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There’s been a major shakeup at JUUL Labs, the manufacturer of the most popular e-cigarette in the U.S. The company has announced that Kevin Burns, who apologized earlier this year for teens becoming addicted to vaping [read more here], has resigned, effective immediately. Altria Group, which at the end of 2018 invested $12.8 billion in […]
Juul is suspending much of its U.S. advertising as it fends off investigations tied to its role in allegedly hooking teens on flavored nicotine pods.
Sept 25- Philip Morris International has scrapped merger talks with Altria Group and will instead focus on the launch of its tobacco-heating product iQOS in the United States, the company said on Wednesday. Altria, though, has a 35% stake in U.S. marke…
U.S. stock futures point to some pressure at Wednesday’s open on Wall Street.
Sept 25- Philip Morris International Inc has abandoned merger talks with Altria Group Inc and will instead focus on the launch of its tobacco heating product iQOS in the United States, the company said on Wednesday. Altria has a 35% stake in U.S. marke…
Philip Morris and Altria end discussions of a merger to focus on a smoke-free future. Juul CEO Kevin Burns also has stepped down.
Philip Morris International and Altria have called off discussions to reunite the tobacco giants — a merger of equals that received a chilly reception from investors.
The company is eliminating some of it’s 3,900 employees, slowing hiring and reviewing its current job postings, CNBC has confirmed.
Massachusetts on Tuesday imposed a four-month ban on sales of all vaping products. The state will block all sales of e-cigarettes and supplies, both those used for tobacco and marijuana, which is legal in the state.