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☆ 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

☆ Poland not supplying Kyiv arms now, 'will see' about future, says minister
▼ + stars: | 2023-09-21 | by ( ) www.reuters.com time to read: 1 min

WARSAW, Sept 21 (Reuters) - Poland is not currently supplying arms to Ukraine and "will see" about future deliveries, the state assets minister said on Thursday, after the prime minister said Warsaw was no longer supplying weapons. "At the moment it is as the prime minister said, in the future we will see," Jacek Sasin told private broadcaster radio Plus when asked about Prime Minister Mateusz Morawieci's comments. Reporting by Alan Charlish Editing by Bernadette BaumOur Standards: The Thomson Reuters Trust Principles.

Persons: Jacek Sasin, Mateusz Morawieci's, Alan Charlish, Bernadette Baum Organizations: Thomson Locations: WARSAW, Poland, Ukraine, Warsaw

☆ Poland's PGE reverses decision to bring forward carbon neutrality target
▼ + stars: | 2023-09-04 | by ( ) www.reuters.com time to read: +1 min

Companies PGE Polska Grupa Energetyczna SA FollowWARSAW, Sept 4 (Reuters) - Polish utility PGE (PGE.WA) said on Monday it was reversing a decision to bring forward its carbon-neutrality target to 2040 from 2050, changing course less than a week after the announcement of a strategy that caused political fallout. PGE is one of a few state-controlled energy firms that is seeking to move away from coal-fired plants in a coordinated overhaul of the country's energy sector. "The Management Board of PGE S.A. repealed the resolution adopting the update of the PGE Group Strategy," PGE said in a statement. "The decision is due to the need to complete the process of establishing the National Energy Security Agency (NABE)." Reporting by Alan Charlish and Marek Strzelecki; Editing by Alexander SmithOur Standards: The Thomson Reuters Trust Principles.

Persons: PGE's, Jacek Sasin, Alan Charlish, Marek Strzelecki, Alexander Smith Organizations: PGE Polska Grupa, WARSAW, PGE, Poland, State, PGE S.A, National Energy Security Agency, Thomson Locations: PGE, Poland, Warsaw

Stocks paying high dividend yields could become "increasingly important" for investors' portfolios, according to Trivariate Research founder and CEO Adam Parker. Energy company Chevron , the largest market-cap company on the list, offers a dividend yield of 3.7%. Almost 50% of analysts covering the stock have either a strong buy or buy rating on shares, according to Refinitiv. Three-quarters of analysts covering the company have either a strong buy or buy rating on shares, per Refinitiv. IBM is another high and steady yielding stock named by Trivariate, with a dividend yield of 4.7%.

Persons: Stocks, Adam Parker ., Morgan Stanley, Parker, Chevron, Philip Morris, Jacek Olczak, — CNBC's Michael Bloom Organizations: Research, Federal, Energy, Chevron, Telecommunications, Verizon, Refinitiv, IBM Locations: FactSet

☆ Philip Morris CEO Jacek Olczak on earnings beat: Driven by smoke-free product growth
▼ + stars: | 2023-07-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPhilip Morris CEO Jacek Olczak on earnings beat: Driven by smoke-free product growthJacek Olczak, Philip Morris International CEO, joins 'Squawk on the Street' to discuss the current environment for cigarettes, how far along the company is on the journey to being smoke-free, and the pricing environment between traditional tobacco products and smoke-free products.

Persons: Philip Morris, Jacek Olczak Organizations: Philip Morris International

☆ Belarus leader says nuclear arms will not be used
▼ + stars: | 2023-06-30 | by ( ) www.reuters.com time to read: +3 min

June 30 (Reuters) - Belarusian President Alexander Lukashenko, the Kremlin's staunchest ally in its war in Ukraine, said on Friday he was certain Russian tactical nuclear weapons deployed in his country would never be used. The Belarusian president, in an address marking his ex-Soviet state's national day, said the stationing of the weapons in Belarus was "my firmest initiative". Lukashenko, like Russia, has repeatedly accused Western countries of trying to destroy his state and says the nuclear deployment is necessary to deter potential aggressors. In his remarks, he said the same Belarusian opposition politicians, now mostly in exile, who denounced the weapons deployment also criticised the construction of a Russian-built nuclear power station now operating in Belarus. "If they shout that nuclear weapons are bad, just do the opposite."

