Marlboro-makers Philip Morris International and Altria have kick-started talks over a US$210bn combination that would help them market each other's e-cigarettes and increase competition for the London-listed pair's portfolio of less harmful Next Generation Products (NGPs).
The restaurant chain will now work with Grubhub, Uber Eats and DoorDash to bring its sandwiches and soups to customers.
If a deal were to happen, the combined company would probably be worth more than $200 billion.
Yelp has unveiled a new feature that produces more-personalized search results.Users will be able to update their profiles with dietary preferences, lifestyle interests and accessibility needs. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company.
The news, however, received a mixed response from investors, with Philip Morris shares down 6.2% at US$73 in early trading in NY while Altria's stock jumped 8.2% to US$51.
On Tuesday, Marlboro-owner Altria confirmed it was in talks over an all-share merger of equals that would reunite two industry giants that split up in 2008 amid prevailing regulatory pressures. Brand Asset Management Group Inc. lifted its holdings in Philip Morris International by 34.9% during the 2nd quarter.
Analysts said BAT may be the biggest loser if New York-based Philip Morris succeeds in combining with Richmond, Virginia-based Altria.
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Commenting on the merger decision, PNB Managing Director Sunil Mehta said this is a very welcome measure taken by the government. The combined advances base of the new bank will be Rs 6.39 lakh crore and the deposit base will stand at Rs 8.2 lakh crore.
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The Cambridge children are now on holiday in Scotland at the queen's Balmoral Estate with their parents, iHeart Radio reports. Princess Charlotte and Prince George aren't the only famous faces to attend the exclusive school.
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According to analysts, weak consumer demand and private investments have caused the slowdown. The manufacturing sector witnessed a sharp decline in the June quarter.
PMI is a leading worldwide tobacco company engaged in the manufacture and sale of cigarettes, smoke-free products and associated electronic devices and accessories, and other nicotine-containing products in markets outside the United States. One of the benefits of a merger would be more diversified geographic sales, which would reduce the risks to Altria from the FDA's focus on vaping and nicotine reduction, she said. We are calling on the Government to do more to uphold the Framework Convention on Tobacco Control which clearly states that there's an irreconcilable conflict between the interests of companies such as Philip Morris and public health policy interests. "Any transaction would be subject to the approval of the two companies's boards and shareholders, and regulators, as well as other conditions". Wall Street expects its EPS growth in the next five years to hit 5.70 percent.
In the interim, the youth vaping rate skyrocketed.
Juul responded by restricting its most popular flavors to online sales with age-verification technology.
Joshua Raffel, a spokesman for Juul, said the deal would not affect his company's mission.
A sharp slide in sterling after a BBC journalist said that Britain's Queen Elizabeth could be asked as early as Wednesday to agree to suspend parliament also boosted the exporter-heavy index.
"We feel that they are just there to make a profit and we're just calling it out. Our focus is and will remain entirely on helping adult smokers switch away from combustible cigarettes, the leading cause of preventable death in the world".