tobacco

What 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...

The U.S. Food and Drug Administration is holding its Center for Tobacco Products meeting this week, and it could be a very important week for tobacco investors. Height Securities analyst Stefanie Miller said Wednesday this week could mark the first steps in a decade-long transition in the tobacco...

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...

Where have we seen this movie before? It was “Thank You For Smoking,” a barbed satire based on a Christopher Buckley novel about the government’s attempt to rein in the cigarette trade by forcing Big Tobacco to put a skull and crossbones on every pack. Since that movie came out in...

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...

If Hollywood still mandates what’s cool and what’s not, a challenge may be looming for tobacco adversaries. Studies reveal the reemergence of cigarettes as a common prop, sagging from the mouths of America’s cultural icons. Tobacco incidents in top-grossing movies increased 72...

The coming days will see four tobacco majors reporting their quarterly numbers amid an industry that is witnessing a consolidation. Altria Group Inc (NYSE: MO) will report its earnings on February 1. Wall Street expects EPS of $0.67 on revenue of $4.8 billion. The company’s earnings have...

The global tobacco industry saw a major shift in the competitive landscape this week after British American Tobacco p.l.c. (NYSE: BTI) reached an agreement to acquire the remaining 57.8 percent stake of Reynolds American Inc. (NYSE: RAI) it didn't already own. British American stated that...

The $49 billion purchase by British American Tobacco PLC (ADR) (NYSE: BTI) of the remaining stake available in Reynolds American, Inc. (NYSE: RAI) comes in a tobacco market that’s a lot less hazy than before, with leading manufacturers investing in alternatives to the traditional cigarette....

Jefferies said in a note released on Monday that British American Tobacco PLC (ADR) (NYSE: BTI)'s acquisition of Reynolds American, Inc. (NYSE: RAI) makes the former its preferred global tobacco play. British American Tobacco To Re-Rate After Deal The note was written ahead of the deal...

British American Tobacco PLC (ADR) (NYSE: BTI) picked an ideal time back in October to acquire the remaining stake in Reynolds American, Inc. (NYSE: RAI) it already didn't own. The only problem is Reynolds rejected the offer on Monday. Reynolds stock lost close to 1 percent on Monday but was...

After a 2012 attempt went up in smoke, California finally got around to vote for a measure that could curb smoking and tobacco consumption. Voters in the state supported a $2 tax on each pack of cigarettes, other tobacco products and e-cigarettes. This would bring up the taxes on a pack of...

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....