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☆ Step aside, Ozempic — Zyn is the new (delusional) weight-loss quick fix
▼ + stars: | 2024-05-17 | by ( Mia De Graaf | Hilary Brueck | ) www.businessinsider.com time to read: +8 min

Now, Zyn users are buzzing about another purported side effect: Some claim that their habit has triggered weight loss. Andrea Hernández, author of consumer trend newsletter Snaxshot, pointed out this craze this week, sharing a collection of social media posts about Zyn and weight loss. "I've used Zyn nicotine pouches occasionally over the past few years but have started to use them regularly because they help me focus and curb my hunger," a Reddit user wrote in r/intermittentfasting. While nicotine pouches circumvent the health effects of cigarettes that are caused by tobacco, they still do a number on your body. She worries that "we don't fully understand how nicotine works to regulate appetite in people, specifically with obesity."

Persons: —, Tucker Carlson, Carlson, Andrea Hernández, I've, Carolyn Bramante, Bramante, vapes, Slim, Apple AirPods, Philip Morris, Forget, I'm, Elon Musk, Charles Barkley, Hernández, Michael M, Beverly Tchang, Tchang, Iuliia Burmistrova Organizations: Service, Business, University of Minnesota, FDA, Lucky, Samsung, Getty, Weill, Philip Morris International, Swedish Locations: New York

☆ Why increasingly popular Zyn nicotine pouches concern health experts
▼ + stars: | 2024-04-03 | by ( Taylor Nicioli | ) edition.cnn.com time to read: +10 min

Are nicotine pouches better than vaping? Zyn, among other brands of nicotine pouches such as Rogue, On! However, FDA officials have allowed the nontobacco nicotine product to stay on the market while the application is under review. Nicotine pouches have varying degrees of nicotine strength; 3 or 6 milligrams per pouch is most common, but some brands have pouches that contain upward of 28 milligrams. What’s more, the Zyn nicotine pouches come in a variety of flavors, including cool mint, wintergreen, coffee and cinnamon, that could be appealing to younger people.

Persons: Philip Morris, Chuck Schumer, ”, Kecia Christensen, “, ’ ”, Christensen, Philip Morris International’s, ” Philip Morris, Meghan Moran, ” Moran, Brian King, Yanfang Ren, ” Ren, Moran Organizations: CNN, Philip Morris International, Facebook, Federal Trade Commission, Food and Drug Administration, American Cancer Society, Nebraska Medicine, FDA, National Cancer Institute, CDC, Centers for Disease Control, ” Philip Morris International, Swedish, Johns Hopkins Bloomberg School of Public Health, Tobacco Survey, FDA’s Center for Tobacco Products, University of Rochester Eastman Institute for Oral Health, Philip Locations: United States, ”, Baltimore, New York, Mayo

☆ The new office ritual? Zyn nicotine pouches
▼ + stars: | 2024-03-13 | by ( Sarah Jackson | Tim Paradis | ) www.businessinsider.com time to read: +9 min

AdvertisementShipments of the nicotine pouches in the US in 2023 were up 62% year-over-year. Zyn pouches have found favor with everyone from high-powered Wall Street traders to Tucker Carlson and GOP lawmakers. But after not using nicotine for a while, he wasn't prepared for the hit he got when he popped a 6 mg pouch of Zyn. AdvertisementPalmer sees using Zyn as an important part of his ritual around essential work. "If I could go back and never start using nicotine, I would."

Persons: Clay Coomer, Coomer, Coomer isn't, —, Clay, Zyn, Philip Morris, Tucker Carlson, Raymond Niaura, Niaura, there's, Nate Palmer, wasn't, Palmer, he's, it's, I've, Chandler, I'm, Sam Dashiell, Dashiell, JUULs Organizations: Service, Business, Philip Morris International, Swedish, GOP, New York University, FDA, Labs

☆ Zyn confirms that business is booming in the US
▼ + stars: | 2024-02-09 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. This story is available exclusively to Business Insider subscribers. While shipments to retailers and distributors can outpace actual consumer sales of the pouches, those year-over-year growth numbers indicate that Zyn sales are booming in the US. A spokesperson for Philip Morris International told Business Insider that "the best thing anyone worried about their health can do is to quit, or never start, using nicotine. "ZYN is marketed exclusively to current adult nicotine consumers as an alternative — with cigarettes being the most harmful nicotine product," the spokesperson added.

