|Bid||0.00 x 2900|
|Ask||0.00 x 1300|
|Day's range||51.75 - 53.02|
|52-week range||42.40 - 66.04|
|Beta (3Y monthly)||0.22|
|PE ratio (TTM)||16.10|
|Forward dividend & yield||3.20 (5.89%)|
|1y target est||N/A|
More than 100 public health and anti-tobacco organizations are calling on Facebook Inc, Instagram, Twitter and Snap Inc to take "swift action" to curb advertising of tobacco products on their platforms. The organizations' letter to the firms cited a recent Reuters report https://www.reuters.com/article/us-philipmorris-ecigs-instagram-exclusiv/exclusive-philip-morris-suspends-social-media-campaign-after-reuters-exposes-young-influencers-idUSKCN1SH02K documenting how cigarette maker Philip Morris International Inc has used young personalities on Instagram to sell a new "heated tobacco" product called IQOS. The groups said social media firms are not doing enough to regulate "influencers" on their platforms who are hired by companies to promote nicotine products.
Altria Group stock has lagged both the market and big tobacco peer Philip Morris this year, but Wells Fargo argues that the stock has been oversold, creating a good entry point for investors.
Senate Majority Leader Mitch McConnell, whose home state of Kentucky was long one of the nation's leading tobacco producers, introduced bipartisan legislation Monday to raise the minimum age for buying any tobacco products from 18 to 21. The chamber's top Republican, who said he was making enactment of the bill "one of my highest priorities," issued his proposal at a time when the use of e-cigarettes is growing and underage vaping has soared, raising concerns by health expert s. The measure would apply to all tobacco products, e-cigarettes and vapor products and was co-sponsored by Sen. Tim Kaine, D-Va., whose state has also been a major tobacco producer. "Kentucky farmers don't want their children to get hooked on tobacco products while they're in middle school or high school any more than any parents anywhere want that to happen," McConnell said on the Senate floor.
Almost half of the people who followed Juul Labs Inc on Twitter last year were not old enough to legally purchase e-cigarettes in the United States, according to a study published on Monday. Researchers analyzed data collected in April 2018 on public followers of Juul’s Twitter account (@JUULvapor) with at least one public tweet. About 45 percent of those who followed Juul were 13 to 17 years old, according to the study published online in JAMA Pediatrics.
Almost half of the people who followed Juul Labs Inc on Twitter were not old enough to legally purchase e-cigarettes in the United States, according a study published on Monday. Researchers analyzed data collected in April 2018 on all public followers of Juul’s Twitter account (@JUULvapor) with at least one public tweet. About 45 percent of the individuals who followed Juul were 13 to 17 years old, according to the study in JAMA Pediatrics, published online on Monday.
Altria shareholders grilled CEO Howard Willard on his $12.8 billion bet on e-cigarette giant Juul at the company's annual shareholder meeting Thursday.
North Carolina's Attorney General filed a lawsuit against Juul Labs Inc on Wednesday, piling more pressure on the biggest U.S. e-cigarette maker that is already under intense scrutiny for its products' usage among teenagers. Josh Stein, the first state attorney general to sue Juul, said the company's targeted marketing towards youth, while downplaying the potential harm its products can cause, resulted in an "epidemic" of vaping among minors. Stein announced an investigation into Juul last October looking into its marketing practices and retail partners.
Cigarette maker Philip Morris International Inc has suspended a global social media marketing campaign in response to Reuters inquiries into the company’s use of young online personalities to sell its new "heated tobacco" device, including a 21-year-old woman in Russia. The company told Reuters of the decision late Friday, saying it had launched an internal investigation into marketing posts and photographs that Reuters sent to the company for comment earlier this week.
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WASHINGTON (AP) — The young models and the candy-colored graphics that helped propel Juul to the top of the e-cigarette market are gone. In their place are people like Carolyn, a 54-year-old former smoker featured in new TV commercials touting Juul as an alternative for middle-age smokers.
Investors value Canadian cannabis vendor Cronos Group at more than $5 billion, but it sold scarcely more than $5 million worth of pot in its March quarter.
When Canadian pot producer Cronos Group reports March quarter results, investors should brace for a disappointment.
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