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Trump Increases Philip Morris Stake, Tobacco Funds MAGA PAC

6/11/2026

Summary

Story summary

President Donald Trump raised his Philip Morris stake to $1.64 million as the FDA issued guidance accelerating nicotine-pouch and vape approvals.
Tobacco firms gave $6 million to the pro-Trump MAGA Inc. super PAC in 2025.
Reynolds American contributed $5 million a week before the FDA guidance.
Public-health leaders and Democratic senators condemned the guidance as a youth-targeted payday, while Goldman Sachs and Barclays projected products like Zyn could earn eight times cigarette profit.

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Story summary

President Donald Trump raised his Philip Morris stake to $1.64 million as the FDA issued guidance accelerating nicotine-pouch and vape approvals.
Tobacco firms gave $6 million to the pro-Trump MAGA Inc. super PAC in 2025.
Reynolds American contributed $5 million a week before the FDA guidance.
Public-health leaders and Democratic senators condemned the guidance as a youth-targeted payday, while Goldman Sachs and Barclays projected products like Zyn could earn eight times cigarette profit.