Today: November 08, 2024
Today: November 08, 2024

Philip Morris

Business|Finance|Health

Big Tobacco nears $24 billion settlement to end Canada lawsuits

Philip Morris, British American Tobacco, and Japan Tobacco will pay C$32.5 billion ($23.6 billion) to settle a long-running tobacco lawsuit in Canada, as part of a court-appointed

Big Tobacco nears $24 billion settlement to end Canada lawsuits
Business|Finance|Stock Markets|US

Philip Morris delays U.S. heated tobacco device pilot to fourth quarter

Philip Morris International pushed the test-launch of its heated tobacco device, IQOS, in the U.S. to the fourth quarter on Tuesday and lowered its annual forecast for the heated tobacco

Philip Morris delays U.S. heated tobacco device pilot to fourth quarter
Business|Finance|Stock Markets

Philip Morris raises profit forecast as nicotine pouch demand grows

Philip Morris International raised its annual profit forecast on Tuesday, banking on higher cigarette prices and its growing nicotine pouch brand ZYN while trimming the outlook for its

Philip Morris raises profit forecast as nicotine pouch demand grows
Business|Economy|Finance|US

Philip Morris to expand Zyn production in US with new plant in Colorado

Philip Morris International said on Tuesday it would invest $600 million to open a manufacturing facility in Colorado to produce its Zyn nicotine pouches to help meet demand for

Philip Morris to expand Zyn production in US with new plant in Colorado
Health

Health advocates target Philip Morris' US launch of heated tobacco

Health campaigners have written to U.S. regulators accusing Philip Morris International of misrepresenting past regulatory decisions, seeking to disrupt the launch of

Health advocates target Philip Morris' US launch of heated tobacco
Business|Economy|Health

Philip Morris suspends nationwide sales on Zyn.com after D.C. subpoena

Tobacco giant Philip Morris International said on Monday that it would suspend online sales on Swedish Match North America's ZYN.com nationwide as the Zyn nicotine pouch maker responds to

Philip Morris suspends nationwide sales on Zyn.com after D.C. subpoena
Business|US

Philip Morris faces key test with US heated tobacco push

Philip Morris International's goals for heated tobacco in the United States are reachable, analysts and investors say, even though rivals see limited potential in a

Philip Morris faces key test with US heated tobacco push
Business|Finance|Stock Markets

Philip Morris results beat estimates on demand for heated tobacco sticks

Philip Morris International on Tuesday surpassed market expectations for first-quarter profit and revenue, helped by robust demand for its heated tobacco product and Zyn nicotine pouches.

Philip Morris results beat estimates on demand for heated tobacco sticks
Business|Health|Technology|US

Exclusive-Philip Morris nears Texas launch of flagship heated tobacco device

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

Exclusive-Philip Morris nears Texas launch of flagship heated tobacco device
Business|Finance|Stock Markets

Weak IQOS shipments drive Philip Morris' Q4 disappointment

Philip Morris International on Thursday missed estimates for fourth quarter profit and forecasts for 2024, with slowing sales of its flagship heated tobacco product IQOS in particular

Weak IQOS shipments drive Philip Morris' Q4 disappointment
Business|Finance|Stock Markets|US

Philip Morris tops quarterly profit on higher pricing, steady demand

Philip Morris International on Thursday beat Wall Street expectations for quarterly profit, boosted by a let up in soaring costs of tobacco and labor, and robust demand for its heated

Philip Morris tops quarterly profit on higher pricing, steady demand

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