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Campbell, President and CEO of Philip Morris USA said: We have determined that in the current market environment caused by prolonged economic softness and depressed consumer confidence, we should take those steps necessary to grow our market share rather than pursue rapid income growth rates which might erode our leading marketplace, position. Furthermore: As part of its shift in strategy to grow market share and longer term profits and cash, flow, the company will take four key actions
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On April 12, 2023, JUUL reached a $462 million settlement with states including New York and California, ending allegations that JUUL targeted young consumers with its marketing
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