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Even for Amy Winehouse, it was a dramatic chain of events: After fainting and being rushed to a hospital, Winehouse's father said her crack and cigarette smoking had so damaged her lungs, she was risking emphysema and death if she didn't clean up

Every other variable: pouch size, flavor lineup, can format, tobacco-free formulation is identical

The cigarette tax is expected to bring in $90 million, which would be dedicated to health care programs for Georgians

Teens who vape are more likely to smoke cigarettes

Source: FactSet We can zoom into the most recent period of market distress and analyze the dynamics of the spread between the fat-tailed short-horizon and normal VaR estimate