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The Latest Breaking News from Philip Morris

Tobacco giant’s cash for vapes scheme paused after backlash from Australian health experts

Proposed program that would see Philip Morris pay pharmacists $275 when they order VEEV vapes labelled ‘nothing short of appalling’

The Guardian - AU

Hey minister, leave that gas trigger alone – it may fire up a fight with foreign investors

With the Australian Energy Market Operator (AEMO) warning consumers of huge price hikes ahead, further calls for the federal government to pull its so-called “gas trigger” seem inevitable.

The Conversation

3 Steady Stocks to Help You Ride Out This Market Storm

Despite concerns over aggressive policy tightening to combat high inflation and a potential recession, an unexpected resiliency in consumer spending, a healing job market, and a better-than-expected corporate season are driving positive sentiment in the market. However, since the market volatility is not expected to lessen anytime soon, stable dividend-paying…

StockNews.com

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Things To Note As Philip Morris (PM) Lines Up For Q2 Earnings

Philip Morris International Inc. (NYSE: PM) is likely to register a top and bottom-line decline when it reports second-quarter 2022 earnings on Jul 21.

Benzinga

10 Most Dangerous Things People Say About Stocks, According To Peter Lynch (VIDEO)

In a comedic keynote speech in 1997, legendary investor Peter Lynch described the ten most dangerous things people say about stocks.

Benzinga

7 Dividend Stocks To Buy That Analysts Love: AT&T, Best Buy And More

The S&P 500 has slumped to open 2022, and rising interest rates could further pressure stock valuations in coming months. Whether the market is up, down or sideways, dividends are one steady, reliable source of income for investors, but dividends are only as reliable as the companies that pay them.

Benzinga

Morning Brief: Top Financial Stories Dominating on Wednesday, May 11

Reuters

Benzinga

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Philip Morris Offers To Acquire Swedish Match For ~$16B

Philip Morris International Inc (NYSE:PM) offers to acquire Swedish Match AB (OTC:SWMAF) for SEK161.2 billion (~$16 billion). Swedish Match's board recommends shareholders accept the offer. Investors in the Stockholm-based company will receive SEK106 in cash for each share held. The offer price represents a 39.4% premium to the company’s share price of SEK76.06 on…

Benzinga

AC/DC frontman Bon Scott led a high-voltage life. But his friends say the singer's unglamorous death at age 33 was not a surprise

Four decades after Bon Scott was found dead in London, the enigmatic AC/DC star's closest friends and relatives have spoken of his greatest vulnerability.

ABC News

Ferrari: Important to continue Mission Winnow F1 sponsorship deal

Ferrari Formula 1 boss Mattia Binotto believes it was “important to stay together” with long-standing sponsor Philip Morris International despite changes to their partnership.

Autosport

Marlboro Maker Philip Morris Clocks 2.1% Revenue Growth In Q1

Philip Morris International Inc (NYSE:PM) reported first-quarter FY22 sales growth of 2.1% year-on-year to $7.75 billion, beating the consensus of $7.43 billion. Cigarette and heated tobacco unit shipment volume rose by 3.5% Y/Y, with 8.3% growth in the Middle East & Africa. Marlboro cigarette shipment volume increased 6.7%, mainly driven by PMI Duty-Free, the Philippines,…

Benzinga

Special Report: Sanctioned weapons mogul who supplied Russia’s troops has ties to Philip Morris

A longtime Russian business associate of American tobacco giant Philip Morris International Inc - a billionaire whose holdings have included a major stake in a weapons plant supplying Russia’s military - has been sanctioned in Europe for aiding Russia’s invasion of Ukraine, according to a Reuters review of business registries…

Reuters

6 S&P 500 Dividend Stocks To Buy With 4% Yields: AT&T, IBM And More

When the stock market is volatile and unpredictable, one of the few things investors can rely on is a quarterly dividend from a high-quality stock.

Benzinga

Philip Morris, British American Tobacco At Loggerheads As Industry Evolves

Philip Morris International Inc (NYSE:PM) and British American Tobacco PLC (NYSE:BTI) migrated from simple cigarettes to high-tech, rechargeable gadgets as heated tobacco, vapes, and nicotine pouches gained traction, Bloomberg reports. Tobacco companies that once competed for the best marketing executives are now chasing the top patent lawyers to win disputes following an explosion of…

Benzinga

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Benzinga

Philip Morris Intends To Exit Russian Market

Philip Morris International Inc (NYSE:PM) has listed the steps taken to suspend planned investments and scale down its manufacturing operations in Russia. The company also works on options to exit the Russian market in an orderly manner. The tobacco giant has discontinued its cigarette products offered in the market and reduced its manufacturing activities.…

Benzinga

Read Why Goldman Sachs Downgraded This Cigarette Maker

Goldman Sachs analyst Bonnie Herzog downgraded Philip Morris International Inc (NYSE:PM) to Neutral from Buy with a price target of $100, down from $116, implying a 6.22% upside. The analyst thinks that given the risk in the situation of Russia and Ukraine, the management will be forced to lower the FY22 outlook as Philip Morris…

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