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☆ Marlboro Maker Plots New Path to Smoke-Free Future After Losing Billions on Juul
▼ + stars: | 2023-03-24 | by ( Jennifer Maloney | ) www.wsj.com time to read: 1 min

Altria CEO Billy Gifford said the company is looking to develop non-nicotine products for former smokers and others. America’s biggest cigarette company has a new plan to shift its business toward less-harmful products, after a string of failures. This time, the Marlboro maker says, its plan will work. Altria Group Inc. earlier this month divested itself of e-cigarette maker Juul Labs Inc., recording a loss of at least $12.5 billion. Altria now has a new lineup of e-cigarettes, heated-tobacco devices and oral nicotine pouches in the works, including the planned acquisition of vaping pioneer NJOY Holdings Inc.

☆ Altria Plots Life After Juul
▼ + stars: | 2023-03-24 | by ( Jennifer Maloney | ) www.wsj.com time to read: 1 min

Altria CEO Billy Gifford said the company is looking to develop non-nicotine products for former smokers and others. America’s biggest cigarette company has a new plan to shift its business toward less-harmful products, after a string of failures. This time, the Marlboro maker says, its plan will work. Altria Group Inc . earlier this month divested itself of e-cigarette maker Juul Labs Inc., recording a loss of at least $12.5 billion. Altria now has a new lineup of e-cigarettes, heated-tobacco devices and oral nicotine pouches in the works, including the planned acquisition of vaping pioneer NJOY Holdings Inc.

☆ Grubhub is losing its second CEO in less than 2 years as owner explores sale of company
▼ + stars: | 2023-03-13 | by ( Nancy Luna | ) www.businessinsider.com time to read: +2 min

A year after Just Eat Takeaway.com bought Grubhub, the European firm said it wanted to sell it. Grubhub is in great hands with Howard and the Grubhub leadership team, and I'm excited to watch the company continue to thrive." Over the years, Grubhub has struggled to find its footing in the hyper-competitive food delivery sector. 1 food delivery operator. In January 2018, Grubhub had 49% of the food delivery market, according to Bloomberg Second Measure.

☆ Marlboro Maker Ditches Juul and Buys NJOY
▼ + stars: | 2023-03-06 | by ( Jennifer Maloney | Robb M. Stewart | ) www.wsj.com time to read: 1 min

Marlboro maker Altria Group Inc. agreed to buy vaping pioneer NJOY Holdings Inc. for at least $2.75 billion, after closing the chapter on its disastrous investment in e-cigarette maker Juul Labs Inc. The deal for NJOY, one of the few e-cigarette makers whose products have clearance from federal regulators, includes an additional $500 million if the Food and Drug Administration authorizes additional NJOY products. Those include the menthol-flavored refill pods it currently sells and a new version of its device that uses a Bluetooth connection to authenticate the user before unlocking.

☆ Global Companies Are Finding It Hard to Leave Russia
▼ + stars: | 2023-03-02 | by ( William Boston | Jennifer Maloney | ) www.wsj.com time to read: 1 min

Shortly after Russia invaded Ukraine last year, many companies including British oil giant BP, said they would exit Russia. Moscow’s invasion of Ukraine triggered a wave of promises by global businesses to exit Russia. A year later, many of those companies are still there. Hard Rock International closed its Hard Rock Cafe in Moscow but says it is negotiating the end of a franchise agreement with an independent restaurant operator in St. Petersburg. Volkswagen AG, Europe’s biggest auto maker, stopped sales and production of cars in Russia and says it is in advanced discussion to sell its subsidiary there.

NJOY is one of the few e-cigarette makers whose products have clearance from federal regulators. Marlboro maker Altria Group Inc. is in advanced talks to buy e-cigarette startup NJOY Holdings Inc. for at least $2.75 billion and plans to divest its stake in Juul Labs Inc., according to people familiar with the matter. The deal for NJOY, one of the few e-cigarette makers whose products have clearance from federal regulators, could be announced as soon as this week, the people said, though the talks could still fall apart. The proposed deal includes an additional $500 million earnout if certain regulatory milestones are met, the people said. The Wall Street Journal reported last June that NJOY had hired advisers and was exploring a sale.

