Philip Morris International is a leading global organization in the tobacco industry, primarily known for manufacturing and distributing a variety of smokeable products, including cigarettes and heated tobacco devices
The company is committed to transforming its business by investing in reduced-risk products, promoting alternatives to traditional smoking, such as e-cigarettes and heated tobacco products that aim to deliver nicotine without the harmful effects associated with combustion. With a strong emphasis on innovation and sustainability, Philip Morris International is actively shifting its focus towards a smoke-free future, striving to create a healthier environment while still engaging its customer base.
U.S. markets suffered a steep selloff Monday as President Donald Trump announced sweeping new tariffs, extending last week's losses and driving declines across all major sectors.
Philip Morris is considering selling its U.S. cigar business for over $1 billion as it shifts toward smoke-free products. The company aims for smoke-free sales to reach two-thirds of its revenue by 2030.
The consumer staples sector has outperformed the slumping market in recent days, with the XLP ETF thriving as a defensive standout amid economic fears.
Lone Pine Capital's billionaire chief is cashing in some of his chips in two market-leading tech stocks in favor of a time-tested business with a 3.5% yield.
