A recent deal by Altria Group involving its stake in Juul Labs could pave the way for the sale of the cigarette maker’s $11 billion interest in Anheuser-Busch Inbev Altria (ticker: MO) last week swapp...
Tag: Juul
Altria deepens push into vape biz with two deals
Altria Group Inc. said Monday it would buy e-vapor company NJOY Holdings Inc. for $2.75 billion in cash, its second deal in recent days in the smokeless-tobacco space. Altria MO, +0.59% said the trans...
Altria exits vaping group Juul after stake plummets in value
Marlboro maker Altria has swapped its minority stake in Juul Labs for intellectual property rights to some of the e-cigarette company’s heated tobacco prototypes, ending an investment which plummeted ...
Juul will pay $1.2 billion to settle multiple youth-vaping lawsuits
Juul has faced numerous lawsuits over the past few years, accusing the company of targeting underage users with its marketing and sales tactics. Now, according to Bloomberg, Juul has agreed to pay $1....
Juul To Pay $1.2 Billion To Settle Youth-Vaping Lawsuits
Topline Juul Labs Inc. has agreed to pay $1.2 billion to resolve an estimated 10,000 lawsuits claiming the company has been a catalyst for the youth-vaping epidemic in the U.S., according to Bloomberg...
Juul strikes financing deal, plans to cut 30% of jobs to dodge bankruptcy
Packages of Juul e-cigarettes are displayed for sale in the Brazil Outlet shop on June 22, 2022 in Los Angeles, California. Mario Tama | Getty Images Juul Labs said Thursday it secured financing from ...
Altria and Juul end noncompete deal: Here’s what that means for e-cigarette sales and marketing
Altria Group Inc. said Friday it has taken a step that extricates it from its noncompete arrangement with vaping company Juul Labs Inc., freeing both companies to pursue their own strategies. In a reg...
Altria to Invest in Rival Vaping Products. Ends Noncompete Agreement With Juul.
Altria on Friday said it’s looking to end its noncompete agreement with Juul, the e-cigarette maker in which it owns a stake. This will give the maker of Marlboro cigarettes a chance to start up its o...
Juul To Pay $438 Million To Settle Probe Into Underage Marketing Scheme
Topline Electronic cigarette giant Juul Labs agreed to pay $438.5 million on Tuesday to settle a lawsuit brought by 33 states and Puerto Rico, ending a two-year investigation into claims the company m...
Juul seeks to extend stay on FDA ban, citing inadequate evaluation
A sign advertising Juul brand vaping products is seen outside a shop in New York City, February 6, 2019. Mike Segar | Reuters Juul Labs is seeking to extend a temporary stay on the Food and Drug Admin...
Appeals Court Halts Ban On Juul Vaping Products—For Now
Topline A federal appeals court issued a temporary stay Friday blocking a nationwide ban on Juul Labs’ electronic cigarette products, just a day after the Food and Drug Administration ordered Ju...
FDA Bans All Juul Products In The United States
Getty Images Key takeaways On Thursday, the FDA officially banned all Juul products in the United States on concerns of its impact on youth nicotine use Juul plans to file a stay and appeal the ruling...
Is Altria Stock a Buy Despite FDA Plans to Take JUUL Products off the Market? Analyst Weighs In
Altria (MO) investors got smoke in their eyes on Wednesday, seeing the shares shed 9% in the session. The decline came on account of a report stating the FDA is readying to order Juul to pull its vapo...
Juul e-cigarette ban: here’s what former FDA boss Dr Gottlieb has to say
Juul Labs is in focus on Thursday after the Food and Drug Administration barred it from selling its e-cigarettes in the United States. Former FDA commissioner reacts to the news on CNBC Yet, e-cigaret...