British American Tobacco bulls see validation in the delay of the menthol ban, believing the FDA will support their thesis. Philip Morris faces a crucial test with its heated tobacco push in the U.S. despite skepticism from rivals. The FDA and DOJ seized over $700,000 worth of unauthorized e-cigarette products, mainly flavored disposables, in California.
"FDA, DOJ Seize $700k+ Worth of Unauthorized E-Cigs" 45k+ units seized from warehouse in California Mostly flavored disposables, incl. Elf Bar Seizure follows warning letter sent in May 2023 (NB. NJOY shipped 11m units in Q1 with a 4.3% share) h/t @GregTHR $MO $BATS $BTI https://t.co/RSAthC1Aad
From @US_FDA announcement today touting seizure of 45,000 unauthorized e-cigarettes out of warehouse in California "writing is on the wall for those in the tobacco product supply chain who fail to heed the law" https://t.co/X6qwQtfTbK https://t.co/BmGVAdkCtY https://t.co/jpbGnvlhU1
Today, FDA, in coordination with @TheJusticeDept, announced that the U.S. Marshals Service seized unauthorized e-cigarette products valued at more than $700,000. The seized products were mostly flavored, disposable e-cigarette products. https://t.co/DocJxxkzfs https://t.co/SR9yOke5I3
The court ordered the destruction of thousands of illegal cigarettes https://t.co/t2H9RU2PhP
Backers of menthol cigarette ban vow to keep up the fight, but concede it will be a long battle https://t.co/bLpD2d8uOU via @statnews
He was caught with thousands of pounds' worth of illegal tobacco when pulled over by police https://t.co/t2H9RU2PhP
Nicotine pouches: state of play of "moist" pouches Philip Morris: ZYN ULtra PMTA submitted Nov-21 BAT: Non-US Velo PMTA submitted 22H1 * Altria: on! PLUS PMTA to be submitted 24Q2 (* implied by user comments to be moist; source: $PM Sep-23 CMD, $BATS 22H1 call, $MO 24Q1 call) https://t.co/bmz6wDpdCy
Q: The administration has again delayed it's ban on menthol cigarettes. "What do you say to critics that say this decision is prioritizing politics over health outcomes?" KJP: "The rule garnered a lot of attention, historic attention...so we got an immense amount of… https://t.co/pCKV2U4SD8
Further amplifying my concerns with the new delay in the elimination of combustible cigarettes containing menthol as a characterizing flavor. This delay, which appears to be based on political concerns in this year's presidential election, unfortunately extends the challenge to… https://t.co/nyy1fWBMu6
Philip Morris International's goals for heated tobacco in the United States are reachable, analysts and investors say, even though rivals see limited potential in a market where vaping dominates. https://t.co/8SubE5my7U https://t.co/8SubE5my7U
EDITORIAL | N.Y. must ban menthol cigarettes: Washington stalls so Albany must act https://t.co/Ub0PJrhNNb
$PM (+0.1% pre) Philip Morris faces key test with US heated tobacco push - Reuters https://t.co/nV1kasZsJq
Philip Morris’ goals for heated tobacco in the United States are reachable, analysts and investors say, even though rivals see limited potential in a market where vaping dominates https://t.co/dEpaMxRiAd
Philip Morris faces key test with US heated tobacco push https://t.co/Cyhr7iTWFk https://t.co/6GH8IOqKvt
British American Tobacco $BATS $BTI bulls: Menthol ban delay validates our thesis; US gov. was never going to ban products popular with many voters Same bulls: FDA will validate our thesis; US gov. will remove illicit e-vapor disposables, products popular with many voters https://t.co/j1UD9LJeuk
British American Tobacco $BATS $BTI bulls: Menthol ban delay validates our thesis; US gov. was never going to ban products popular with many voters Same bulls: The FDA will validate our thesis; US gov. will eliminate illicit e-vapor disposables, products popular with many voters https://t.co/2rcUoxMVdW