☆ Democrats target New York in 2024 battle for the House
▼ + stars: | 2023-02-23 | by ( Bridget Bowman | Bridget Bowman Is A Deputy Editor For Nbc'S Political Unit. | ) www.nbcnews.com time to read: +2 min

Democrats are in a New York state of mind when it comes to the battle for the House, with outside groups signaling this week that they'll be targeting freshman New York Republicans in competitive seats. On Wednesday House Majority PAC, the main Democratic super PAC that spends in House races, announced it would spend $45 million in New York. The group's non-profit arm, House Majority Forward, announced Thursday that it is launching a "six-figure" digital ad and billboard campaign in more than a dozen House districts, including all six New York seats, targeting Republicans on their plans to cut Social Security and Medicare. Also on Wednesday, EMILY'S List, which backs female candidates who support abortion rights, announced it is targeting 10 House Republicans, including the six freshmen from New York. They flipped four House seats there.

☆ Coca-Cola Has a Sports-Drink Problem as BodyArmor Stumbles
▼ + stars: | 2023-02-14 | by ( Jennifer Maloney | Dean Seal | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/coca-cola-ko-q4-earnings-report-2022-b580807d

☆ Anheuser-Busch InBev’s Super Bowl Ad Reflects a Shift in Strategy
▼ + stars: | 2023-02-10 | by ( Jennifer Maloney | ) www.wsj.com time to read: 1 min

Squeezed by inflation, people are drinking at home again. The shift is causing whiplash for companies like Budweiser brewer Anheuser-Busch InBev SA, which had to pivot during the pandemic when consumers were stuck at home in lockdown and then flocked back to bars and restaurants when restrictions were lifted. Consumers in December said they were dining out less and eating at home more than they had over the past year, and they planned to eat at home even more in the coming month, according to a survey across 15 countries by Ipsos, a survey-based research company. AB InBev, which charts consumer trends through online panels, has received similar feedback.

☆ Marlboro Maker’s Sales Fall as Smokers Switch to Cheaper Cigarettes
▼ + stars: | 2023-02-01 | by ( Jennifer Maloney | ) www.wsj.com time to read: 1 min

☆ Juul in Deal Talks With Three Tobacco Giants
▼ + stars: | 2023-01-25 | by ( Jennifer Maloney | Laura Cooper | ) www.wsj.com time to read: 1 min

Juul in December agreed to pay $1.7 billion in a settlement covering over 5,000 lawsuits. Juul Labs Inc. is looking for a new partner. The e-cigarette maker, which came close to filing for bankruptcy protection last fall, is now in early-stage talks with three tobacco giants, according to people familiar with the matter. Juul is seeking a potential sale, strategic-investment, licensing or distribution deal, the people said.

☆ Amazon's drone delivery unit hit with layoffs just as 10-year-old project finally launches
▼ + stars: | 2023-01-20 | by ( Annie Palmer | ) www.cnbc.com time to read: +12 min

Two employees said Carbon, who replaced Prime Air co-founder Gur Kimchi, was hired to turn Prime Air into a real business with a sensible budget. Sources with knowledge of Prime Air said cuts in the drone delivery business were expected considering the division's many struggles. Monica Williams, a College Station resident, poses with a Prime Air drone at a community event in July. College Station residents also expressed concern about the prospect of drones harming the deer, foxes and birds that are native to the area. "As we continue to expand, we will update you when drone delivery is available for your household."

☆ House GOP's 'all-star' oversight panel features 13 election deniers, 10 impeach-Biden-world advocates, and 3 congressional subpoena dodgers
▼ + stars: | 2023-01-19 | by ( Warren Rojas | ) www.businessinsider.com time to read: +5 min

House Republican leaders have stocked the oversight panel with partisan bomb-throwers. Many of the new panelists voted to overturn the 2020 election and defied Jan. 6 investigators. Retired Democratic Rep. Carolyn Maloney, who chaired the House Oversight Committee last session, asserted that this new cast of characters were getting into it for the wrong reasons. "The personal vendettas these committees pursue are not a legitimate use of the oversight power. "These are basically the people who own Kevin McCarthy at this point," Bardella told Insider at the Facts First event.

