cigarettes

What Happened The U.S. Food and Drug Administration announced March 15 an Advance Notice of Proposed Rulemaking (ANPRM) to procure information to help set the maximum nicotine level for cigarettes to non-addictive levels. 22nd Century Group Inc (NYSE: XXII), Philip Morris International Inc. (NYSE...

Each day, Benzinga takes a look back at a notable market-related moment that happened on this date. What Happened On this day in 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....

The tax reform bill backed by Congressional Republicans could be ready for President Donald Trump's signature as early as Tuesday. If it becomes law, tax reform could benefit tobacco companies who pay high taxes like Altria Group Inc (NYSE: MO), according to Berenberg.  The...

“Altria, R.J. Reynolds Tobacco, Lorillard, and Philip Morris USA intentionally designed cigarettes to make them more addictive” — according to new ads sponsored by Altria Group Inc (NYSE: MO) and British American Tobacco PLC (ADR) (NYSE: BTI). Yes, it’s strategically...

It’s been a rough summer for the tobacco industry. After the U.S. Food and Drug Administration announced plans to limit nicotine intake, the New York City Council voted Thursday to raise the price of cigarettes, halve the number of licensed retailers and, in a move causing more widespread...

The U.S. Food and Drug Administration's policy shift on tobacco and nicotine regulation initially resulted in a 20-percent plunge in Altria Group Inc (NYSE: MO), the parent company of notable cigarette brands including Philip Morris. Needless to say, the FDA's crackdown on nicotine products is a...

Analysts warned investors Friday not to overreact to a Food and Drug Administration edict to cut nicotine in cigarettes to non-addictive levels, saying it actually may be good for Big Tobacco’s profits. Regardless, shares of cigarette manufacturers plummeted when the FDA announcement came...

Cigarette manufacturers plummeted Friday on news that the U.S. Food and Drug Administration would take steps to limit cigarette nicotine to non-addictive levels. “The overwhelming amount of death and disease attributable to tobacco is caused by addiction to cigarettes – the only legal...

Election Day 2016 could bring some big changes to the tobacco industry. Four states will take to the polls to vote on potential increases in state excise taxes on tobacco products, including California, Colorado, North Dakota and Missouri. These four states account for 15 percent of total U.S....

Morgan Stanley said British American Tobacco PLC (ADR) (NYSE: BTI)’s offer to buy Reynolds American, Inc. (NYSE: RAI) for $56.50 is constructive for long-term consolidation in the tobacco industry. “Our initial math on BAT's $56.50/share offer for RAI –16.3x LTM EV/EBITDA, 20...