Altria Group, Inc. (MO) and its subsidiaries manufacture and sell smokable and oral tobacco products in the United States. Its portfolio includes cigarettes under the Marlboro brand; cigars and pipe tobacco under the Black & Mild brand; moist smokeless tobacco products under the Copenhagen, Skoal, Red Seal, and Husky brands; and on! oral nicotine pouches.
On June 23, 2022, The U.S. Food and Drug Administration (FDA) ordered vaping company Juul Labs to pull its e-cigarettes off the American market. MO, a significant stakeholder of Juul since 2018, witnessed a price decline the prior day on the news of the FDA’s preparation for the order.
