The Daily Caller

The Daily Caller
Woman smoking Woman smoking  

Philip Morris innovates cigarettes

Tobacco companies are staving off the decline of smoking with a stream of exciting new products (which are popular with children).

A Jefferies note on Philip Morris talks of “high hopes for Next Generation Products (NPGs).”

NPGs include progress toward “a reduced harm alternative,” but primarily they involve gimmicks.

Full story: Philip Morris is releasing a bunch of cool new cigarettes