cigarettes

Shares of Cronos Group Inc (NASDAQ: CRON) soared 25 percent Friday morning after the Canada-based cannabis company confirmed it received a C$2.4 billion ($1.8 billion) investment from cigarette company Altria Group Inc (NYSE: MO). Rumors of a potential acquisition between the two companies were...

Shares of Canada-based Cronos Group Inc (NASDAQ: CRON) soared higher by 25 percent Monday after Reuters reported the cannabis company could be an acquisition target. What Happened Cigarette maker Altria Group Inc (NYSE: MO) is in early talks to buy Cronos as part of a strategy to diversify itself...

Shares of cigarette maker Philip Morris International Inc. (NYSE: PM) have underperformed the broader market over the past year, but the stock is now trading at an attractive level, according to Argus. The Analyst Analyst David Coleman upgraded Philip Morris from Hold to Buy with a new $...

Philip 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...

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...