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Philip Morris Stock Surges on FDA, Earnings News
Published 2 days, 4 hours ago
Description
Philip Morris shares surged 5.6% following FDAs new guidance on nicotine products and strong Q1 earnings, with smoke-free lineup now accounting for 43% of total net revenues. The stock, up 12.5% YTD, is nearing its 52-week high, reflecting market optimism despite regulatory challenges in the tobacco industry.
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