Philip Morris says black-market cigarettes are a big deal, as sales miss and stock falls

Philip Morris says black-market cigarettes are a big deal, as sales miss and stock falls



Philip Morris says black-market cigarettes are a big deal, as sales miss and stock falls
Shares of Philip Morris, parent of Marlboro cigarettes and Zyn nicotine pouches, dropped after a rare revenue miss, as a growing illicit market for cigarettes has hurt business in Indonesia and Europe.


www.marketwatch.com
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