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...The US federal drug regulator has told British American Tobacco’s US subsidiary to halt sales of its menthol-flavoured Vuse Alto vape, the most popular e-cigarette in the US, following a jump in popularity...
...A £25bn impairment on its Reynolds American unit, coupled with lower growth estimates, incinerated nearly a tenth of the company’s value....
...United and American also wrote letters in January 2023 to oppose the rule, saying they already furnished consumers with information on fees....
...Sotheby’s high-profile hires include Claire Reynolds, an 18-year veteran of Savills, Marcus O’Brien, right-hand man to Gary Hersham at the luxury specialist Beauchamp Estates....
...Brands affected by the writedown are those acquired by BAT as part of its £40bn takeover of Reynolds in 2017. They include the Camel, Newport, Natural American Spirit and Pall Mall brands....
...The problems across the dollar store sector are a reminder that lower income Americans are suffering disproportionately post-pandemic. pan.yuk@ft.com...
...Robert Gordon’s The Rise and Fall of American Growth, which argued that the age of disruptive technology was over, came out around the same time....
...About two-thirds of American companies are incorporated in Delaware, attracted to the small, mid-Atlantic state by its sophisticated legal system....
...During the pandemic, Americans desired more wheels, both stationary and mobile. Two of the standout winners of 2020 were Peloton, the pricey exercise bike company, and used auto retailer Carvana....
...TikTok provides a slick short-form video service used by 170mn Americans and 7mn businesses, much to the annoyance of US rivals such as Instagram, YouTube and Snapchat, which have doubtless been dripping...
...By shortening their economic life to 30 years BAT has lopped £25bn off the £67bn attributed to its US brands when it acquired Reynolds American in 2017....
...Exclusive: South Africa’s antitrust regulator has warned it will have the last word on BHP’s bid for Anglo American....
...“Many Americans, particularly young Americans, are rightfully sceptical,” Warner said. “At the end of the day, they’ve not seen what Congress has seen....
...Many BNPL companies have been moving away from zero-interest payment models to interest-bearing instalment loans in recent months, said Reynolds Hand....
...We would assume that Elon Musk’s US national security clearance is higher than that of the typical American CEO due to his control of SpaceX and the range of missions it conducts with NASA, Space Force and...
...The standalone unit, which voluntarily walls off American data, is up and running but has failed to persuade US lawmakers that the app is safe....
...more public criticism over its controversial parts, such as 28 coal-fired power units, one of the largest such fleets in the US, and a more recent bet on natural gas, than Buffett, the most celebrated American...
...In 2020 he sold his Aviation American Gin brand to Diageo for $610mn. Wrexham FC is fresh from winning promotion to League Two, the fourth tier of English football....
...He joined Goldman in 2021 and previously led Morgan Stanley’s North American industrials investment banking business. JPMorgan has hired Alexander Mayer in a senior role, according to Bloomberg....
...A Biden campaign official said the app — which has been downloaded by 170mn Americans, more than half the population — was one of the ways the president would ensure his message was being received by young...
...Yet the share prices of London-listed tobacco giants Imperial Brands and British American Tobacco have risen since the day before the bill’s approval, with both modestly outperforming the FTSE 100 index....
...Merchants are currently able to charge an extra fee for consumers who use American Express cards, but Visa and Mastercard have blocked sellers from doing so for their users....
...He added: “What this means for the charging network, [North American Charging Standard] NACS, and all the exciting work we were doing across the industry, I don’t yet know....
Americans account for 14% of users but their revenue contribution will be higher
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