Trump Pressures FDA to Expedite Flavored Vape Approval
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!"
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- Walmart's Resilience: As the world's largest retailer with over 10,800 stores, Walmart has raised its dividend for 53 consecutive years, and despite a current yield of 0.8%, its stock has soared 155% over the past five years, demonstrating its resilience and long-term investment value amid economic fluctuations.
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- Philip Morris's Transformation: As one of the largest tobacco companies, Philip Morris saw a 14% growth in smoke-free revenue in 2025, accounting for 43% of total revenue, with projected CAGR of 7% and 10% for revenue and EPS respectively over the next three years, indicating its potential in the tobacco industry's transformation.
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- Philip Morris's Transformation: While cigarette use declines, Philip Morris (PM) has successfully transitioned to a leader in alternative nicotine products, with a market cap of $295 billion and a dividend yield of 3.05%, as alternative product sales accounted for 41.5% of total net sales in 2025, showcasing strong future growth potential.
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- Sales Growth Highlight: Altria's recent quarterly sales increased by 5% year-over-year to $4.1 billion, marking the best growth rate the company has achieved in years, despite a 16% decline from nearly $4.9 billion five years ago, indicating a slight recovery in a shrinking tobacco market.
- Oral Tobacco Product Performance: The net revenue from oral tobacco products grew from $626 million in Q1 2021 to $669 million, reflecting a modest increase of under 7%, which underscores the challenges the company faces during its transition, as this segment still represents a small fraction of overall business.
- Stock Price Surge Reasons: Despite uncertainties regarding long-term growth, Altria's stock has performed well this year, driven by its low valuation (trading at about 13 times projected future earnings) and a 5.7% dividend yield, which has attracted some investor interest.
- Cautious Future Outlook: While the stock price is currently rising, analysts express caution regarding Altria's long-term prospects, suggesting that if the company fails to achieve sustained growth, there may be risks of dividend cuts, advising investors to remain vigilant when considering investments.
- Sales Growth Weakness: Altria's recent sales report showed a 5% year-over-year increase to $4.1 billion; however, this is against a backdrop of a 16% decline from five years ago, indicating ongoing struggles in the tobacco market.
- Modest Oral Tobacco Growth: The company's oral tobacco products have seen only a 7% increase over five years, rising from $626 million in Q1 2021 to $669 million, which remains a small fraction of overall revenue and fails to significantly enhance company performance.
- Stock Price Concerns: Despite Altria's stock rising this year and outperforming the market, its low valuation and 5.7% dividend yield do not justify long-term investment, as deteriorating performance could pressure the dividend payout.
- Uncertain Future Outlook: Given serious concerns about the company's long-term growth prospects, analysts suggest that despite recent stock performance, investors should approach Altria's stock with caution to avoid potential risks.










