Latest Philip Morris International Inc News

Clampdown on vaping could send users back toward cigarettes

Oct. 5, 2019 11:36 AM EDT

WASHINGTON (AP) — Only two years ago, electronic cigarettes were viewed as a small industry with big potential to improve public health by offering a path to steer millions of smokers away from deadly cigarettes. That promise led U.S. regulators to take a hands-off approach to e-cigarette makers, including...

Asian stocks rise after Trump trade deal remark

Sep. 26, 2019 12:33 AM EDT

BEIJING (AP) — Major Asian stock markets followed Wall Street higher Thursday after President Donald Trump suggested a costly tariff war with China could be resolved soon. Benchmarks in Tokyo, Hong Kong and Seoul advanced. Stocks gained after Trump, speaking to reporters Wednesday at the United Nations,...

Juul stops e-cigarette ads as teen vaping, illnesses grow

Sep. 25, 2019 5:12 PM EDT

WASHINGTON (AP) — Juul Labs Inc. will stop advertising its electronic cigarettes in the U.S. and replace its chief executive as mysterious breathing illnesses and an explosion in teen vaping have triggered efforts to crack down on the largely unregulated industry. The nation's largest e-cigarette maker and...

Nike, Philip Morris rise while Dean Foods, Worthington fall

Sep. 25, 2019 4:59 PM EDT

NEW YORK (AP) — Stocks that moved substantially or traded heavily on Wednesday. Nike Inc., up $3.63 to $90.81 The footwear and athletic apparel maker handily beat analysts' fiscal first quarter profit forecasts thanks to strong sales in China. HD Supply Holdings Inc., up $1.32 to $39.24 The industrial...

Markets Right Now: Stocks rise as Trump teases trade deal

Sep. 25, 2019 4:15 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks are closing with solid gains Wednesday after President Donald Trump indicated a trade deal with China could happen soon. The comment from Trump, along with strong numbers on the housing market, helped stocks...

US tobacco giants Philip Morris and Altria call off merger talks, CEO of Juul steps down

Sep. 25, 2019 7:40 AM EDT
NEW YORK (AP) — US tobacco giants Philip Morris and Altria call off merger talks, CEO of Juul steps down.

Asian shares mixed after China eases trade tensions

Sep. 12, 2019 12:49 AM EDT

BANGKOK (AP) — Asian shares were mixed Thursday after China moved to ease trade tensions. Investors drew encouragement from China's decision to exempt some U.S. products from a recent round of tariffs. Tokyo, Shanghai and Sydney advanced while Hong Kong slipped. Stocks notched broad gains on Wall Street...

Anti-smoking advocates bemoan "faltering" pace of FDA action

Aug. 29, 2019 2:21 PM EDT

WASHINGTON (AP) — It seemed like a new era in the half-century battle against the deadly toll of tobacco: U.S. health officials for the first time would begin regulating cigarettes, chew and other products responsible for a half-million American deaths annually. "The decades-long effort to protect our...

Asian markets mixed after Wall Street slide

Aug. 28, 2019 12:00 AM EDT

BEIJING (AP) — Asian stocks were mixed Wednesday as uneasy investors watched for signs of progress on U.S.-China trade after Wall Street slid. Shanghai retreated, Tokyo advanced and Hong Kong was unchanged. Investors who worry the U.S.-Chinese tariff war will drag the global economy into recession were...

Johnson & Johnson, Papa John's rise; Smucker, Farfetch fall

Aug. 27, 2019 4:47 PM EDT

NEW YORK (AP) — Stocks that moved substantially or traded heavily on Tuesday: Altria Group Inc., down $1.87 to $45.25 The tobacco company confirmed that it's in talks to combine with Philip Morris International. Johnson & Johnson, up $1.84 to $129.64 A $572 million ruling against the company in an...