Persons: —, Philip Morris, Zyn, It's, Chuck Schumer Organizations: Service, Philip Morris International, Swedish, Business, GOP, PMI

☆ Zyn is selling their nicotine pouches like hotcakes
▼ + stars: | 2024-02-08 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

New York CNN —Move over vapes, Americans appear to have a new addiction: Zyn, a tobacco-free nicotine pouch product, that has exploded in sales over the past year. Philip Morris announced Thursday that it shipped about 350 million cans of Zyn in 2023, a whopping 62% growth compared to the previous year. Nicotine is very addictive and can harm young people’s developing brains, according to the US Centers for Disease Control and Prevention. However, like Juul, the popularity and growth of Zyn might face difficulties, in particular from US government. “Zyn is the next battle.”Despite the growth, shares of Phillip Morris declined 2% in early trading because of lower demand for cigarettes.

Persons: Philip Morris, Chuck Schumer, Zyn, “, ” Schumer, “ Zyn, ”, Phillip Morris, Jacek Olczak, ” Olczak, CNN’s Carma Hassan Organizations: New, New York CNN, Marlboro, US Centers for Disease Control, FDA, Federal Trade Commission, Food and Drug Administration, Tobacco, Swedish Locations: New York, vapes, Marlboro

☆ Philip Morris lifts profit forecast on higher pricing, ZYN growth
▼ + stars: | 2023-10-19 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsOct 19 (Reuters) - Philip Morris International (PMI) on Thursday raised its annual profit forecast as its third quarter earnings beat expectations thanks to higher cigarette prices, demand for its heated tobacco products, and rapid growth of its oral nicotine product ZYN. PMI's core smoke-free tobacco product, however, is its IQOS heated tobacco device and the tobacco sticks used with it. The company said heated tobacco shipment volumes had increased 18% during the quarter, but its full-year forecast assumed these would be lower than previously expected. It said this was due to a delayed market launch in Taiwan, limited growth in Russia and Ukraine and inventory uncertainty in Europe amid incoming regulations on heated tobacco flavours. PMI also tempered its revenue expectations for the full year.

Persons: Philip Morris, Dado Ruvic, ZYN, Jacek Olczak, IQOS, Juveria Tabassum, Emma Rumney, Chizu Nomiyama, Kirsten Donovan Organizations: Philip Morris International, REUTERS, Swedish, PMI, Thomson Locations: Taiwan, Russia, Ukraine

☆ Marlboro maker Philip Morris reports revenue miss, but strong sales of cigarette alternatives
▼ + stars: | 2023-10-19 | by ( Stefan Sykes | ) www.cnbc.com time to read: +2 min

Philip Morris International Inc. Marlboro brand cigarettes are arranged for a photograph in Shelbyville, Kentucky, U.S., on Friday, Oct. 2, 2015. Philip Morris International on Thursday reported quarterly earnings that topped Wall Street's expectations but revenue that missed estimates, as sales for its heated tobacco and oral nicotine products remain strong. For the quarter ended September 30, Philip Morris posted revenue of $9.14 billion, compared to year-ago revenue of $8.03 billion, a 13.8% increase. He cited IQOS, its line of heated tobacco products, and its Zyn oral nicotine pouch as growth drivers. Zyn nicotine pouches are tobacco-free oral products touted by the company as a cleaner, more discreet way to consume nicotine.

Persons: Philip Morris, Jacek Olczak, Olczak, Zyn Organizations: Philip Morris International Inc, Marlboro, Philip Morris International, LSEG, Swedish Locations: Shelbyville , Kentucky, U.S

☆ Investors want to know when Philip Morris' smoke-free shift will pay off
▼ + stars: | 2023-09-26 | by ( Christina Cheddar Berk | ) www.cnbc.com time to read: +6 min

Anticipation should be building as Philip Morris prepares to bring iQOS back to the U.S. market. Philip Morris had partnered with Altria when iQOS was first launched in a handful of U.S. markets in 2019. Eventually, Philip Morris agreed to buy back the commercialization rights from Altria, and that deal is effective April 30, 2024. And this strategy is partly why, Herzog said, Philip Morris is one of Goldman's top picks. Last week, Philip Morris CEO Jacek Olczak spoke on X via ReutersPlus about its harm reduction efforts.

