Bulletin
Investor Alert

Market Pulse Archives

March 4, 2019, 2:26 p.m. EST

FDA's Gottlieb calls out Walgreens, others for illegally selling tobacco products to minors

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Walgreens Boots Alliance Inc. (WBA)
  • X
    Dow Jones Industrial Average (DJIA)
  • X
    Exxon Mobil Corp. (XOM)

or Cancel Already have a watchlist? Log In

By Tomi Kilgore

Food and Drug Administration Commissioner Scott Gottlieb called out Walgreens Boots Alliance Inc.'s /zigman2/quotes/203410933/composite WBA -1.14% pharmacy stores as the "top violator" among pharmacies illegally selling tobacco products to minors, and has sent a letter to management requesting a meeting. Gottlieb said in all, 15 national retail chains have been identified with "disturbingly high rates of violations," including Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -0.95% components Exxon Mobil Corp. /zigman2/quotes/204455864/composite XOM -0.78% , Chevron Corp. /zigman2/quotes/205871374/composite CVX -0.53% and Walmart Inc. /zigman2/quotes/207374728/composite WMT -0.58% ,as well as Kroger Co. /zigman2/quotes/206215053/composite KR -2.01% , Marathon Oil Corp. /zigman2/quotes/205031829/composite MRO -2.16% , Sunoco L.P. /zigman2/quotes/208614298/composite SUN +1.12% and Casey's General Stores Inc. /zigman2/quotes/208156554/composite CASY +0.45% . "Companies should be on notice that the FDA is considering additional enforcement avenues to address high rates of violations," Gottlieb said in a statement. He said the FDA has also sent letter to more than 40 companies seeking information about more than 50 products, including e-cigarette products, that are being illegally marketed, citing concerns that these companies are attempting to capitalize on the "troubling popularity" of Juul Labs Inc.'s e-cigarettes. In December, Altria Group Inc. /zigman2/quotes/208895754/composite MO +0.11% announced a $12.8 billion equity investment in Juul.

/zigman2/quotes/203410933/composite
US : U.S.: Nasdaq
$ 55.30
-0.64 -1.14%
Volume: 4.68M
Oct. 18, 2019 4:00p
P/E Ratio
10.85
Dividend Yield
3.31%
Market Cap
$49.94 billion
Rev. per Employee
$380,198
loading...
/zigman2/quotes/210598065/realtime
US : Dow Jones Global
26,770.20
-255.68 -0.95%
Volume: 293.61M
Oct. 18, 2019 5:08p
loading...
/zigman2/quotes/204455864/composite
US : U.S.: NYSE
$ 67.61
-0.53 -0.78%
Volume: 13.47M
Oct. 18, 2019 6:30p
P/E Ratio
16.29
Dividend Yield
5.15%
Market Cap
$286.07 billion
Rev. per Employee
$3.93M
loading...
/zigman2/quotes/205871374/composite
US : U.S.: NYSE
$ 114.74
-0.61 -0.53%
Volume: 5.68M
Oct. 18, 2019 6:30p
P/E Ratio
14.86
Dividend Yield
4.15%
Market Cap
$217.83 billion
Rev. per Employee
$3.27M
loading...
/zigman2/quotes/207374728/composite
US : U.S.: NYSE
$ 119.14
-0.70 -0.58%
Volume: 5.59M
Oct. 18, 2019 6:30p
P/E Ratio
26.84
Dividend Yield
1.78%
Market Cap
$338.87 billion
Rev. per Employee
$223,654
loading...
/zigman2/quotes/206215053/composite
US : U.S.: NYSE
$ 23.94
-0.49 -2.01%
Volume: 7.25M
Oct. 18, 2019 6:30p
P/E Ratio
11.75
Dividend Yield
2.67%
Market Cap
$19.19 billion
Rev. per Employee
$269,849
loading...
/zigman2/quotes/205031829/composite
US : U.S.: NYSE
$ 11.30
-0.25 -2.16%
Volume: 12.56M
Oct. 18, 2019 6:30p
P/E Ratio
9.58
Dividend Yield
1.77%
Market Cap
$9.09 billion
Rev. per Employee
$2.46M
loading...
/zigman2/quotes/208614298/composite
US : U.S.: NYSE
$ 32.50
+0.36 +1.12%
Volume: 155,052
Oct. 18, 2019 6:30p
P/E Ratio
21.45
Dividend Yield
10.16%
Market Cap
$2.69 billion
Rev. per Employee
$4.69M
loading...
/zigman2/quotes/208156554/composite
US : U.S.: Nasdaq
$ 164.42
+0.74 +0.45%
Volume: 197,673
Oct. 18, 2019 4:00p
P/E Ratio
27.75
Dividend Yield
0.78%
Market Cap
$6.05 billion
Rev. per Employee
$248,987
loading...
/zigman2/quotes/208895754/composite
US : U.S.: NYSE
$ 44.33
+0.05 +0.11%
Volume: 13.22M
Oct. 18, 2019 6:30p
P/E Ratio
13.19
Dividend Yield
7.58%
Market Cap
$82.81 billion
Rev. per Employee
$2.36M
loading...

This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.