• Financial Times

    America’s bankers: Uncle Sam picks his advisers

    In a world crippled by an epic healthcare crisis and without any real mergers and acquisitions, the most coveted mandates for Wall Street advisory firms are the ones being handed out by Uncle Sam. PJT Partners, Moelis & Co and Perella Weinberg, three leading boutique investment banks, were selected on Thursday by US Treasury secretary Steven Mnuchin to help the federal government administer the $50bn rescue package for the airline and aerospace industry. For instance: Roger Altman, the founder of boutique adviser Evercore, had been rumoured as a potential lead administrator of Boeing’s bailout programme.

  • Feds seek breakup of Altria-Juul deal on antitrust grounds
    Associated Press

    Feds seek breakup of Altria-Juul deal on antitrust grounds

    U.S. business regulators are suing to break up the multibillion-dollar deal between tobacco giant Altria and e-cigarette startup Juul Labs, saying their partnership amounted to an agreement not to compete in the U.S. vaping market. The action announced late Wednesday by the Federal Trade Commission is the latest legal headwind against Altria's investment in the embattled vaping company. Juul sales have been sliding for months amid state and federal investigations, lawsuits and flavor restrictions aimed at curbing the recent explosion in teen vaping.

  • Implied Volatility Surging for Corbus (CRBP) Stock Options
    Zacks

    Implied Volatility Surging for Corbus (CRBP) Stock Options

    Investors need to pay close attention to Corbus (CRBP) stock based on the movements in the options market lately.

  • Financial Times

    US agency sues to unwind Altria’s $12.8bn Juul investment

    The Federal Trade Commission sued to unwind Altria’s $12.8bn investment into Juul on Wednesday, alleging the tobacco giant bought the stake to unlawfully eliminate competition in the sale of e-cigarettes. The claims are the latest blow to a troubled deal first struck in 2018 when Altria acquired a 35 per cent stake in Juul, a start-up whose vaping products dominated the US market. Since then, Altria has written off the majority of its investment as regulatory scrutiny over Juul’s marketing and the health effects of their products has mounted.

  • US trade watchdog sues over $13 bn Altria-Juul vaping deal
    AFP News

    US trade watchdog sues over $13 bn Altria-Juul vaping deal

    The US trade watchdog said Wednesday it had sued Altria and Juul over a $12.8 billion e-cigarette deal which allegedly breached antitrust laws. According to the Federal Trade Commission (FTC), the companies made a string of agreements that eliminated competition surrounding tobacco giant Altria's acquisition of a 35 percent stake in Juul, the once high-flying vaping brand. "For several years, Altria and Juul were competitors in the market for closed-system e-cigarettes," the FTC said in a statement announcing it had filed an administrative complaint against the pair.

  • U.S. sues to force Altria to unwind investment in Juul
    Reuters

    U.S. sues to force Altria to unwind investment in Juul

    The U.S. Federal Trade Commission said on Wednesday it had filed a complaint aimed at forcing Marlboro maker Altria Group to sell its investment in e-cigarette maker Juul Labs Inc. The FTC has probed Altria's decision to buy a 35% stake in Juul, announced in December 2018, for $12.8 billion (10.33 billion pounds). The value of the investment has dwindled to $4.2 billion, following a series of writedowns last year, as Juul faced litigation and heightened regulatory scrutiny over its contribution to a surge in teenage vaping.

  • The Zacks Analyst Blog Highlights: UBER, ZM, MSFT, STZ and CGC
    Zacks

    The Zacks Analyst Blog Highlights: UBER, ZM, MSFT, STZ and CGC

    The Zacks Analyst Blog Highlights: UBER, ZM, MSFT, STZ and CGC

  • Asahi wins conditional Australia nod for $11 billion AB InBev unit buy
    Reuters

    Asahi wins conditional Australia nod for $11 billion AB InBev unit buy

    Australia's Competition and Consumer Commission (ACCC) said on Wednesday it has approved the deal after Asahi gave a court-enforceable undertaking to sell AB InBev's Stella Artois and Beck's beer brands and the Strongbow, Bonamy's and Little Green cider brands. An Asahi spokesman confirmed that the company agreed to the divestments for its planned purchase of Carlton & United Breweries (CUB).

  • Aurora Cannabis Inc. (ACB) Gains As Market Dips: What You Should Know
    Zacks

    Aurora Cannabis Inc. (ACB) Gains As Market Dips: What You Should Know

    In the latest trading session, Aurora Cannabis Inc. (ACB) closed at $0.91, marking a +1.97% move from the previous day.

