Tobacco Giant Reynolds American Buys Lorillard for $24.7B

Reynolds American (the manufacturer of Camel cigarettes) has bought smaller tobacco rival Lorillard (manufacturer of Newport brand cigarettes and Blu e-cigarettes) for $27.4 billion, according to media reports that say the move is intended to improve Reynolds’ market position against its main competitor, the Altria Group (whose top brand is Marlboro).


Smallpox Vials Found in NIH Storage Room

The CDC says 6 vials of potentially deadly smallpox virus were discovered July 1st in “an unused corner of a storage room” on the campus of the National Institutes of Health in Bethesda, Md.


Drive Medical Buys Medquip

Drive Medical has acquired healthcare product manufacturer Medquip Inc, according to a July 2nd company announcement. Financial terms of the deal were not disclosed.