Altria agreed to buy e-cigarette maker NJOY for $2.75 billion in cash as the Marlboro maker looks to strengthen its portfolio of smoke-free products. The deal for privately held NJOY, one of the few e...
Tag: Vaping
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 ...
What Politicians Get Wrong In Their Efforts To Curb Smoking And Vaping
This episode of What’s Ahead examines how in recent years public health officials and politicians have both been doing more harm than good in battling cigarette smoking. The latest example is New York...
State Lawmakers Seek To Stop Local Flavor Prohibitions
Ohio lawmakers passed a legislation to block locally-imposed prohibitions on flavored vape & tobacco … [+] products like the one enacted in Columbus. getty While the Biden White House contin...
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...
Steve Forbes Blasts FDA Vaping Rule
To hear the FDA and other public health officials tell it, you’d think e-cigarettes are as lethal as the traditional tobacco kind. As this segment of What’s Ahead explains, the opposite is true. The o...
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...
China’s Vaping Queen Sees Fortune Plunge 65% After Chinese Government Probe
Chu Lam Yiu, co-chair of Huabao International. IMAGINECHINA Chinese e-cigarette billionaire Chu Lam Yiu is under investigation from Chinese authorities, causing shares of her company, Hong Kong-listed...