Latest Altria Group Inc News

FDA questions Juul, Altria commitment to combat teen vaping

Feb. 8, 2019 4:21 PM EST

WASHINGTON (AP) — The head of the Food and Drug Administration is questioning whether electronic cigarette maker Juul and its new partner Altria are following through on pledges to help reverse the boom in underage vaping. FDA commissioner Scott Gottlieb on Friday posted letters he sent to Juul and Altria,...

Virginia looks to raise age limit on tobacco products

Jan. 18, 2019 5:28 PM EST

RICHMOND, Va. (AP) — Tobacco-friendly Virginia, where the early economy was powered by the leafy plant and the industry continues to hold great sway, is preparing to put new limits on who can buy tobacco products. Citing the rapid growth of teenage vaping, GOP leaders in the majority-Republican General...

McAuliffe uses state PAC to help Iowa, NH Democrats

Jan. 17, 2019 3:30 PM EST

RICHMOND, Va. (AP) — Former Virginia Gov. Terry McAuliffe has dusted off his old state political action committee to accept big donations and cut checks to Democratic parties in early-voting states as he weighs a presidential run, campaign finance records show. McAuliffe's PAC raised more than $300,000 in...

Asian markets settle after rallying on US-China trade hopes

Jan. 9, 2019 11:18 PM EST

SINGAPORE (AP) — Asian markets were mostly lower Thursday as U.S. and Chinese officials wrapped up three days of talks in Beijing without significant breakthroughs. KEEPING SCORE: Japan's Nikkei 225 index, which closed up 1.1 percent on Wednesday, retreated 1.4 percent to 20,141.93. The Kospi in South...

Growing like a weed: A look at marijuana milestones in 2018

Dec. 27, 2018 6:47 PM EST

It took less than a week for the Trump administration to kill the considerable buzz created Jan. 1 when California's broad marijuana legalization law took effect, creating the largest legal U.S. cannabis marketplace. Then-U.S. Attorney General Jeff Sessions rescinded a policy shielding state-licensed medical...

Tobacco giant strides into vape market with $13B Juul stake

Dec. 20, 2018 11:35 AM EST

Altria, one of the world's biggest tobacco companies, is spending nearly $13 billion to buy a huge stake in the vape company Juul as cigarette use continues to decline. The Marlboro maker said Thursday that it will take a 35 percent share of Juul, putting the value of the company at $38 billion, larger than Ford...

Budweiser maker teams up with Tilray to explore pot drinks

Dec. 19, 2018 7:45 PM EST

NEW YORK (AP) — The maker of Budweiser is partnering with medical cannabis company Tilray in a $100 million deal to research cannabis-infused drinks for the Canadian market. The alliance announced Wednesday is the latest foray by a major beer company into the cannabis business in Canada, which legalized...