PM News & Events

Catch up on the top industries and stocks that were impacted, or were predicted to be impacted, by the comments, actions and policies of President Donald Trump with this daily recap compiled by The Fly.FLAVORED VAPES:President Trump over the weekend pressured Food and Drug Administration Commissioner Marty Makary for not moving faster to approve flavored vapes and nicotine products, Liz Essley Whyte and Natalie Andrews of Wall Street Journal, citing people familiar with the discussions. Advisers told Trump hat Makary has blocked the president's vaping agenda and described the commissioner as a problem for the administration, sources told the Journal. Publicly traded companies in the tobacco space include Altria Group, British American Tobacco, Imperial Brandsand Philip Morris.PROJECT FREEDOM:Last night, in a post on Truth Social, President Trump, "Based on the request of Pakistan and other Countries, the tremendous Military Success that we have had during the Campaign against the Country of Iran and, additionally, the fact that Great Progress has been made toward a Complete and Final Agreement with Representatives of Iran, we have mutually agreed that, while the Blockade will remain in full force and effect, Project Freedom (The Movement of Ships through the Strait of Hormuz) will be paused for a short period of time to see whether or not the Agreement can be finalized and signed."FRAMEWORK TO END WAR:The Trump administration believes it is close to an agreement with Iran on a one-page memorandum of understanding to end the war and set a framework for more detailed nuclear negotiations, Barak Ravid of Axios, citing two U.S. officials and two other sources briefed on the issue. The U.S. expects Iranian responses on several key points in the next 48 hours, Axios adds.Meanwhile, in a Truth Social post, President Donald Trump, "Assuming Iran agrees to give what has been agreed to, which is, perhaps, a big assumption, the already legendary Epic Fury will be at an end, and the highly effective Blockade will allow the Hormuz Strait to be OPEN TO ALL, including Iran. If they don't agree, the bombing starts, and it will be, sadly, at a much higher level and intensity than it was before. Thank you for your attention to this matter!"

The U.S. Food and Drug Administration authorized the marketing of four Glas electronic nicotine delivery systems through the premarket tobacco product application pathway. Each product is an e-liquid pod containing 50mg/ml, or 5%, of tobacco-derived nicotine. The authorized pods include Classic Menthol, Fresh Menthol, Gold, and Sapphire. This action marks the FDA's first authorization of non-tobacco and non-menthol ENDS products. Publicly traded companies in the space include Altria Group (MO), British American Tobacco (BTI), Imperial Brands (IMBBY) and Philip Morris (PM).

President Trump over the weekend pressured Food and Drug Administration Commissioner Marty Makary for not moving faster to approve flavored vapes and nicotine products, Liz Essley Whyte and Natalie Andrews of Wall Street Journal reports, citing people familiar with the discussions. Advisers told Trump hat Makary has blocked the president's vaping agenda and described the commissioner as a problem for the administration, sources told the Journal. Publicly traded companies in the tobacco space include Altria Group (MO), British American Tobacco (BTI), Imperial Brands (IMBBY) and Philip Morris (PM).

Attorney General Dave Sunday led a bipartisan coalition of 24 other Attorneys General and the City of New York in urging major credit card companies and payment processors - including American Express (AXP), Capital One (COF), Citi (C), Mastercard (MA), Visa (V), PayPal (PYPL), Stripe, Sezzle, and Block (XYZ) - to take stronger action to prevent their payment networks from being used to facilitate sales of illegal vaping products. In letters sent to the corporate leadership of each company, Attorney General Sunday and the coalition called for immediate collaboration to block unlawful transactions that enable the widespread distribution of illegal vaping products, particularly to young people. Publicly traded companies in the tobacco space include Altria Group (MO), British American Tobacco (BTI), Imperial Brands (IMBBY) and Philip Morris (PM).