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Why Is Marlboro-Maker Altria's Stock Ticking Higher Today?
Tuesday, April 29, 2025 - 12:06pm | 387Altria Group Inc (NYSE:MO) shares are trading higher on Tuesday after the first-quarter full-year 2025 earnings. The company reported a first-quarter FY25 sales decline of 5.7% year-on-year to $5.26 billion, beating the analyst consensus estimate of $4.62 billion. The decrease in revenue was...
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Philip Morris Analyst Raises Forecasts Ahead Of Q3 Earnings, But 'Consumer Elasticities Remain A Risk'
Wednesday, September 25, 2024 - 1:08pm | 322Tobacco giant Philip Morris International Inc. (NYSE:PM) invested $232 million to expand its Kentucky facility. Goldman Sachs analyst Bonnie Herzog expects the Marlboro parent company to report strong results for its fiscal third quarter on Oct. 22. Herzog reiterated a Buy rating and raised the...
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Some Breather For E-Cigarette Maker Juul As FDA Reconsiders Marketing Denials Issued Two Years Ago
Thursday, June 6, 2024 - 2:08pm | 505The FDA has rescinded the marketing denial orders (MDOs) issued to JUUL Labs Inc., partially due to new case law and further information provided by JUUL. This rescission returns the applications to pending status and does not indicate whether they will be authorized or denied. The FDA continues...
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Biden Government Again Missed Menthol Cigarettes Ban Deadline, Lawsuit Challenges FDA's Delay
Tuesday, April 2, 2024 - 2:56pm | 494The FDA’s proposal to ban menthol-flavored cigarettes in the United States is facing another setback as White House officials have missed yet another deadline for the final ruling on the ban. Menthol cigarettes, which make up a third of the industry’s market share in the...
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Altria Vs. British American Tobacco: Which Stock Is Smoking Hot Right Now?
Thursday, February 1, 2024 - 2:46pm | 686Investors 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...
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Chinese Man Disqualified From Marathon For Chain-Smoking Cigarettes During The Race
Wednesday, January 24, 2024 - 7:22pm | 495A 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...
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Snus: Sweden's Revolutionary Tobacco Product That Could Eradicate Smoking
Sunday, May 28, 2023 - 5:33pm | 423By Lucía Tedesco via El Planteo. Sweden seeks to eradicate smoking by means of snus, a product that contains tobacco but without combustion. In the U.S., it is basically known as nicotine pouches. The smoking rate in Sweden is the lowest in Europe (between 5 and 6%) and the percentage is...
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Surgeon General First Warns Of Smoking Hazard On This Day In Market History
Wednesday, January 11, 2023 - 12:23pm | 333Benzinga 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...
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Philip Morris To Buy UK Drug Company Vectura For $1.2B As Part Of 'Beyond Nicotine' Push
Friday, July 9, 2021 - 3:01pm | 452Marlboro 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...
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Altria CEO Howard Willard Contracts Coronavirus, Takes Medical Leave
Friday, March 20, 2020 - 8:23am | 237An 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...
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Congress Passes Spending Bill That Raises Tobacco, E-Cigarette Buying Age To 21
Thursday, December 19, 2019 - 3:28pm | 554The age for buying tobacco and e-cigarettes will rise from 18 to 21 in the United States under a budget measure passed by Congress Thursday. Trump Plans To Sign Bill The measure, the most dramatic change in the tobacco product law in more than a decade, is part of a $1.4-trillion...
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Witi, Perrigo Partner To Help Smokers Overcome Nicotine Addiction
Thursday, November 7, 2019 - 2:09pm | 425Witi, a producer of medical-grade vaporization devices, announced Thursday it has partnered with Perrigo (NYSE: PRGO) to create a new smoking cessation product. The two companies plan to work on an electronic nicotine delivery system that would later be submitted for approval by the FDA...
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Altria Takes $4.5B Writedown On Juul Investment
Thursday, October 31, 2019 - 11:06am | 390Cigarette and tobacco company Altria Group Inc (NYSE: MO) said in conjunction with its third-quarter report that it took a $4.5-billion pretax charge against its earnings from its investment in e-cigarette maker Juul. What Happened Altria said in its earnings release that a decision to...
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Altria, Philip Morris Discuss Reunion Merger: Analyst Says Deal Makes 'Strategic Sense'
Tuesday, August 27, 2019 - 12:49pm | 357Cigarette maker Philip Morris International Inc. (NYSE: PM) said Tuesday it's in discussions about the possibility of reuniting with industry leader Altria Group, Inc. (NYSE: MO) in a possible blocbuster all-stock merger that would create a massive $200-billion-plus company...
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UBS Looks At The Good And Bad From Altria's Q2
Tuesday, July 30, 2019 - 1:37pm | 303Cigarette company Altria Group Inc (NYSE: MO) reported second-quarter results that showed mixed trends, according to UBS. The Analyst UBS analyst Robert Rampton maintains a Neutral rating on Altria with a $52 price target. The Thesis Altria's quarter was highlighted by better-than-expected...