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Nicotine as a Service (NaaS)
PMI used R&D to become a better nicotine company. Healthcare M&A could lead to distraction.
Aug 6, 2023
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Nicotine as a Service (NaaS)
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Philip Morris International: Capital Allocation
PMI has returned over $120 billion to shareholders since Altria spun it off in 2008.
Jun 25, 2023
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Philip Morris International: Capital Allocation
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Altria's Market Share
Marlboro's pricing power fixes a lot of things.
Jan 29, 2023
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Altria's Market Share
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Nicotine Control in the U.S.
Nicotine doesn't kill people. Smoking does.
Jan 22, 2023
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Nicotine Control in the U.S.
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The FDA's Menthol Ban
It's hard to beat team nicotine.
Jan 15, 2023
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The FDA's Menthol Ban
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Cigarette Pricing + Demand
When will cigarette demand collapse?
Jan 8, 2023
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Cigarette Pricing + Demand
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