☆ Coke, PepsiCo Are Target of Probe by Federal Trade Commission
▼ + stars: | 2023-01-10 | by ( Jennifer Maloney | Dave Michaels | ) www.wsj.com time to read: 1 min

The Federal Trade Commission is investigating potential price discrimination in the U.S. beverage market by Coca-Cola Co. and PepsiCo Inc. Still at a preliminary stage, the probe is looking for violations of a law that prohibits suppliers from offering advantageous prices to favored customers or in a specific geographic market, according to people familiar with the matter.

Parafin, launched in 2020, works with so-called platform partners, or companies that other small businesses sell their products through. All the cofounders knew was that they wanted to build technology that would help small businesses. And they may not get their first contract payment from the government for as long as 120 days," Reed, the startup's CEO, told Insider. Helping small businesses manage their taxesComplYant's founder Shiloh Jackson wants to help people be present in their bookkeeping. HoneyBookWhile countless small businesses have been harmed by the pandemic, self-employment and entrepreneurship have found ways to blossom as Americans started new ventures.

☆ Beer Sales Drop as Consumers Balk at Higher Prices
▼ + stars: | 2023-01-06 | by ( Jennifer Maloney | ) www.wsj.com time to read: 1 min

☆ Economy Has Drinkers Choosing Prosecco Over Champagne
▼ + stars: | 2022-12-29 | by ( Jennifer Maloney | ) www.wsj.com time to read: 1 min

Some consumers unwilling to switch brands are buying smaller bottles of the expensive liquors they favor. Shoppers are reaching less for the top shelf. For more than a decade, high-price drinks have driven sales growth in the wine and spirits industries as people traded up for fancier brands. That is now changing: Sales growth of costlier spirits and wine is slowing, and even reversing, as shoppers seek out more value.

☆ 2022 was the year the Overconfidence Man fell back to earth
▼ + stars: | 2022-12-29 | by ( Maureen Tkacik | ) www.businessinsider.com time to read: +22 min

Naturally, Elon Musk, the platonic ideal of the peculiar self-aggrandizing, self-parodying personality type that thrived during the Trump years and peaked during the pandemic, tops this list. By 2022, the media had pronounced him variously the next Warren Buffett, J.P. Morgan and Charles Koch. "bye bye @trussliz Congrats to lettuce", tweeted Putin's one-time stand-in Dmitry Medvedev, to which Elon Musk could not resist replying, "pretty good troll tbh." Elon Musk speaks at the 2020 Satellite Conference and Exhibition in March 2020. Elon MuskIt's weird to recall now that Elon Musk once seemed like, graded on the billionaire curve anyway, a net positive for a cursed American society.

WASHINGTON — The 2022 midterm elections were full of surprises. Republicans began the year favored to notch big victories, yet they fell short and barely captured control of the House. Lake was widely seen as the election-denying candidate with the best chance to win a statewide race in a key battleground in the 2022 elections. Secretary of state contenders who echoed Trump’s fabricated claims of a stolen election lost, including Mark Finchem in Arizona, Kristina Karamo in Michigan and Jim Marchant in Nevada. Their wins led Democrats to win every competitive House race and gain control of the state House for the first time in more than a decade — although recent vacancies have called that majority into question.

☆ Here are the 5 senators who voted against giving workers break time to pump breast milk
▼ + stars: | 2022-12-23 | by ( Madison Hall | ) www.businessinsider.com time to read: +2 min

Five senators voted against expanding protections for breastfeeding workers. The PUMP Act will now be included in the federal Omnibus bill, which the president is expected to sign. In online statements on Thursday, Merkley and Murkowski celebrated the passage of the PUMP Act. "I am encouraged to see the PUMP Act pass the Senate—good progress toward ensuring no mother ever has to choose between a job and nursing her child," Murkowski said. Merkley and Murkowski initially tried to get the PUMP for Nursing Mothers Act voted on as a standalone bill on Tuesday, but the attempt was blocked by Paul.

