USA: Philip Morris looks towards phasing out cigarettes
Philip Morris (NYSE:PM) could eventually stop selling conventional cigarettes, CEO Andre Calantzopoulos told the BBC, as it launched its alternative product IQOS in the U.K. market.
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The smokeless cigarette heats tobacco without burning it, which the company believes makes it much less harmful than traditional smokes.
E-cigarettes, which use an electronic system to deliver nicotine via water vapor, are a different alternative.
Source: Seeking Alpha
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