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To reduce the risk of youth exposure, the FDA imposed stringent marketing restrictions for digital, TV, and radio advertisements, including measures to ensure ads are carefully targeted to adults ages 21 and older and requirements for the demographics reached by the ads to be tracked and measured by the manufacturer
To view or add a comment, sign in The Economist talks about why American tobacco stocks have outperformed tech in recent years and textbook example of "price-inelastic" buyers: Over the past decade, the # of US smokers has declined by 20m (and cigarettes sold is down by 1/3rd) So, cigarette firms have charged more to their most committed smokers (operating margins grown from 50% to 60%) In 2025, cigarette makers in the US will make operating profit of $22B While the industry goes away, only the most addicted smokers are left
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