April 18- U.S. Senate Majority leader Mitch McConnell said on Thursday he plans to introduce legislation to raise the minimum age for buying tobacco products, including vaping devices, to 21 from 18 to curb their "epidemic" use among teens. A 2015 study from the National Academy of Medicine found that among adults who became daily smokers, about 90 percent started...
April 18- U.S. Senate Majority leader Mitch McConnell said on Thursday he plans to introduce legislation to raise the minimum age for buying tobacco products, including vaping devices, to 21 from 18 to curb their "epidemic" use among teens. Unfortunately, it's reaching epidemic levels around the country, "the Republican Senator from Kentucky said in a statement.
April 18- U.S. Senate Majority leader Mitch McConnell said on Thursday he plans to introduce legislation to raise the minimum age to buy tobacco products to 21 from 18.. ID= C7912202-0742- 4 4 0 4- 8 7 7 5- 8 8 3 6 F 2 6 1 D D E F the bill, which will be introduced in May, will cover all tobacco products including vaping devices. Shares of Marlboro maker Altria Group Inc fell 3...
CAIRO, April 14- Egypt has signed an agreement with Euroclear, Europe's biggest settlement house for securities, to allow holders of its sovereign debt to clear transactions outside the country beginning in six months' time, its finance minister said. Mohamed Maait also told Reuters that Egypt hopes to announce a new sovereign debt issue by the end of September...
The agency cited high rates of violations in nearly identical letters sent to retailers last week.
April 8- Marlboro maker Altria Group said on Monday it has received a request for additional information on its investment in e-cigarette maker Juul Labs Inc from the U.S. Federal Trade Commission. Altria, which bought a 35 percent stake in Juul for $12.8 billion in December, is now looking to convert its non-voting stake in the company to voting shares as per the...
Philip Morris CEO André Calantzopoulos joins CNBC's "Squawk on the Street" team in an exclusive interview to discuss why the company is telling consumers to "unsmoke" ahead of a new product launch.
Jim Cramer says if he had to pick a tobacco stock, he'd buy Altria as the company takes aggressive moves to offset the secular decline in smoking.
CNBC's Aditi Roy reports on e-cigarette maker Juul's new hire of one of its most prominent critics.
Tobacco stocks dipped Wednesday after the FDA announced it's investigating nearly three dozen cases of people experiencing seizures after vaping.
Between 2010 and 2019, the FDA received 35 reports of people having seizures after using e-cigarettes. The cause of the seizures is unclear.
March 20- Vaping products supplier Greenlane Holdings Inc filed for an initial public offering with U.S. regulators on Wednesday, in the backdrop of both growing investor interest and rising regulatory scrutiny into the e-cigarette industry. Marlboro maker Altria Group this year bought a 35 percent stake in Juul Labs for $12.8 billion.
San Francisco officials proposed legislation that would ban the sale of e-cigarettes until a review by the U.S. Food and Drug Administration.
Inexplicably, the FDA has failed to do its job when it comes to e-cigarettes, "City Attorney Dennis Herrera said. The proposal also mandated makers of e-cigarette products to submit a formal application to the FDA by August 2021 in order to keep selling them, a year earlier than previously proposed. FDA commissioner Scott Gottlieb said on Tuesday that the...
FDA Commissioner Dr. Scott Gottlieb joins "Squawk Box" to discuss what will happen to his initiative to crack down on youth e-cigarette use once he leaves the position.
The proposal would allow traditional retailers such as convenience stores to sell tobacco, mint and menthol e-cigarettes, which the FDA says are more popular among adults than minors. "The FDA did this in a fashion that's going to allow us to put in place additional restrictions if the youth rates continue to grow," Gottlieb said. Under the proposal, makers of...
March 13- The U.S. Food and Drug Administration on Wednesday issued draft guidelines to restrict sales of certain e-cigarette flavors. Shares of tobacco companies Altria group and Philip Morris International were marginally down in early trading. The agency had said in November that it plans to restrict the sale of all other flavors, excluding tobacco, mint...
The Food and Drug Administration is outlining requirements for most flavored e-cigarettes to remain on the market. The FDA would reserve the right to push companies to comply or remove their products from shelves. FDA Commissioner Scott Gottlieb is moving up the review deadline for flavors except mint, menthol and tobacco. CNBC's Bertha Coombs reports the details.
Altria investors don't seem to like the prospects for the cigarette maker under the new acting FDA commissioner.
A search for yield has led to greater popularity of alternative approaches in bond investing. Yet they may be less popular among financial advisors due to lack of awareness, lack of promotion and amount of research needed to use them successfully.
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