tobacco

The Food and Drug Administration released new guidelines Tuesday for manufacturers seeking approval to continue selling e-cigarettes, or vaping devices, and the liquids used in the devices to deliver nicotine.  What Happened Under FDA regulation of e-cigarettes that began in 2016,...

Achieve Life Sciences Inc (NASDAQ: ACHV) a company focused on nicotine addiction, announced positive results Tuesday from the ORCA-1 dose-selection trial of cytisinicline for smoking cessation. The primary endpoint was the reduction in daily smoking, a self-reported measure. Across all...

Shares of the big three tobacco stocks continued trading lower after Nielsen data published Tuesday showed a drop in cigarette sales for the four-week period ended May 18. Earlier Tuesday morning, Philip Morris International (NYSE: PM) said “World No Tabacco Day” should be “World...

Walmart Inc (NYSE: WMT) said Wednesday that it's raising the purchase age for tobacco products at its U.S. stores to 21 beginning July 1. The retailer's stock and Big Tobacco stocks were trading down Wednesday afternoon, although not drastically.  What Happened The move, which John...

Vireo Health International (OTC: VREOF) said Thursday that the United States Patent and Trademark Office has issued a Notice of Allowance for its patent application for less-harmful tobacco products infused with cannabinoids. What Happened The patent is titled "Tobacco Products with...

Dow Jones component and drugstore chain Walgreens Boots Alliance Inc (NASDAQ: WBA) said Tuesday it will only sell tobacco products to people over the age of 21 beginning Sept. 1. What Happened The legal age for purchasing tobacco products in the U.S. is 18, but Walgreens is setting its...

Senate Majority Leader Mitch McConnell said Thursday he’ll introduce legislation to raise the legal age to buy tobacco to 21. McConnell, a Republican who represents the traditional tobacco-producing state of Kentucky, said raising the age from 18 will be a top priority for the Senate when it...

The Federal Drug Administration threatened retail giants, convenience stores and gas stations with fines if they don't curb illegal tobacco sales to teens and minors, CNBC reported. What Happened Around half a dozen companies that sell tobacco products — including Walmart Inc (...

Altria Group Inc (NYSE: MO) plunged Tuesday after Food and Drug Administration Commissioner Scott Gottlieb said he's concerned about the slow pace of efforts to curb youth smoking. One market bull bought on the news. The Analyst  Bank of America Merrill Lynch analyst Lisa...

In an ongoing effort to better protect minors from risks posed by combustible inhalant products, the FDA announced Wednesday that it is looking to end the compliance policies that currently apply to flavored e-cigarettes and cigars. Why It’s Important The FDA said it's advancing a vision...

U.S. Food and Drug Commissioner Scott Gottlieb is resigning, The Washington Post reported Tuesday afternoon. Gottlieb, a physician, former banker and venture capitalist, had made youth vaping his focal issue on the FDA. A former advisor to pharmaceutical companies, Gottlieb was initially criticized...

Tobacco giants Altria Group Inc (NYSE: MO) and Philip Morris International Inc. (NYSE: PM) are raising prices on all of their cigarette brands, and investors should take this as a positive, according to Wells Fargo. The Analyst Wells Fargo's Bonnie Herzog maintains an Outperform rating on...

Altria Group Inc (NYSE: MO) announced a $12.8-billion minority stake in Juul Thursday. The stock has fallen since traders began digesting the deal, but many analysts maintain that the investment improves Altria’s positioning in a tough regulatory environment as consumer preferences shift....

Cigarette maker Altria Group Inc (NYSE: MO) reached an agreement with vape company Juul Labs in which the Marlboro parent company bought a 35-percent stake in Juul for $12.8 billion. CNBC reported Thursday that the deal includes a $2-billion dividend payment from Altria to Juul employees...

Legend has it that Lucky Strike cigarettes got their name because, back in the days before marijuana became illegal, the manufacturers added one marijuana cigarette in some packs. Whoever got the joint would get the “lucky strike." This legend is an easily debunked myth. But it seems...