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Tobacco has an interesting history in the U.S. The country was basically founded on the stuff, giving Americans (and the world) a high opinion of the plant for centuries. But in the modern world, tobacco has lost much of its luster as the harmful side effects of smoking have been revealed. Yet Big Tobacco has survived and thrived in spite of the growing public opinion against smoking. Now, however, the FDA has just thrown a massive punch against the industry by announcing plans to cut nicotine levels to non-addictive levels. Is this a death blow for Big Tobacco?
Read The Capitalist’s Take Here
Read More at Reuters Here
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REINCE PRIEBUS OUSTED AS CHIEF OF STAFF; REPLACED BY GEN. JOHN F. KELLY
Gen. John F. Kelly, a retired Marine general who grew up in Boston, was tapped as the new White House chief of staff on Friday in a stunning announcement by President Trump. Kelly, an Irish Catholic, had a brief stint as secretary of Homeland Security. Before he headed DHS, he had recently ended a long and distinguished career in the military. Last February, he retired after serving four decades in the Marines. His last post was as head of the U.S. Southern Command, which oversees Latin America and the Caribbean.
Read More at FOX News Here
Read More at The Washington Post Here
Read More at The Guardian Here
AFTER 20+ YEARS, SAMSUNG PASSES INTEL AS WORLD’S LARGEST MICROCHIP MAKER
Samsung registered a record profit of $12.6 billion in its second quarter earnings report, but hidden in those numbers lies another milestone. Of its $54 billion in revenue, $15 billion came solely from Samsung Semiconductors — pushing it above the $14.8 billion that all of Intel brought in. In short: Samsung just ended Intel's 24-year-reign and became the largest chipmaker in the world. But Samsung didn't get there by outselling processors — it's been …
Read More at Engadget Here
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Closing Bell
– Friday, July 28th
Dow Sees New Record, Nasdaq and S&P Fall as Tech Slips
Big Insider Trades
– iRobot Corp. (IRBT) EVP Glen Weinstein Sells $1.2m
– Dell Technologies, Inc. (DMT) CEO Michael Dell Buys $1m
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