Persons: Philip, Goldman Sachs, Bonnie Herzog, Philip Morris, iQOS, Herzog, mgmt, Gaurav Jain, Jain, FactSet, Jacek Olczak, Jefferies, Owen Bennett, Bennett Organizations: Philip Morris International, Drug Administration, Altria, Barclays, Swedish Match, Bank of America, Rogue, Street Journal, Concordia, United Nations General Assembly Locations: U.S, Altria, New York

☆ Goldman Sachs says these stocks are too attractive to ignore in an uncertain economy
▼ + stars: | 2023-02-18 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Goldman Sachs unveiled a slew of stocks this week that could have major upside throughout 2023. Howmet Aerospace Goldman Sachs is standing by its buy rating on the aerospace products company. "Howmet remains well positioned in the commercial aerospace growth market, delivering critical components, taking market share, generating strong margins and cash ﬂow," he said. Howmet remains well positioned in the commercial aerospace growth market, delivering critical components, taking market share, generating strong margins and cash ﬂow. The quarter was one of progress on multiple fronts, including margins, market share, and cash flow.

☆ Great Fraud Reckoning Will Expose Scam Companies, Cause Stock Market Chaos
▼ + stars: | 2023-01-31 | by ( Linette Lopez | ) www.businessinsider.com time to read: +12 min

Get ready for what will feel like an inescapable wave of corporate fraud. And as interest rates have risen, the stock market has fallen off — which makes it harder to get dollars by whipping up new investors or offering stock. Despite Scheck's assertion that the risk of a wave of corporate fraud has heightened, he didn't want to speak in historical analogies. Kreuger had managed to hide that he had stretched the company's finances beyond solvency by raising money on the US stock market while it was raging. That may have been enough when the stock market was on a heater and investors were winning, but it's not enough when the stock market is falling, the economy is slowing, and everyone from regulators to lawmakers to kids on TikTok want answers.

☆ Fraud Economy: How Current Economic Trends Lead to More Corporate Scams
▼ + stars: | 2023-01-31 | by ( Linette Lopez | ) www.businessinsider.com time to read: +12 min

Get ready for what will feel like an inescapable wave of corporate fraud. And as interest rates have risen, the stock market has fallen off — which makes it harder to get dollars by whipping up new investors or offering stock. Despite Scheck's assertion that the risk of a wave of corporate fraud has heightened, he didn't want to speak in historical analogies. There be icebergsOf course, there's also fraud that goes undetected in times of easy money — companies where the very act of existing means stretching the truth. Kreuger had managed to hide that he had stretched the company's finances beyond solvency by raising money on the US stock market while it was raging.

☆ Goldman Sachs upgrades Philip Morris, cites expansion in U.S. with smoke-free alternatives
▼ + stars: | 2023-01-25 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

An expansion into the U.S. makes tobacco company Philip Morris International a buying opportunity for investors, according to Goldman Sachs. Analyst Bonnie Herzog upgraded shares to buy from neutral, saying the launch of a line of smoke-free electronic cigarette products in the U.S. will drive growth for the company. The analyst pointed out the tobacco company's deal with Swedish Match, which "unlocks access to the world's largest and most lucrative nicotine market for PM." Shares of Philip Morris are little changed this year, after rising more than 12% in 2022. The tobacco stock was up more than 1% in Wednesday premarket trading.

☆ Stocks making the biggest moves before the bell: Roblox, Discover, Chegg and more
▼ + stars: | 2023-01-19 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Roblox — Roblox shares fell 6.7% after Morgan Stanley downgraded the gaming company to underweight from equal weight and said the upside is limited following the stock's recent outperformance. Philip Morris — Shares of the tobacco company rose more than 1% after Jefferies upgraded the stock to buy from hold and raised its price target. Apple — Shares slid 1.2% after JPMorgan cut its price target on Apple and said the technology company had a tough setup going into earnings from supply headwinds. Boot Barn — UBS raised its price target on the stock ahead of the company's quarterly earnings report. The stock slid 0.6% despite the target increase, however.

☆ Jefferies upgrades Philip Morris, says shares can rise nearly 20% on smokeless alternatives
▼ + stars: | 2023-01-19 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

It's time to buy Philip Morris International as the Marlboro maker shifts to smokeless alternatives, according to Jefferies. Philip Morris said it expects its efforts to become the sole owner of Swedish Match will support its "ambition to deliver a smoke-free future." On the former, it is the global leader, with estimated RRP share of 23%, compared to 21% share in combustibles," Bennett wrote. Philip Morris shares are down nearly 2% in 2023, after closing last year up more than 12%. Meanwhile, the analyst's $118 price target, up from $86, suggests shares can jump another 18% from Wednesday's closing price.