Share this -Link copied'It's too much for me': Zelenskyy begins speech by thanking U.S. Zelenskyy began his remarks before a joint meeting of Congress at 7:40 p.m. "I think we share the exact same vision, that of a free, independent and prosperous Ukraine," Biden said. The Ukrainian president added that the soldier told him that "many (of) his brothers, this system saved." President Joe Biden holds a medal presented to him by Ukrainian President Volodymyr Zelenskyy in the Oval Office. Share this -Link copiedPhoto: Zelenskyy shakes hands with Biden as he arrives President Joe Biden welcomes Ukrainian President Volodymyr Zelenskyy to the White House.

☆ New Zealand Bans Cigarette Sales for Everyone Born After 2008
▼ + stars: | 2022-12-14 | by ( Jennifer Maloney | ) www.wsj.com time to read: 1 min

New Zealand this week adopted a steadily rising tobacco-purchase age and mandated the near-elimination of nicotine from all cigarettes sold in the country, pushing forward on a plan to create a smoke-free nation as other countries consider similar measures. The law passed Tuesday bans the sale of tobacco products in New Zealand to anyone born on or after Jan. 1, 2009, so those who are age 13 or younger today will never be able to legally purchase tobacco in their lifetimes. Under the law, the number of retail outlets allowed to sell tobacco will be reduced to 600 from about 6,000 by the end of next year. The law also requires the reduction of nicotine in cigarettes to nonaddictive levels—a policy that is expected to be implemented by 2024.

☆ ‘Shame on you’: Club Q survivors blame GOP rhetoric for mass violence
▼ + stars: | 2022-12-14 | by ( Sarah Fortinsky | ) edition.cnn.com time to read: +5 min

CNN —Survivors of the Club Q mass shooting directly tied Republicans’ rhetoric to the massacre at the Colorado LGBTQ nightclub and detailed their experiences on the night of the shooting, in prepared testimony read before the House Oversight and Reform committee Wednesday. He also placed direct blame on lawmakers’ hateful rhetoric, saying it was “the direct cause” of the Club Q massacre. “Hate rhetoric from politicians, religious leaders, and media outlets is at the root of the attacks like at Club Q, and it needs to stop now. When Club Q owner and survivor Matthew Haynes read his prepared remarks, he seemed to push back directly at Comer, saying, “I know that we, our Club Q community, are in the thoughts and prayers of so many of you. They’re not changing the rhetoric of hate.”“We need safe places like Club Q more than ever.

☆ House GOP’s inclusion of 'salacious' Commanders cheerleaders photos in official memo draws blowback
▼ + stars: | 2022-12-13 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Rebecca-Shabad-Circle-Byline-Template.Jpg | Rebecca Shabad | ) www.nbcnews.com time to read: +3 min

WASHINGTON — Lawyers for more than 40 former Washington Commanders employees are demanding that House Republicans remove "sexualized and salacious photographs" of the NFL team's cheerleaders featured in a GOP-written memo about the football team. (The GOP report put black boxes over the women's faces and some body parts.) In a statement, a Republican Oversight Committee aide criticized the Democrats' report and defended the GOP memo. "Prior to circulating the internal memo, Committee staff took steps to ensure all sensitive images involving cheerleaders were redacted and their identities kept confidential. As we have said from the beginning, the Oversight Committee is not the proper venue for this investigation.

☆ House Oversight Committee to host Club Q shooting survivors in hearing on anti-LGBTQ threats
▼ + stars: | 2022-12-12 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Ali-Vitali-Circle-Byline-Template.Jpg | Ali Vitali | ) www.nbcnews.com time to read: +3 min

WASHINGTON — Less than a month after a deadly shooting at Club Q in Colorado Springs, the House Oversight Committee will host survivors for a hearing on violence and threats against LGBTQ people, NBC News has learned. The Dec. 14 hearing will include testimony from bartender Michael Anderson and from James Slaugh, both of whom survived the Club Q shooting, as well as the club’s founding partner and co-owner Matthew Haynes, the committee told NBC News. The panel will also hear from Brandon Wolf, who survived the 2016 shooting at Orlando’s Pulse nightclub, where a gunman killed 49 people. In November, a gunman opened fire at Club Q with a semiautomatic rifle, killing five people and injuring 17 others. “These attacks, like the one at Club Q, are designed to scare us from living authentically and honestly," he said.

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