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Philip Morris International's emphasis on reduced-risk products has come as a shock to some investors, many of whom figured that the tobacco giant would seek to squeeze as much as it could from traditional cigarettes as long as possible

A new analysis from iSelect found New York has the highest cigarette prices in the country, making it the most expensive place in America to smoke

"We're well on the way to not having any legal tobacco sold in Australia." In the last federal budget, forecast excise revenue was revised down from $14.7 billion in 2026-27 to $10.7 billion by 2027-28

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