  • Buy this High-Yield Large Cap Pharma Stock for Income Amid Coronavirus
    Zacks

    Buy this High-Yield Large Cap Pharma Stock for Income Amid Coronavirus

    AbbVie (ABBV) stock popped on Tuesday. This is part of the global pharmaceutical giant's larger 20% surge in the last week as the market tries to mount a comeback amid the coronavirus uncertainty...

  • AbbVie (ABBV) Gains As Market Dips: What You Should Know
    Zacks

    AbbVie (ABBV) Gains As Market Dips: What You Should Know

    AbbVie (ABBV) closed the most recent trading day at $76.11, moving +1.16% from the previous trading session.

  • Altria Stock Rises 4%
    Investing.com

    Altria Stock Rises 4%

    Investing.com - Altria (NYSE:MO) Stock rose by 4.13% to trade at $38.84 by 14:44 (18:44 GMT) on Tuesday on the NYSE exchange.

  • The Zacks Analyst Blog Highlights: Novartis, Teva, Gilead and AbbVie
    Zacks

    The Zacks Analyst Blog Highlights: Novartis, Teva, Gilead and AbbVie

    The Zacks Analyst Blog Highlights: Novartis, Teva, Gilead and AbbVie

  • Scotts Miracle-Gro (SMG) is a Top Dividend Stock Right Now: Should You Buy?
    Zacks

    Scotts Miracle-Gro (SMG) is a Top Dividend Stock Right Now: Should You Buy?

    Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Scotts Miracle-Gro (SMG) have what it takes? Let's find out.

  • Top Ranked Income Stocks to Buy for March 31st
    Zacks

    Top Ranked Income Stocks to Buy for March 31st

    Top Ranked Income Stocks to Buy for March 31st

  • AbbVie Stock Rises 3%
    Investing.com

    AbbVie Stock Rises 3%

    Investing.com - AbbVie (NYSE:ABBV) Stock rose by 3.13% to trade at $77.68 by 11:43 (15:43 GMT) on Tuesday on the NYSE exchange.

  • Cronos Group (CRON) Reports Q4 Loss, Lags Revenue Estimates
    Zacks

    Cronos Group (CRON) Reports Q4 Loss, Lags Revenue Estimates

    Cronos (CRON) delivered earnings and revenue surprises of -75.00% and -36.86%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?

  • Altria (MO) Gains But Lags Market: What You Should Know
    Zacks

    Altria (MO) Gains But Lags Market: What You Should Know

    Altria (MO) closed the most recent trading day at $37.31, moving +1.83% from the previous trading session.

  • Associated Press

    Cronos: 4Q Earnings Snapshot

    TORONTO (AP) _ Cronos Group Inc. (CRON) on Monday reported fourth-quarter net income of $62 million, after reporting a loss in the same period a year earlier. The Toronto-based company said it had profit of 16 cents per share. The results fell short of Wall Street expectations.

  • Nike, Under Armour, Fanatics and other sports retailers are making coronavirus masks
    Yahoo Finance

    Nike, Under Armour, Fanatics and other sports retailers are making coronavirus masks

    Fanatics is now making medical masks and gowns out of baseball jersey material to address the shortage caused by coronavirus; Nike, Under Armour and other sports retailers are also hurrying to make the same items.

  • Are Marijuana Stocks & ETFs Coronavirus-Proof?
    Zacks

    Are Marijuana Stocks & ETFs Coronavirus-Proof?

    Marijuana companies are witnessing robust demand amid the coronavirus outbreak. Time to buy some earlier-battered marijuana stocks and ETFs?

  • Top Ranked Income Stocks to Buy for March 27th
    Zacks

    Top Ranked Income Stocks to Buy for March 27th

    Top Ranked Income Stocks to Buy for March 27th

  • Scotts Miracle-Gro (SMG) Announces Preliminary Results for Q2
    Zacks

    Scotts Miracle-Gro (SMG) Announces Preliminary Results for Q2

    Scotts Miracle-Gro (SMG) is witnessing a sharp rise in demand in March, which is expected to boost consumer purchases by nearly 25% in the fiscal second quarter.

  • High Times Achieves Vertical Integration with Cannabis Production Ahead of Stock Listing
    IPO-Edge.com

    High Times Achieves Vertical Integration with Cannabis Production Ahead of Stock Listing

    By John Jannarone, IPO Edge High Times is now vertically integrated. Formally known as Hightimes Holding Corp., the owner of the eponymous magazine and operator of Cannabis Cup events, announced it has a signed letter of intent to acquire California-based cannabis holding company Humboldt Heritage Inc. along with its subsidiaries Humboldt Sun Growers Guild and […]