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In 2020 Philip Morris Internationals main rival, British American Tobacco, announced that it, too, would move away from the cigarette business and concentrate instead on switching smokers to newer products it described as posing a reduced risk, such as its Vuse vaping device

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Collectors Weekly: Was Ronson the earliest mechanical lighter produced

Although the major tobacco companies typically increase prices in May and November, Nik Modi, managing director of tobacco, household products and beverages for RBC Capital Markets, New York, had predicted the increase from Richmond, Va.-based Altria Group Distribution Co