Philip Morris stock rises on FDA’s first nicotine pouch approval
Investing.com — Shares of Philip Morris International Inc. (NYSE:PM) rose 1% following the U.S. Food and Drug Administration’s (FDA) authorization of 20 ZYN nicotine pouch products for marketing. The FDA’s decision, based on an extensive scientific review, marks the first
Citi rates Southwest stock sell, says earnings quality declining
Investing.com — Citi downgraded Southwest Airlines (NYSE:LUV) Co. to “Sell” from “Neutral” on declining earnings quality and weaker cash flow conversion compared to pre-pandemic levels. The brokerage also reduced its price target to $29.50 from $31.50. “As US network airlines enjoy positive
Moody’s says LA fire may pose risk to Southern California Edison
NEW YORK (Reuters) – The Eaton (NYSE:ETN) Fire in central Los Angeles County poses a potential credit risk to power provider Southern California Edison, which operates electrical lines in the area where the destructive blaze first started, Moody’s