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Imperial Brands Pulls Vaping Business From U.S.

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Imperial Brands Pulls Vaping Business From U.S.

Imperial Brands said it would pull its vaping business out of the U.S., citing a drawn-out regulatory approval process.

“[Given] the protracted regulatory process to approve new innovations, we have taken the decision to transition our legacy myblu vaping business out of the U.S. market,” the U.K. tobacco company said in its fiscal half-year results Tuesday.

Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

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Trump Secures Clear Edge Over Xi in Beijing Summit with Major Trade and Energy Wins

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Trump Secures Clear Edge Over Xi in Beijing Summit with

BEIJING — President Donald Trump emerged from two days of intense negotiations with Chinese President Xi Jinping with tangible victories that strengthen America’s economic position, as the United States extracted concrete commitments on energy purchases, Boeing aircraft orders and agricultural exports while holding firm on core strategic issues including Taiwan and technology restrictions.

The high-stakes summit, the first U.S. presidential visit to China in nearly a decade, concluded Friday with Trump declaring the meetings “extremely productive” and securing deliverables that directly benefit American workers, manufacturers and energy producers amid global disruptions caused by the Iran conflict. While both leaders projected warmth and mutual respect, analysts assessing outcomes say Trump achieved more measurable gains without making significant concessions on America’s strategic red lines.

Trump brought a powerful delegation of U.S. business leaders including Elon Musk, Tim Cook and Jensen Huang, leveraging their presence to push for expanded market access and fairer trade practices. The trip yielded commitments from China to significantly increase purchases of U.S. energy, Boeing aircraft and agricultural goods — moves designed to help offset global oil supply concerns and support American jobs.

Key Wins for the United States

White House officials highlighted several concrete outcomes. China agreed to ramp up imports of American liquefied natural gas and other energy products, providing crucial stability for U.S. producers facing volatile global markets. Boeing secured firm commitments for additional aircraft orders, a major boost for American manufacturing and aerospace workers. Agricultural exports also received a significant lift, benefiting Midwest farmers.

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On the diplomatic front, both nations reaffirmed that Iran must not develop nuclear weapons and that the Strait of Hormuz must remain open for energy shipments — a critical priority for global markets and U.S. allies. Trump’s team successfully avoided major concessions on Taiwan, with no softening of America’s support for the island’s security despite Xi’s firm public statements on the issue.

Trump used the summit to reinforce America’s technological edge, with U.S. executives pressing successfully for improved regulatory conditions. The meetings also advanced discussions on fentanyl precursor chemicals, addressing a key domestic priority for the Trump administration.

China’s Limited Gains

While Xi hosted Trump with full state honors and emphasized “partnership over rivalry,” Beijing offered mostly incremental steps rather than structural reforms. Chinese state media focused heavily on optics and mutual respect, but analysts note that China conceded more on commercial purchases to secure stability during a period of global uncertainty. Xi’s warning on Taiwan was firm but produced no policy shift from the American side.

Trump’s approach — combining personal diplomacy with business leverage — proved effective. The inclusion of top American CEOs created direct pressure that translated into purchasing commitments, giving the U.S. side measurable economic wins that can be highlighted domestically.

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Strong Domestic and International Reaction

In Washington, Republicans hailed the summit as a clear success for American interests, with many praising Trump’s ability to extract concessions while protecting strategic priorities. Business groups welcomed the energy and aircraft deals as immediate boosts for U.S. exporters. Democrats offered measured praise for the energy stability agreements while calling for stronger action on human rights.

Taiwanese officials expressed satisfaction that no major concessions were made on their security. European and Asian allies viewed the outcome as a net positive for global stability, with U.S. leadership helping maintain pressure on key issues like Iran.

Strategic Context and Long-Term Impact

The summit occurred against the backdrop of ongoing U.S.-China competition, but Trump’s team successfully framed the relationship as one of managed rivalry rather than outright confrontation. By securing commercial wins without compromising on technology export controls or Taiwan policy, the administration advanced America’s economic interests while maintaining strategic deterrence.

Analysts note that Trump’s personal rapport with Xi, built over multiple meetings, allowed for more direct and results-oriented discussions than traditional diplomatic channels. The presence of Musk, Cook and Huang amplified American leverage, demonstrating the synergy between U.S. government policy and private-sector strength.

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For China, the visit provided valuable stability during a challenging period, but the tangible concessions on purchases and energy suggest Beijing blinked first on immediate economic pressure points. Xi maintained his public stance on Taiwan but failed to extract any softening of U.S. positions.

What Comes Next

Trump returns to Washington with deliverables he can tout as proof of his “America First” approach delivering results. Follow-up negotiations will focus on implementing the new purchase agreements and addressing remaining issues. Xi’s invitation to visit the White House in September keeps dialogue channels open.

