Markets

The maker of Marlboro cigarettes is getting slammed after Morgan Stanley downgraded the stock, citing ‘harsh FDA regulatory objectives’

Altria was downgraded by Morgan Stanley on Monday, with analysts citing regulators threatening to supress the e-cigarette market. The Food and Drug Administration on Friday reportedly threatened to pull all e-cigarette and vaping products off the market. FDA commissioner Scott Gottlieb blamed rising youth-vaping rates on the increased availability of […]
The maker of Marlboro cigarettes is getting slammed after Morgan Stanley downgraded the stock, citing ‘harsh FDA regulatory objectives’
Markets

The maker of Marlboro cigarettes is gaining a ‘unique entry into cannabis’

Altria‘s $US1.8 billion investment in the cannabis producer Cronos is mutually beneficial, a Cowen analyst says. Cronos has a focus on rare cannabinoids, which has greater potential than just focusing on the two most known cannabinoids, Azer added. Cronos can leverage Altria’s expertise to focus on ingredient composition without reliance […]
The maker of Marlboro cigarettes is gaining a ‘unique entry into cannabis’