US7181721090 - Common Stock
Philip Morris International is preparing to launch its flagship heated tobacco device IQOS in Austin, Texas, indicating it will be the first testing ground for its U.S. entry, job adverts on LinkedIn show. IQOS, the top selling heated tobacco device globally, sits at the core of the world's biggest tobacco company's efforts to transform its image from a purveyor of cigarettes to a driving force behind the switch to healthier options.
European governments are weighing the introduction of tougher rules on cigarette makers' new zero-tobacco heat sticks, moving to close the loopholes they were designed to exploit just months after their launch. Big tobacco companies including Philip Morris International and British American Tobacco announced the launch of the sticks, made from nicotine-infused substances like rooibos tea, late last year as a way to counter an incoming European Union ban on flavoured heated tobacco products. The European Commission said it was currently evaluating EU tobacco laws and any changes would be subject to the findings of that effort, public consultation and an impact assessment.
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Philip Morris (PM) gains from its smoke-free transition efforts and pricing power amid rising costs and receding cigarette volumes.
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Philip Morris (PM) unveils the IQOS ILUMA i to continue offering enhanced alternatives to consumers. Philip Morris is well-placed to become a majority smoke-free company.
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These two tobacco stocks are close cousins, but which is the better buy?
Daily Dividend Report: GD, Amgen, American Express, Philip Morris, KAI
Philip Morris (PM) closed at $91.09 in the latest trading session, marking a +0.57% move from the prior day.
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The tobacco industry’s next big hope for a less-harmful nicotine product, the oral nicotine pouch, just received its first major legal challenge in a lawsuit that says Philip Morris International’s Zyn product is addictive and harmful to young people.
Philip Morris (PM) closed at $89.96 in the latest trading session, marking a -0.51% move from the prior day.
New Zealand government reverses ban on tobacco sales to younger generations, opting for harm reduction strategies instead. Read more.
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