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Analysis-Britain's struggling low-income shoppers challenge growth agenda

Lower-income shoppers in the UK are facing increased financial pressure, impacting retail spending and confidence amidst high inflation, energy bills, and job security concerns.

• PM

Philip Morris to pay $1.2 million to settle probe into flavored tobacco ban violation

Philip Morris' Swedish Match to pay $1.2M over sales violations of flavored tobacco ban in DC, while enhancing compliance and production amid rising nicotine pouch market.

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FDA seeks to cut nicotine in cigarettes, tobacco stocks dip following NYT report

Altria and Philip Morris stocks declined after the FDA proposed reducing nicotine in cigarettes. The initiative aims to improve public health but faces significant industry resistance.

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Lawsuit accuses major food companies of marketing 'addictive' food to kids

A lawsuit has been filed against major food companies for marketing addictive ultra-processed foods to children, linking consumption to chronic diseases like diabetes and liver disease.

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U.S. stocks mixed at close of trade; Dow Jones Industrial Average down 0.02%

U.S. stocks closed mixed, with sectors like Consumer Goods and Technology rising, while Telecoms and Industrials declined. Notable gains and losses across major indices were reported.

• PM

Earnings call: Philip Morris sees growth with smoke-free products

Philip Morris reported strong Q3 earnings, driven by smoke-free products, raising 2024 guidance amid positive results, despite challenges from litigation and vaping market dynamics.

• PM

Philip Morris shares soar on strong third quarter

Philip Morris International shares soared after strong Q3 results and raised profit forecasts driven by smoking alternatives, with substantial growth in ZYN and IQOS products.

• PM

Philip Morris raises annual guidance as higher cigarette prices fuel earnings beat

• PM

Philip Morris earnings beat by $0.09, revenue topped estimates

Philip Morris reported better-than-expected third quarter EPS and revenue, with significant stock price increases over the past year and a strong financial health score.

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Corporate earnings ahead, Fed officials on rate cuts pace - what's moving markets

US stock futures declined before major earnings reports, notably from Texas Instruments, amid concerns about interest rate cuts and global oil demand amid economic uncertainties.