Tobacco

Joining us on the show to discuss about the potential future of the e-cigarette industry and how likely it will be regulated is former FDA Commissioner, Scott Gottlieb.

Philip Morris and Altria are in talks to merge which would be a deal that would bring back together two companies facing declining demand. Frank Holland reports.

Philip Morris International is in discussions with Altria about a possible all-stock, merger of equals, the tobacco giants announced Tuesday.

Even though fewer Americans smoke cigarettes, shares of tobacco companies have been smoking hot.

Smoking costs the average smoker at least $1.1 million over a lifetime, according to a WalletHub analysis, the Detroit Free Press reported. Alaska had the highest total cost per smoker at a little more than $2 million, the report found. To read the full Free Press story, click here.

Word that the United States and Cuba will be easing a trade embargo that has existed between the countries for more than half a century lit up interest in one industry perhaps more than any other: premium cigars. But tobacco insiders said it’s not likely that Americans will be firing up their “Cubans” right away. “It …

Reynolds American agreed on Tuesday to acquire rival tobacco company Lorillard for $27.4 billion, a transaction that will bring the number of major U.S. tobacco companies from three to two. Under the deal, Reynolds agreed to pay $68.88 a share in cash and stock, presenting a premium of 2.5 percent to Lorillard’s Monday closing. (Click here to see the latest …

In a move hailed by President Barack Obama, CVS Caremark said Wednesday it is getting out of the business of selling cigarettes, a decision that will cost its retail division $2 billion in annual sales. “We made this decision as a business decision because we are positioning ourselves as a health-care company,” said Helena Foulkes, CVS/pharmacy president. …