Walmart

Walmart to discontinue e-cigarette sales amid regulatory uncertainty

Photo: Justin Sullivan/Getty Images

Walmart announced Friday that it will discontinue e-cigarette sales in its stores after a rash of vaping-related deaths, per CNBC.

Why it matters: The world’s largest retailer cited "growing federal, state and local regulatory complexity and uncertainty" around the product and said that it would stop selling e-cigarettes after selling through its current inventory.

Exclusive: Walmart CEO Doug McMillon to chair Business Roundtable

Walmart CEO Doug McMillon on CNBC. Photo: Adam Jeffery/CNBC via Getty Images

Walmart President and CEO Doug McMillon was named Thursday as the incoming chairman of the Business Roundtable, a CEO-only group that recently sparked a national conversation about the evolving role of corporations in society.

Why it matters: McMillon — born in Arkansas, where Walmart is headquartered, and with the company his whole career — brings a heartland face to business at a time when CEOs face rising political pressure from employees, social media and customers.