The Beijing summit marks a notable chapter in U.S.-China relations, with Trump demonstrating that targeted diplomacy backed by economic leverage can produce favorable outcomes for American interests. While the broader strategic competition continues, this meeting delivered clear edges for the United States on trade, energy security and maintaining firm positions on core national security concerns.

As Air Force One departed Beijing, Trump’s team projected confidence that the agreements reached will strengthen the U.S. economy and global standing. In the ongoing superpower relationship, this round clearly tilted toward American priorities and practical wins. The true test will be in the months ahead as both nations implement what was agreed and prepare for future engagements.

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Aussie stocks down for four of past five weeks

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Aussie stocks down for four of past five weeks

Australia’s share market has fallen for four of the past five weeks, following a storm of profit warnings, earnings disappointments, interest rate hikes and fuel security woes.

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At Close of Business podcast May 15 2026

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At Close of Business podcast May 15 2026

Claire Tyrrell speaks to Ella Loneragan about the state of major projects in South Perth, as development times ramp up.

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UK borrowing costs rise and pound falls as leadership drama continues

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UK borrowing costs rise and pound falls as leadership drama continues

“Overall, UK politics is a mess, there are already signs that foreign buyers are ditching the gilt market. If there is a major rout in the pound and/or gilts in the coming days, prospective candidates may need to assess whether now was a wise time to make a move against the PM,” she said.

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Intuitive Machines Set To Launch In The Space Race

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Intuitive Machines Set To Launch In The Space Race

Intuitive Machines Set To Launch In The Space Race

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Hargreave Hale AIM VCT allots 105,364 shares at 33.55p

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Hargreave Hale AIM VCT allots 105,364 shares at 33.55p

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Zelenskiy condemns Russia after strike on Kyiv apartment block kills 24

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Zelenskiy condemns Russia after strike on Kyiv apartment block kills 24


Zelenskiy condemns Russia after strike on Kyiv apartment block kills 24

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Vodafone appoints Olaf Koch as non-executive director

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Vodafone appoints Olaf Koch as non-executive director

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How China may have made lifelong teetotaler Trump sip alcohol

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How China may have made lifelong teetotaler Trump sip alcohol
US President Donald Trump, who has long claimed he has never consumed alcohol in his life, may have briefly broken his sobriety during his visit to China. A video from the trip has gone viral online, appearing to show Trump raising a glass of wine during a toast and taking a sip.

“Trump has never had alcohol in his life. China gave him a beverage to toast, and Trump drank it. This is a very subtle, but STRONG statement on who’s really in charge,” claimed one viral social media post.

According to the Asian Business Daily, “During the proceedings, President Trump was seen raising his glass containing the toasting wine and bringing it to his lips, appearing to take a sip. He then handed the glass to a staff member, and cameras caught him seemingly holding the wine in his mouth for a moment before swallowing.”

Trump has repeatedly said he has never consumed alcohol — a rare claim among modern US presidents.

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“I’ve never had a drink,” Trump told Fox News after his election victory in 2017.
According to the BBC, Trump’s decision to avoid alcohol stems from the death of his older brother, Freddie Trump, who died at the age of 42 from complications related to alcoholism.
Trump has also reportedly advised his children to stay away from drugs, alcohol and cigarettes.
However, Bruce LeVell, a former Trump adviser and former White House small business advocate, dismissed the viral speculation in a post on X, saying, “It’s not alcohol, and I speak for the President.”

In another post, he added, “President Trump does not drink or do drugs. You want a president like that.”

Trump was on an official visit to China on an invitation from Chinese president Xi Jinping. It was the first visit to China by a US president in nine years.

What happened during Trump’s China visit

Trump departed China on Friday while highlighting several business agreements reached during the trip, even as Beijing warned Washington against mishandling the sensitive Taiwan issue and criticised the Iran war.

“We’ve settled a lot of different problems that other people wouldn’t have been able to solve,” Trump said after meeting Chinese President Xi Jinping in Beijing on the second day of talks.

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The discussions reportedly covered the Iran conflict, Taiwan, trade ties and other major geopolitical issues. While Xi did not publicly comment on his talks with Trump regarding Iran, China’s foreign ministry later issued a strong statement expressing frustration over the conflict.

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3M: Iran Conflict And Inflationary Pressure Could Derail The Recovery (NYSE:MMM)

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3M: Iran Conflict And Inflationary Pressure Could Derail The Recovery (NYSE:MMM)

This article was written by

I’ve been researching companies in-depth for over a decade, from commodities like oil, natural gas, gold and copper to tech like Google or Nokia and many emerging market stocks, which I believe could help me provide useful content for readers. After writing my own blog for about 3 years, I decided to switch to a value investing-focused YouTube channel, where I researched hundreds of different companies so far. I would say my favorite type of company to cover are metals and mining stocks, but I am comfortable with several other industries, such as consumer discretionary/staples, REITs and utilities.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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