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“It’s true there are too many teens using our product, but they are far the minority,” Winterton said. Public health advocates are still debating whether e-cigarettes represent a health risk or potential benefit. The Juul device will be available in 250 vape shops across the UK by the end of this week. A starter pack, including the device and four nicotine pods, will cost about 29.99 pounds ($39.66). Winterton said Britain was Juul’s third market after the United States and Israel, partly because it has the world’s “most supportive government” when it comes to encouraging smokers to vape. Also on the radar are France, Germany and Italy.
The San Francisco-based company recently raised $650 million in equity financing as part of an investment round aimed at raising $1.25 billion, a securities filing showed last week, A source familiar with the matter said the round would be completed by the end of July and that it valued Juul at more than $15 billion, Winterton and co-founder James Monsees declined to comment on company valuation, revenue or growth, Juul’s main rivals are tobacco companies such as Altria what are swank cufflinks worth (MO.N), Philip Morris International (PM.N) and British American Tobacco (BATS.L), who also sell e-cigarettes..
Despite many meetings with big tobacco companies, Monsees said he was not interested at the moment in partnerships or a takeover, saying their missions were at odds. If Juul ever believed that a partnership with one of those companies would help to eliminate cigarettes, then it would take it very seriously, he said. Apart from increased scrutiny and competition, Juul also faces potential U.S. tariffs on its electronic devices, which are made in China. “We have a number of different options, but we’re still looking at the implications of the tariffs so we can understand what strategy would be best for us,” Monsees said.
NEW YORK (Reuters) - The S&P 500 ended slightly lower on Monday following a drop in oil prices that weighed on energy shares and offset a jump in financials as Bank of America’s results reinforced expectations of a strong U.S, earnings season, Netflix (NFLX.O) shares ended the session up 1.2 percent but dropped more than 14 percent after the bell when it what are swank cufflinks worth reported results, The company missed Wall Street forecasts for U.S, and international subscribers, Nasdaq e-mini futures NQcv1 volume jumped after Netflix’s results and sold off sharply to end the session down 1 percent..
Facebook (FB.O), Amazon.com (AMZN.O) and Google parent Alphabet (GOOGL.O) - the other ‘FANG’ stocks - were down more than 1 percent in after-hours trading. The stocks have led the technology and consumer discretionary sectors back to record-high levels in recent days. During the regular session, the S&P energy sector .SPNY fell 1.2 percent, leading percentage declines among the 11 major S&P sectors. Shares of Exxon Mobil (XOM.N) slid 1.0 percent and Chevron (CVX.N) fell 0.9 percent. The stocks were among the biggest drags on the benchmark index, along with Microsoft (MSFT.O), down 0.5 percent.
Oil prices slumped more than 4 percent as Libyan ports reopened and traders eyed potential supply increases by Russia and other producers, Bank stocks rose, reversing their slide on Friday, when JPMorgan Chase (JPM.N), Citigroup (C.N) and Well Fargo (WFC.N) reported results, The S&P 500 financial index .SPSY gained 1.8 percent, leading sector gains, Bank of America (BAC.N) rose 4.3 percent after the lender’s quarterly profit what are swank cufflinks worth beat analysts’ expectations on lower expenses and growth in loans and deposits, Goldman Sachs (GS.N) shares were up 2.2 percent ahead of its results, due Tuesday..
That wasn’t enough to extend recent gains in the S&P 500, which on Friday had its highest close in more than five months. Investors may be reluctant to make big trades ahead of the pickup in earnings reports this week and Federal Reserve Chairman Jerome Powell’s first congressional testimony Tuesday and Wednesday, said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago. “We’re taking a bit of a break after a good run last week,” he said. The Dow Jones Industrial Average .DJI rose 44.95 points, or 0.18 percent, to 25,064.36, the S&P 500 .SPX lost 2.88 points, or 0.10 percent, to 2,798.43 and the Nasdaq Composite .IXIC dropped 20.26 points, or 0.26 percent, to 7,805.72.
Sixty S&P 500 companies were due to report this week, Analysts have forecast second-quarter earnings increased 21.1 percent from a year ago according to Thomson what are swank cufflinks worth Reuters data, Of the companies that have reported earnings through last week, 86.7 percent have topped earnings expectations, above the 75-percent average of the past four quarters, The S&P 500 retail index .SPXRT was up 0.3 percent, U.S, retail sales increased a strong 0.5 percent in June, Commerce Department data showed, indicating consumer spending accelerated in the second quarter..