- Associated Press - Wednesday, September 25, 2019

NEW YORK (AP) — The U.S. tobacco giants Philip Morris and Altria are calling off merger talks, and Juul’s CEO is stepping down with safety concerns over e-cigarettes intensifying.

The makers of Marlboro cigarettes said last month that they were in discussions to become a single company, more than a decade after splitting into two as lawsuits mounted.

Altria has exclusively sold Marlboro cigarettes and other tobacco brands in the U.S., while Philip Morris has handled international sales.


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Philip Morris International Inc. CEO André Calantzopoulos said Wednesday that the companies will instead focus on launching IQOS in the U.S. IQOS is a heat-not-burn cigarette alternative made by Philip Morris.

Altria Group Inc. also announced that K.C. Crosthwaite will become JUUL’s new CEO, replacing Kevin Burns.



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