The Latest Breaking News from 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…

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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…

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.…