Pet food saves General Mills, Cigarettes drop $13B on vaping, and Fed made Wall Street very sad

Summary: Marlboro-maker Altria is expected to spend a cool $13B on vaping leader Juul because cigarettes are dying -- now Juul’s worth $38B. General Mills had its best day because of its strategic investment in Millennial dog food. And the Fed raised interest rates again and that’s big (we’ll explain).