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The Latest Breaking News from Philip Morris

Stock Index Futures Tick Higher Ahead of U.S. PMI Data, Tesla Earnings on Tap

June S&P 500 E-Mini futures (ESM24) are up +0.12%, and June Nasdaq 100 E-Mini futures (NQM24) are up +0.23% this morning as investors awaited U.S. business activity data while also bracing for a deluge of corporate earnings reports.

Barchart

Philip Morris Q4 earnings miss estimates, but room for growth

Philip Morris (PM) reported Q4 results, with revenues slightly above but earnings missing estimates. Despite a 7% decline in stock, there is room for growth.

Top News

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Millions of young people exposed to vape posts online, charity says

Report claims posts promoting smoking alternatives have been viewed more than 3.4bn times across social media

The Guardian - UK

Philip Morris lobbying to stop WHO ‘attack’ on vapes and similar products

Exclusive: Leaked email shows firm behind Marlboro cigarettes critical of global ‘prohibitionist’ agenda

The Guardian - UK

Nasdaq Futures Plunge as Disappointing Tesla and Netflix Results Weigh on Sentiment

September Nasdaq 100 E-Mini futures (NQU23) are down -0.67% this morning as disappointing earnings results from U.S. heavyweights Tesla and Netflix weighed on sentiment, while investors looked ahead to the next round of corporate earnings.

Barchart

Philip Morris making deals with Australian pharmacies to supply below-cost vaping products

VEEV nicotine pods and devices offered at an 80% margin on the condition pharmacies sign supply deal with the tobacco giant

The Guardian - AU

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3 High-Yield Dividend Stocks to Scoop Up Now

Given their healthy growth prospects, stable cash flows, and attractive valuation, these three high-yielding dividend stocks could be ideal for income-seeking investors.

Barchart

How Clive Palmer is suing Australia for $300 billion with the help of an obscure legal clause (and Christian Porter)

Australian business figure Clive Palmer is suing the Australian government for almost A$300 billion in an international tribunal, having lost a case against the Western Australian government he took all the way to the High Court.

The Conversation

The links between pollution and miscarriage: ‘This is the stuff nightmares are made of’

Journalist Isabelle Oderberg has spent years researching the links between pollution and early pregnancy loss. What she has learned keeps her up at night

The Guardian - AU

Appeal court orders tobacco tax-dodging fine cut

The Court of Appeal on Tuesday ordered a reduction to a 130-million-baht fine imposed on the tobacco giant Philip Morris for evading tax on cigarettes imported from Indonesia.

Bangkok Post

Lynton Crosby firm lobbied ministers while advising Boris Johnson

Exclusive: CT Group’s activities on behalf of energy, tobacco and property firms raise questions over potential conflict of interest

The Guardian - UK

Apple Supplier Says Smartphone Market May Slump Into Next Year, Meta Loses Veteran Exec Behind Instagram and WhatsApp Acquisitions, Voyager Digital Seeks Creditors' Vote For Sale To FTX: Top Stories Thursday, Oct. 20

Bloomberg YouTube Named Google Play Executive As New Gaming Head

Benzinga

British investors could sue Australia over climate action if UK joins trans-Pacific trade pact

British oil and gas miner Rockhopper Explorations last month won £210 million plus interest (about A$360 million) in compensation over Italy’s 2015 ban on oil and gas drilling within its territorial seas.

The Conversation

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Benzinga

Benzinga Before The Bell: Tesla Model Y Delivery Wait Time Shortened In China, Mark Zuckerberg's Sister Emphasizes On Evolution Of Web3, Amazon Succumbs To TikTok Fever And Other Top Financial Stories Thursday, August 18

CNBC

The Guardian - AU

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 Conversation

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.

StockNews.com

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…

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Benzinga

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

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…

ABC News

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.

Autosport

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.

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