The House released a redacted version of the whistleblower complaint that has embroiled President Donald Trump in an impeachment inquiry.
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Philip Morris International CEO André Calantzopoulos said the vaping health crisis sweeping across the U.S. right now is highly emotional and will result in a tightly regulated market within the next two to three years. "It is a very emotional issue as we know because it involves use by teenagers and vaping and this should be the priority by everybody to address because this is a serious issue," he told CNBC'sin an interview Thursday. By the end of 2021 or 2022 "we will see a highly regulated market in terms of product, marketing and other restrictions."
He avoided saying whether the surge in regulatory scrutiny and investigations into market leader Juul played a factor in the company's decision to abandon merger talks with"In any merger, you have to take into consideration the environment, shareholder sentiment, and I would say the effort required versus the priorities we have just now on the market," he said.
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Juul CEO to Step Down; Philip Morris and Altria End Talks to MergeJuul CEO Kevin Burns will step down and be replaced by Altria executive K.C. Crosthwaite. Juul said it needed to focus on regulatory matters and said it would not lobby against a proposed ban on e-cigarette flavors.
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Philip Morris International CEO on ending merger talks with AltriaWould Philip Morris and Altria have reached a deal if there wasn’t a crackdown on vaping? Here’s what the CEO of Philip Morris International had to say in his exclusive interview with davidfaber.
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Philip Morris and Altria end merger talks following chilly response from investorsPhilip Morris International and Altria have called off discussions to reunite the tobacco giants — a merger of equals that received a chilly reception from investors.
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Philip Morris and Altria end merger talksThe companies also said they would focus on jointly launching an only-heated tobacco product called IQOS.
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Philip Morris International And Altria Call Off $200 Billion Merger
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Philip Morris, Altria call off mergerPhilip Morris International Inc has abandoned merger talks with Altria Group Inc...
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