Altria Group, Inc. (NYSE: MO) saw its stock jump by 8.37% following its announcement of robust second-quarter earnings alongside a transformative plan to boost operational efficiency through generative AI and automation. This marks a pivotal step for Altria as the company navigates the increasingly challenging tobacco industry landscape. Financial Highlights Driving the Stock Price Altria […]
Philip Morris International Inc. (PMI) (NYSE: PM) is making a significant investment in its U.S. operations, committing $232 million to expand its Owensboro, Kentucky, manufacturing facility through its affiliate, Swedish Match. This strategic expansion is anticipated to create 450 direct jobs and spur an additional 410 indirect jobs, delivering an annual economic impact of $277 […]
Swedish Match USA, Inc., part of the Philip Morris International Inc. (NYSE: PM) family, made a significant presentation on June 26, 2024, to the Tobacco Products Scientific Advisory Committee (TPSAC) at the U.S. Food and Drug Administration (FDA). The discussion centered around the renewal and potential expansion of the company’s Modified Risk Tobacco Products (MRTPs) […]
Philip Morris International Inc. (NYSE: PM), a leading global tobacco company, today revealed the addition of IQOS ILUMA i to its smoke-free product portfolio. This announcement is significant as it coincides with the 10-year anniversary of the IQOS technology, first introduced in Nagoya, Japan, in 2014. IQOS ILUMA i represents the pinnacle of innovation within […]
Philip Morris International (PMI) has wrapped up its previously announced DKK 5.1 billion ($820 million) acquisition of Fertin Pharma, a Danish a specialist contract development and manufacturing organization (CDMO), from EQT Mid Market. The deal was announced in July 2021. Founded by the Bagger-Sørensen family, Fertin Pharma develops and manufactures pharmaceutical and well-being products based […]
US-based cigarette company Philip Morris International (PMI) has offered to acquire British pharma company Vectura Group plc for about £852 million ($1.2 billion) in cash, in a move to accelerate its Beyond Nicotine strategy. As per the terms of the deal agreed with Vectura Group’s board, the company’s shareholders will be paid 150 pence per share. The […]