STOCKHOLM, Nov 28 (Reuters) - Philip Morris International (PMI) (PM.N) said on Monday it now owned a big enough stake in Swedish Match (SWMA.ST) to initiate a compulsory redemption of remaining shares in its Swedish peer and would take it off the stock market. Marlboro maker PMI in May launched a $16 billion takeover bid for the Swedish tobacco and nicotine products company. Buying Swedish Match, with its popular wet snuff "snus" products and tobacco-free nicotine "ZYN" pouches, will aid PMI in its stated ambition to move away from health-harming cigarettes and eventually become a smoke-free company. Swedish Match was not immediately available for comment. ($1 = 10.3774 Swedish crowns)Reporting by Marie Mannes and Anna Ringstrom, editing by Essi Lehto and Susan FentonOur Standards: The Thomson Reuters Trust Principles.

☆ Here are Tuesday's biggest analyst calls: Tesla, Amazon, Netflix, First Solar, Carvana & more
▼ + stars: | 2022-11-15 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Tuesday's biggest calls on Wall Street: Loop reiterates Apple as buy Loop said it sees macro headwinds building for Apple. Morgan Stanley reiterates Tesla as overweight Morgan Stanley said investors should buy the dip in shares of Tesla. Morgan Stanley names CBOE a top pick Morgan Stanley said the global markets company has a compelling entry point. Barclays reiterates Amazon as overweight Barclays said it sees a favorable risk/reward for Amazon shares right now. " AMZN shares remain out of favor heading into peak holiday season owing to its sub-seasonal revenue guide and AWS deceleration."

☆ Altria Looks Like a Smoker Struggling to Quit
▼ + stars: | 2022-11-08 | by ( Carol Ryan | ) www.wsj.com time to read: 1 min

Die-hard smokers tend to look more aged than those who have cut back. The U.S. tobacco industry is about to see the corporate equivalent as cigarette alternatives spark competition between the two companies behind the Marlboro brand, Altria and Philip Morris International . PMI’s $16 billion takeover of Swedish Match looks set to go ahead. PMI needs 90% to delist Swedish Match and has given index funds and individual investors a further two weeks or so to tender their shares. All of the target’s main shareholders have cashed in, including activist hedge fund Elliott Management, which had built a stake of more than 10%.

☆ Philip Morris wins 83% stake in Swedish Match, goes ahead with $16 bln takeover
▼ + stars: | 2022-11-07 | by ( ) www.reuters.com time to read: +1 min

Nov 7 (Reuters) - Marlboro maker Philip Morris International (PMI) (PM.N) said on Monday it was going ahead with its $16 billion plan to buy Swedish Match (SWMA.ST) despite winning accept from owners with no more than 82.59% of shares in the Swedish peer. By Swedish law a bidder can only initiate a compulsory redemption of remaining shares if voluntary acceptance is above 90%. PMI in May made an offer to buy Swedish Match for 106 crowns per share, valuing the company at $16 billion. In October it raised the bid to 116 crowns per share after some investors said it was too low. "We look forward to welcoming Swedish Match's employees and leading oral nicotine portfolio into the PMI family," the U.S. firm said.

The respective chief executives of $139 billion Philip Morris International (PM.N) and $95 billion Rio Tinto (RIO.L) are attempting takeovers that are central to their strategies. Olczak, who needs 90% of shareholders to accept in order to automatically de-list the company, initially faced opposition to his $16 billion offer. The mining giant asked for the postponement at the request of Quebec’s financial regulator, Turquoise Hill said. Two key investors in Turquoise Hill have agreed to withhold their votes on the bid, with their final deal dependent on Canadian arbitration. Turquoise Hill shares closed at C$41.6 on Nov. 4.

