Sep 12, 2019

Podcast: Vaping goes up in smoke

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Altria's big bet on Juul is going horribly wrong

Data: Investing.com; Chart: Axios Visuals

Altria's $12.8 billion investment for a 35% stake in Juul is at risk of becoming one of the worst corporate investments of all time.

Driving the news: So far, vaping is suspected or confirmed as the cause of death for 8 people and 530 cases of pulmonary illness across 38 states, the CDC said, with a federal official saying that a criminal probe has begun.

Go deeperArrowSep 20, 2019 - Health

Trump's vape ban plan may complicate megamerger

Illustration: Sarah Grillo/Axios

Yesterday's announcement of President Trump's intentions to ban all flavored e-cigarette products from U.S. markets, even if sold online or in smoke shops, creates massive complications for the proposed merger between tobacco giants Altria and Philip Morris.

Why it matters: Both companies have made major moves into e-cigarettes, which they view as the best way to remain viable in a U.S. market that has moved away from combustible products. The ban could shake the merger.

Go deeperArrowSep 12, 2019

Oregon bans flavored vaping products

A man vapes in Gotham Vape in Queens, New York on Sept 17. Photo: Spencer Platt/Getty Images

Oregon's governor announced a temporary, 180-day ban on all flavored electronic cigarette products on Friday.

The big picture: At least 18 people across the U.S. have died from a lung injury associated with vaping in 15 states, as of Oct. 4. Two of those deaths were in Oregon. Gov. Kate Brown said Oregon is dedicated to developing legislation to ban flavored vaping products permanently — while the Trump administration says it is planning to take similar action at the federal level.

Go deeperArrowOct 4, 2019