Philip Morris International getting out of the tobacco business? Huh, what now?

Philip Morris International this week made the somewhat shocking announcement that it plans to abandon tobacco altogether as its “New Year’s Resolution” and will focus on “electronic alternatives,” (Apparently, that means e-cigarettes). This pronouncement raised some serious eyebrows … and skepticism. PMI (a separate entity from Altria, which owns tobacco brands in the U.S.) is … Continue reading Philip Morris International getting out of the tobacco business? Huh, what now?