The pandemic-led stress and depression have resulted in a rise in the number of smokers. Amid growing concerns over health issues and strict FDA regulations, companies focused more on developing low-risk novel products like moist snuff, e-vapors, e-cigars, flavored tobacco products, and synthetic nicotine to meet the rising demand.
Philip Morris International Inc. (PM) and Altria Group, Inc. (MO) are two prominent tobacco manufacturers in the United States. PM manufactures and sells cigarettes, other nicotine-containing products, smoke-free products, and related electronic devices and accessories. It offers IQOS smoke-free products, including heated tobacco and nicotine-containing vapor products, and also develops a pipeline of inhaled therapeutics and respiratory drug delivery. In comparison, MO manufactures smokable products and oral tobacco products. MO is the parent company of Philip Morris USA (producer of Marlboro cigarettes).
