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Angelica LaVito, CNBC.com’s Posts
Some patients have been reluctant to admit they vape, a critical piece of information for doctors to know.
New York state is suing e-cigarette giant Juul, accusing the company of targeting teens, downplaying the presence of nicotine and hooking a generation on e-cigarettes, Attorney General Letitia James announced Tuesday.
Trump administration officials in September said they were preparing to ban flavored e-cigarettes. The administration appears to be reconsidering the ban amid backlash. Vape shop owners say they would go out of business if they could not sell flavors.
The Trump administration plans to raise the vaping age to 21 “or so” as part of its plan to curb teen vaping, President Donald Trump told reporters outside the White House on Friday.
The Trump administration will announce its highly anticipated flavored e-cigarette policy “very soon,” President Donald Trump’s senior counselor Kellyanne Conway told reporters Wednesday.
CVS Health will close 22 “underperforming” drugstores early next year in addition to the 46 stores it shuttered earlier this year, the company said Wednesday in a regulatory filing.
Tobacco giant Altria said Thursday it has written down its $12.8 billion investment in troubled e-cigarette maker Juul by more than a third, recording a $4.5 billion pretax charge against its third-quarter earnings.
When e-cigarette market leader Juul removed its popular sweet flavors like mango and creme from stores last year, co-founder Adam Bowen said publicly the company was willing to take a cut in sales to “do the right thing and prevent underage use.”
Juul CEO K.C. Crosthwaite has replaced the company’s chief financial officer amid a management shake-up at the embattled e-cigarette maker, according to people familiar with the matter.
Walgreens Boots Alliance has laid off an undisclosed number of employees at its corporate headquarters as the drugstore chain cuts costs, the company said Monday.
Juul’s decision to halt the sales of most of its flavors will not deter the Trump administration’s plans to remove flavored e-cigarettes from the market, Health and Human Services Secretary Alex Azar told CNBC.
The U.S. vaping crisis helped tank merger talks between Philip Morris International and Altria, a top PMI executive said Thursday.
The Centers for Disease Control and Prevention is grappling with new cases of a deadly vaping lung disease every day, and the agency expects this week’s total number of illnesses to increase “considerably,” a top CDC official told Congress at a hearing Wednesday.
A House panel is requesting a slew of documents from Reynolds after the company ignored the committee’s request to stop advertising its e-cigarettes.
The chance that Altria writes down the value of its $12.8 billion investment in Juul has “increased materially” amid uncertainty around the e-cigarette industry, Fitch credit analysts say.