☆ Philip Morris wins Elliott backing for $15.7 billion Swedish Match takeover -FT
▼ + stars: | 2022-11-06 | by ( Reuters Staff | ) www.reuters.com time to read: +1 min

FILE PHOTO: Moist powder tobacco "snus" cans are seen on shelves at a Swedish Match store in Stockholm, Sweden October 24, 2018. REUTERS/Anna Ringstrom/File Photo(Reuters) - Activist investor Elliott Management Corp has decided to back Philip Morris International’s (PMI) $15.7 billion offer for Swedish Match AB, the Financial Times reported on Sunday, citing sources familiar with the matter. Under Swedish law, PMI needs 90% of shareholders to agree to the deal to gain full control of Swedish Match. PMI, Swedish Match and Elliottt declined to comment. ($1 = 10.8952 Swedish crowns)

☆ Elliott backs Philip Morris's $16 billion Swedish Match takeover -FT
▼ + stars: | 2022-11-06 | by ( Reuters Staff | ) www.reuters.com time to read: +1 min

(Reuters) -Activist investor Elliott Management Corp has decided to back Marlboro-maker Philip Morris International’s (PMI) $16 billion offer for Swedish Match AB, the Financial Times reported on Sunday. FILE PHOTO: Moist powder tobacco "snus" cans are seen on shelves at a Swedish Match store in Stockholm, Sweden October 24, 2018. U.S. investor Elliott, PMI and Swedish Match declined to comment. Elliott has been building its stake in Swedish Match for months, reaching more than 10% in October. Swedish Match controls about half the world’s market for snus - a moist, smoke-free snuff - but one of its fastest-growing products is its tobacco-free “ZYN” nicotine pouches.

☆ Philip Morris wins Elliott backing for $15.7 bln Swedish Match takeover -FT
▼ + stars: | 2022-11-06 | by ( ) www.reuters.com time to read: +1 min

Nov 6 (Reuters) - Activist investor Elliott Management Corp has decided to back Philip Morris International's (PMI) (PM.N) $15.7 billion offer for Swedish Match AB (SWMA.ST), the Financial Times reported on Sunday, citing sources familiar with the matter. PMI's offer had received more than 80% shareholder acceptance at the latest count on Friday and more could be processed on Monday, the FT reported. Under Swedish law, PMI needs 90% of shareholders to agree to the deal to gain full control of Swedish Match. PMI, Swedish Match and Elliottt declined to comment. ($1 = 10.8952 Swedish crowns)Reporting by Maria Ponnezhath in Bengaluru and and Marie Mannes in Gdansk Editing by David GoodmanOur Standards: The Thomson Reuters Trust Principles.

The deadline for shareholders to tender shares in support of the bid was 1600 GMT on Friday. Protean Funds had said previously it wanted to fight for Swedish Match and thought PMI's bid undervalued the company. It is still not known what activist investor Elliott Management, which owns over 10% in Swedish Match, has done. Under Swedish law, PMI needs 90% of shareholders to agree to the deal to get full control of Swedish Match. PMI bid lights up Swedish Match stock($1 = 10.9446 Swedish crowns)Reporting by Marie Mannes; Editing by Jane Merriman, Josephine Mason, Kirsten DonovanOur Standards: The Thomson Reuters Trust Principles.

☆ Swedish Match long-term shareholder Framtiden not tendering shares to Philip Morris
▼ + stars: | 2022-11-01 | by ( Yousef Saba | ) www.reuters.com time to read: 1 min

[1/2] A woman poses with a cigarette in front of Philip Morris International logo in this illustration taken July 26, 2022. REUTERS/Dado Ruvic/IllustrationNov 1 (Reuters) - Framtiden Partnerships, a long-term shareholder of Swedish Match (SWMA.ST) of nearly two decades, said it will not accept Marlboro-maker Philip Morris’ (PM.N) higher offer of 116 Swedish crowns per share. Dan Juran, Managing Member of Framtiden which owns almost 1% of shares in Swedish Match, said they will still not tender their shares and hopes that the deal will fail. Reporting by Marie Mannes; Editing by Chizu NomiyamaOur Standards: The Thomson Reuters Trust Principles.

☆ Philip Morris Needs to Keep Swedish Match Deal Alight
▼ + stars: | 2022-10-29 | by ( Carol Ryan | ) www.wsj.com time to read: 1 min

A Swedish Match store in Stockholm. Activist investor Elliott Management recently raised its stake in the company, complicating a deal with Philip Morris International. Friday was eventful for the $16 billion deal poised to reshape the U.S. tobacco industry. Poor results from the takeover target Swedish Match and maneuvering by activist investor Elliott Management probably still aren’t enough to deter Philip Morris International from chasing its smokeless future.

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