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Tag: Altria Group Inc

Trump to meet with tobacco execs, vaping advocates, health groups

Nick Gregory, a 26-year-old manager, vapes on a JUUL at Botany Bay in Lexington, Ky. Charles Bertram | Tribune News Service | Getty Images Tobacco executives, vaping industry representatives and public health leaders are scheduled to meet with President Donald Trump at the White House on Friday afternoon as the administration weighs banning flavored e-cigarettes …

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Sharp divides on how to reverse teen vaping epidemic

Senator Mitt Romney (R-Utah) speaks as President Donald Trump listens during a cabinet meeting at the White House on November 22, 2019 in Washington, DC. Brendan Smialowski | AFP | Getty Images President Donald Trump raised his concern about the possible negative consequences of banning flavored e-cigarettes during an at-times hostile meeting on Friday with …

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Juul to cut 650 jobs, slash $1 billion in costs

Juul will cut 650 jobs, up from the previously planned 500 jobs, as it slashes nearly $1 billion in costs next year, a company official said Tuesday. The job cuts represent 16% of Juul’s 4,051 employees. The fast-growing start-up had been hiring about 300 employees a month. Juul will cut marketing spending as the company …

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Altria, Bristol-Myers Squibb, Generac, Apple and more

Check out the companies making headlines before the bell: Altria (MO) – The tobacco producer beat estimates by 4 cents with adjusted quarterly profit of $1.19 per share, 4 cents above estimates, with revenue also beating forecasts. Altria also took a $4.5 billion writedown on its investment in e-cigarette maker Juul, on the possibility of …

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