FDA floats plan to make cigarettes nonaddictive, but its fate rests with Trump
Read full article: FDA floats plan to make cigarettes nonaddictive, but its fate rests with TrumpThe Biden administration is floating a long-awaited proposal to make cigarettes less addictive by capping their nicotine levels.
Altria invests $2.75B in rival startup NJOY after Juul exit
Read full article: Altria invests $2.75B in rival startup NJOY after Juul exitDays after exiting its stake in troubled electronic cigarette maker Juul Labs, Altria announced a $2.75 billion investment in electronic cigarette startup NJOY Holdings Inc. As part of the deal, tobacco company Altria Group Inc., which makes Marlboro cigarettes, will have full global ownership of NJOYโs e-vapor product portfolio, including pod-based e-vapor product NJOY ACE.

Juul to stop selling many flavors in US
Read full article: Juul to stop selling many flavors in USAltria's big investment in Juul isn't looking so hot now amid growing concerns about health risks tied to vaping and a broad regulatory crackdown on e-cigarettes. But the tobacco giant is unlikely to give up on Juul anytime soon. (CNN) - Leading e-cigarette company Juul Labs will stop selling several flavored products in the United States, the company announced Thursday. This latest move comes after the Trump Administration announced the US Food and Drug Administration would issue guidance that would remove flavors from the market. It also comes amid efforts to ban the sale of flavored products in some states.

Big Tobacco survived a crackdown
Read full article: Big Tobacco survived a crackdownAltria's big investment in Juul isn't looking so hot now amid growing concerns about health risks tied to vaping and a broad regulatory crackdown on e-cigarettes. (CNN) - Altria's big investment in Juul isn't looking so hot now amid growing concerns about health risks tied to vaping and a broad regulatory crackdown on e-cigarettes. Tobacco cigarette sales fell 3% to $59.3 billion during the same time period. Altria CEO Howard Willard admitted as much in a speech at The Global Tobacco & Nicotine Forum conference in Washington on Wednesday. But Altria has other non-traditional products in store even if there is a further crackdown on Juul and vaping.

British tobacco group says US vaping crackdown hurting its business
Read full article: British tobacco group says US vaping crackdown hurting its businessImperial Brands warned Thursday that sales growth will be lower than expected in the year ending September 30, following a regulatory crackdown on vaping products in the United States. According to the company's most recent annual report, sales of vaping products "grew substantially" to reach 200 million ($250 million) in 2018. Yet that translated to just 2.6% of its total revenue of 7.7 billion ($9.5 billion) from vaping products and traditional tobacco brands such as Salem and Kool. The crackdown on products that tobacco companies view as the future of the industry represents a rapid reversal. Last week, US retail giant Walmart announced that it would no longer sell vaping products.

Altria, Philip Morris end plans to reunite
Read full article: Altria, Philip Morris end plans to reuniteAltria and Philip Morris had announced in late August that they were considering a merger. Altria and Philip Morris broke up in 2007. Philip Morris has repeatedly said it hopes to one day to no longer sell traditional cigarettes. Altria, in addition to its Juul stake, already has a deal with Philip Morris to sell iQOS devices in the United States. Still, Philip Morris and Altria said Wednesday they remain committed to their iQOS partnership.

Juul replaces CEO as vaping crisis escalates
Read full article: Juul replaces CEO as vaping crisis escalatesScott Olson/Getty Images(CNN) - Juul co-founder Kevin Burns is out as CEO of the embattled maker of e-cigarettes, the company announced Wednesday. Crosthwaite, who had been chief growth officer at tobacco company Altria, a major investor in Juul. Juul and other makers of vaping products are facing a crisis due to a growing number of deaths and illnesses tied to their products. The company also said Wednesday it has a new marketing strategy: It will suspend all TV, print and digital ads and it will stop some of its lobbying efforts. The-CNN-Wire & 2019 Cable News Network, Inc., a Time Warner Company.

Altria, Philip Morris in talks about reuniting
Read full article: Altria, Philip Morris in talks about reunitingScott Olson/Getty Images(CNN) - Philip Morris International and Altria which used to be one, giant tobacco company may merge once again. Both companies sell the Marlboro brand: Philip Morris sells tobacco products internationally and Altria does business in the United States. Philip Morris is currently valued at about $115 billion, while Altria has a market capitalization of over $85 billion. Philip Morris has repeatedly said it hopes to one day to no longer sell traditional cigarettes. Philip Morris and Altria's reunification would mirror that of the media titans Viacom and CBS, which recently agreed to reunite after a decade-long split.
