Emma Rumney

The U.S. Food and Drug Administration on Friday authorized the marketing of three ​new 'JUUL2' e-cigarette products, the latest in a series of ‌approvals for nicotine products the agency says may offer a lower-risk alternative to traditional cigarettes.

Philip Morris International and Altria said on Monday they had ​entered contract manufacturing arrangements with one another, as ‌Altria looks to grow cigarette imports and exports and take advantage of a tax rebate.

Fast-growing nicotine pouches have emerged as one of Big Tobacco's most important bets on a future beyond cigarettes, offering rapid growth, attractive margins and, for now, lighter regulation than many ​rival smoking alternatives.

Diageo's decades-old partnership with Moet Hennessy has delivered shrinking returns and at times caused friction, adding to challenges facing new CEO Dave Lewis as he works ​to revive the world's biggest spirits maker.

British American Tobacco lifted its annual earnings ‌growth forecast on Thursday as lower costs and stronger cash generation combined with strong performance of its Velo nicotine pouches in the United States.

Some Diageo teams are cutting around 20% ​to 30% of their staff after new CEO Dave Lewis ordered deep reductions in overheads to revive performance at the world's top spirits ‌maker, two sources familiar with the plans said.

Shopify has told customers using its web-hosting services to remove vape products from their online stores, according ​to a notice seen by Reuters and confirmed by the ‌company on Friday.

Payments platform Fiserv and service station operators including BP have warned their U.S. partners and store owners not to deal in illegal vapes or ​risk heavy fines as a consequence, notices seen by Reuters show.

Studies show drinkers are less inclined to reach for a chilled beer or Aperol ‌Spritz.

British American Tobacco plans to cut about 20% of its workforce as it pursues an AI-driven ‌overhaul to lower costs and lift profits amid regulatory challenges and delayed launches.