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Tobacco Giant Philip Morris Partners With KT&G As Part Of Its 'Smoke-Free Future' Agenda
Wednesday, January 29, 2020 - 4:30am | 318Switzerland-based tobacco company Philip Morris International Inc. (NYSE: PM) has announced its partnership with South Korea's KT&G Corporation's (OTC: KTCIF) and its plans to distribute vape products outside the country. What Happened The tobacco giant, best known for its...
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Which Tobacco Companies Are Most Exposed To E-Cigarette Headwinds?
Wednesday, November 27, 2019 - 3:05pm | 887With the e-cigarette industry continuing to face fallout from illnesses and deaths linked to vaping, and the regulatory future of the business up in the air, here's a look at which public companies are most exposed to changes in the e-cigarette landscape. More than 45 lung injury deaths...
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FDA Issues Guidelines for E-Cig Makers Seeking Approval Of Vape Devices
Tuesday, June 11, 2019 - 2:55pm | 517The 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,...
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Philip Morris' Weakness In Japan, South Korea Sparks Cowen Downgrade
Friday, July 20, 2018 - 2:09pm | 425Philip Morris International Inc. (NYSE: PM) reported second-quarter results Thursday that prompted Cowen drop its bullish stance on the cigarette maker. The Analyst Cowen's Vivien Azer downgraded Philip Morris from Outperform to Market Perform with a price target lowered...
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What To Make Of The FDA Vote That Rocked Philip Morris
Thursday, January 25, 2018 - 4:26pm | 442What Happened Philip Morris International Inc. (NYSE: PM) plummeted 6 percent intraday Thursday after the U.S. Food and Drug Administration’s Tobacco Products Scientific Advisory Committee rejected one of two claims surrounding its modified risk tobacco product. Why It's Important...