cigarettes

Walmart Inc. (NYSE: WMT) is removing cigarettes from its stores in several states following a long-running debate on whether to ban tobacco products from being sold. What Happened: According to a Wall Street Journal report citing unnamed “people familiar with the matter,” cigarettes are...

Each day, Benzinga takes a look back at a notable market-related moment that happened 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...

Philip Morris International Inc. (PMI) (NYSE: PM) has acquired OtiTopic, a Los Angeles-headquartered respiratory drug development company. The financial terms of the transaction were not disclosed. What Happened: OtiTopic was founded in 2012 and is focused on the development of Asprihale, a late-...

Tobacco company Philip Morris International (NYSE: PM) has announced a goal to cease cigarette sales in the U.K. within the next 10 years. What Happened: In an interview with the Daily Mail, CEO Jacek Olczak stated the company will replace its traditional cigarette product line with “modern...

Marlboro 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...

Benzinga’s weekly Stock Wars matches up two leaders in a major industry sector, with the goal of allowing readers to decide which company is the better investment. This week, the duel is between two tobacco industry titans: Altria Group Inc. (NYSE: MO) and Philip Morris International Inc. (...

An 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...

The 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...

Witi, 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...

Cigarette 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...

Cigarette 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...

Cigarette 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...

The Food and Drug Administration's proposal to enact a "maximum nicotine" rule by 2035 is a "good intervention" so long as consumers have alternatives, Philip Morris International Inc. (NYSE: PM) COO Jacek Olczak told Fox Business News in a Tuesday interview. What...

Tobacco and cigarette makers were trading mostly lower Wednesday morning after British American Tobacco PLC (NYSE: BTI) — the world's second-largest tobacco company —  issued a sales warning.  What Happened British American Tobacco said in a news release Wednesday...

Shares of the big three tobacco stocks continued trading lower after Nielsen data published Tuesday showed a drop in cigarette sales for the four-week period ended May 18. Earlier Tuesday morning, Philip Morris International (NYSE: PM) said “World No Tabacco Day” should be “World...