from North Carolina to Mohawk territory in New York and returned with bags of cash and counterfeit cigarettes as part of a U.S.-Canada smuggling ring that evaded nearly $700 million in taxes, according to federal prosecutors. It lasted for nine...

There’s no question Americans are facing unprecedented stresses these days. Data suggests some Americans are relying on vices such as alcohol, tobacco and cannabis to get through the health crisis. At the same time, gamblers have been driven online for the time being due to casino closures....

An Altria Group (NYSE: MO) said in a Thursday 8-K filing that CEO Howard Willard has contracted the coronavirus and will take medical leave. Altria CFO William Gifford will take over as CEO until Willard returns.  On Thursday, Altria also reported the temporary suspension of operations at its...

The bullish case for Cronos Group Inc (NASDAQ: CRON)(TSX:CRON) has come to an end after the company requested an extension to its earnings release, according to Stifel. The Cronos Analyst W. Andrew Carter downgraded Cronos Group from Buy to Hold with a price target lowered from CA$12 to CA$8. The...