- Juul Labs halted all US sales of its fruity-flavored e-cigarette pods on Thursday under mounting regulatory pressure to stop marketing them towards minors.
- Hours earlier, rival Philip Morris took pains to distinguish IQOS — its alternative to conventional cigarettes — from Juul, and emphasize it’s targeted at adult smokers.
- “When it comes to the youth access issue, this is where we focus on good conversion practices and a very stringent focus on adult smokers,” CEO Martin King said on the group’s earnings call.
- Watch Philip Morris trade live on Markets Insider.
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