|Bid||0.00 x 1400|
|Ask||0.00 x 800|
|Day's Range||57.15 - 58.83|
|52 Week Range||53.91 - 74.38|
|Beta (3Y Monthly)||-0.06|
|PE Ratio (TTM)||10.29|
|Earnings Date||Jan 30, 2019 - Feb 4, 2019|
|Forward Dividend & Yield||3.20 (5.05%)|
|1y Target Est||67.62|
The FDA is planning to ban menthol cigarettes. A record number of U.S. citizens applied for asylum in Canada last year. The veteran involved in scamming people out of $400,000 is missing. Hidden Valley is releasing a $25 magnum of ranch. Yahoo Finance's Adam Shapiro discusses.
In a major new effort to curb smoking, a top U.S. health official pledged Thursday to try to ban menthol cigarettes and flavored cigars and tighten rules governing the sale of most flavored versions of electronic cigarettes. The proposed restrictions were aimed mainly at reducing smoking in kids: About half of teens who smoke cigarettes choose menthols, and flavored e-cigarettes have been blamed for a recent increase in teen vaping rates. "I will not allow a generation of children to become addicted to nicotine through e-cigarettes," Scott Gottlieb, commissioner of the Food and Drug Administration, said in a statement.
The U.S. Food and Drug Administration on Thursday announced sweeping new restrictions on flavored tobacco products, including electronic cigarettes popular among teenagers in an effort to prevent a new generation of nicotine addicts. The much-anticipated announcement will mean that only tobacco, mint and menthol e-cigarette flavors can be sold at most traditional retail outlets such as convenience stores. The FDA also plans to seek a ban on menthol cigarettes, a longtime goal of public health advocates, as well as flavored cigars.
Today, Murray Garnick, Executive Vice President and General Counsel, Altria Group, Inc., issued the following statement in response to FDA’s announcements:
U.S. Food and Drug Administration Commissioner Scott Gottlieb announced on Thursday plans to ban menthol in products like cigarettes and cigars and restrict the sale of many types of flavored electronic nicotine systems like e-cigarettes in order to prevent youth use. The news sent shares of tobacco companies, many of whom also make electronic systems, down. Gottlieb also proposed banning flavored cigars "to ensure that we're taking a comprehensive approach," he said. Use of e-cigarettes has become extremely popular in recent years among young people; the products are safer than e-cigarettes but do contain addictive nicotine and bear other health concerns. The FDA chief has been warning about youth use of e-cigarettes for some time, and previously forecasted the agency's plans to take additional steps in November. But Gottlieb also said on Thursday that "if the policy changes that we have outlined don't reverse this epidemic, and if the manufacturers don't do their part to help advance this cause, I'll explore additional actions." The new policy, should it be finalized, would only allow the sale of flavored electronic nicotine systems in "age-restricted, in-person locations and, if sold online, under heightened practices for age verification," according to the FDA statement, and would not apply to tobacco, mint and menthol flavors and non-flavored products. British American Tobacco shares dropped 2.3% on Thursday, Altria Group shares dropped 1.3% and Philip Morris shares slumped 0.5%.
Food and Drug Administration Commissioner Scott Gottlieb outlined a slew of policies, including restrictions on sales of flavored e-cigarettes, and essentially threatened to pull products from the market if manufacturers do not follow them.
E-cigarette startup Juul Labs Inc. said it is shutting down its Facebook and Instagram accounts and curbing its use of other social media in the U.S., part of the company’s response to the Food and Drug Administration’s call for changes to curb underage e-cigarette use. Sales of Juul’s vaporizers and flavored nicotine liquids have surged over the past year, fueled in part by the product’s popularity among teenagers and children. Its rapid growth was helped by the San Francisco company’s use of social media to advertise its products as well as by user-generated posts that glamorized Juul.
It was a long time coming, but the $15 billion startup that had 70% market share of the e-cig industry has faced the consequences.
Juul Labs Inc, the U.S. market leader for electronic cigarettes, said on Tuesday it will pull popular flavors such as mango, cucumber and fruit from retail store shelves in an effort to reduce surging teenage use of its products. The move comes as Juul and other e-cigarette makers have faced heightened scrutiny from the U.S. Food and Drug Administration amid a sharp increase by high school students in use of the devices, which look like a USB flash drive and vaporize a flavored liquid containing nicotine. Juul said it will stop selling flavors except for tobacco, mint and menthol in all retail outlets, including convenience stores and vape shops, until retailers can install technology that scans buyers' IDs to independently verify they are aged 21 or older.
The Food and Drug Administration is set on introducing restrictions on the sale of electronic cigarettes, including prohibiting most flavored products in convenience stores and gas stations, The Washington Post reported Nov. 8. The Wall Street Journal followed up with its own report Friday that said the FDA could propose a ban on menthol cigarettes.
The move comes as Juul and other e-cigarette makers have faced heightened scrutiny from the U.S. Food and Drug Administration amid a sharp increase in high school use of the devices, which look like a USB flash drive and vaporize a flavoured liquid containing nicotine.
Juul announced Tuesday it would halt sales of its flavored e-cigarettes at retail locations and reduce its presence on social media.