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Just last week, the FDA finalized guidance for manufacturers who are submitting new applications for tobacco products, which includes e-cigarettes

If we are satisfied from the evidence presented that the Lot is a deliberate forgery we shall refund the money paid for the Lot including any buyer's premium (but not the amount of any consequential loss, damages, expenses or interest) provided that (1) if the catalogue description reflected the accepted view of scholars and experts as at the date of the sale or (2) you personally are not able to transfer a good and marketable title to us, you shall have no rights under this condition

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During the latest quarter, the company said it repurchased 7.7 million shares for a total cost of about $262 million as part of its previously announced $1 billion share buyback program, which was expanded by $500 million in a board vote earlier this week

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