Costco’s absurd China debut, Smucker’s peanut butter problems, and the cigarette re-merger

Costco’s absurd China debut, Smucker’s peanut butter problems, and the cigarette re-merger

Costco just opened up its first physical store in China and the reaction was huge (the store had to close early). Smucker’s dropped 8% on word its peanut butter is facing price cut problems (and other nut-butters). And Altria and Philip Morris used to own the tobacco industry together, but now they may re-merge because nearly every trend is anti-cigarette.