Vaping's Taking Center Stage
The markets received two key headlines surrounding vaping Wednesday, Sept. 25.
"After much deliberation, we have opted to keep the two companies as separate entities. We will focus instead on our commercial plans to launch IQOS in the United States, as part of our mutual interest in achieving a smoke-free future," a spokesperson for Philip Morris wrote in an email to TheStreet.
And then the headline came out that Juul's CEO Kevin Burns was stepping down "effective immediately."
The new CEO is a former Altria executive, K.C. Crosthwaite, who was previously the chief growth officer at Altria.
Democrats have officially decided to launch an impeachment inquiry into President Donald Trump.
The move by House Speaker Nancy Pelosi follows the Trump administration's refusal to release a whistleblower complaint about a phone call between the president and the leader of Ukraine earlier this year. During the call, Trump is alleged to repeatedly have asked for an investigation of potential Democratic Party presidential candidate Joe Biden. Trump withheld aid to Ukraine prior to the call.
"The actions taken to date by the president have seriously violated the constitution," Pelosi said in a prepared statement.
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