Persons: Alexander Lukashenko, Lukashenko, Vladimir Putin, Sergei Ryabkov, Putin, Yevgeny Prigozhin, Jacek Siewiera, Wagner, I've, Ronald Popeski, Cynthia Osterman Organizations: Russia's Tass, Poland's National Bureau of Security, Financial Times, Thomson Locations: Ukraine, Russian, Belarus, Belarusian, Soviet, Russia, Poland's, Africa, Europe, Poland

☆ At least 22 hurt and one dead in a Juneteenth celebration mass shooting in a Chicago suburb
▼ + stars: | 2023-06-19 | by ( Melia Russell | ) www.businessinsider.com time to read: +3 min

At least 22 people were hurt and one was killed in a Sunday mass shooting at a Juneteenth event. An unknown number of suspects opened fire in a strip mall parking lot in Willowbrook, Illinois. People had gathered to celebrate Juneteenth, a day that marks the end of slavery in the United States. It's unclear what led to the gunfire in a strip mall parking lot in Willowbrook, Illinois. The celebration began around 6 p.m. local time in a strip mall parking lot near Hinsdale Lake Terrace apartments, the DuPage County Sheriff's Office said in a news release, according to The New York Times and CNN.

Persons: —, Joe Biden, Jacek Boczarski, Eric Swanson, J.B, Pritzker, I've Organizations: Service, The New York Times, Union Army, Anadolu Agency, Getty, DuPage County Sheriff's, CNN, Police, Illinois Locations: Willowbrook , Illinois, Chicago, The, United States, Texas, Galveston , Texas, Willowbrook, Hinsdale Lake Terrace, DuPage County

☆ Poland's opposition brings thousands onto streets to protest against nationalist government
▼ + stars: | 2023-06-05 | by ( ) edition.cnn.com time to read: +3 min

Crowds stretching for at least a mile marched with banners reading “Free, European Poland,” “European Union yes, PiS no,” referring to the governing Law and Justice (PiS) party. People march on the 34th anniversary of the first democratic elections in postwar Poland, in Warsaw on June 4, 2023. On Sunday, hundreds of buses arrived in Warsaw to bring opposition supporters from across the country. The opposition sees the legislation as a government attempt to launch a witch hunt against political opponents. “It’s beyond comprehension,” said Andrzej Majewski, 48, from Slupca in western Poland who was in Warsaw to join Sunday’s protest march

Persons: ”, Jaroslaw Kaczynski, I’ve, Jacek Gwozdz, Mateusz Morawiecki’s, Slawomir Kaminski, Agencja Wyborcza.pl, Donald Tusk, “, Tusk, I’m, Andrzej Duda, Andrzej Majewski Organizations: Justice, Police, Kremlin, European Union council, “, Solidarity, European Commission Locations: Warsaw, European Poland, “, Nowy Sacz, Ukraine, Europe, Poland, it’s, United States, Slupca

☆ Polish opposition supporters mark 1989 Solidarity win
▼ + stars: | 2023-06-04 | by ( ) www.reuters.com time to read: +4 min

[1/8] People carry Polish and European Union flags as they take part in a march on the 34th anniversary of the first democratic elections in postwar Poland, in Warsaw, Poland, June 4, 2023. Crowds stretching for at least a mile marched with banners reading "Free, European Poland", "European Union yes, PiS no", referring to the governing Law and Justice (PiS) party. Donald Tusk, head of the Civic Platform grouping and a former European Union council chief, welcomed supporters saying that the voice of Poles could not be silenced. On Sunday, hundreds of buses arrived in Warsaw to bring opposition supporters from across the country. The opposition sees the legislation as a government attempt to launch a witchhunt against political opponents.

Persons: Jaroslaw Kaczynski, I've, Jacek Gwozdz, Mateusz Morawiecki's, Donald Tusk, Tusk, I'm, Andrzej Duda, Andrzej Majewski, Marek Strzelecki, Nick Macfie, Susan Fenton, Angus MacSwan Organizations: REUTERS, Justice, Police, Law and Justice, Kremlin, European Union council, Solidarity, European Commission, Thomson Locations: Poland, Warsaw, WARSAW, Nowy Sacz, Ukraine, Europe, it's, United States, Slupca

☆ Philip Morris International CEO aims to make its stock an ESG investment, FT reports
▼ + stars: | 2023-05-31 | by ( Allison Morrow | ) edition.cnn.com time to read: +3 min

The majority of those sales come from PMI’s “heated tobacco” products, which use electricity to warm, rather than burn, tobacco. “This requires system-level change.”Philip Morris International, headquartered in Switzerland, is the multinational firm that sells Marlboro brand cigarettes in non-US markets. It was spun off in 2008 from Altria Group, which controls Philip Morris USA. That’s especially true in Europe, where ESG accounted for 65% of all flows into ETFs in 2022, according to Morningstar data. Olczak touted PMI’s ESG bona fides on transparency, though he also acknowledged that the use of child labor in tobacco supply chains harmed his company’s ESG rating.

Persons: Philip Morris, Jacek Olczak, ” Olczak, “ I’m, Philip Morris …, ”, ” Philip Morris, ESG, Olczak, “ Organizations: New, New York CNN, Tobacco, Philip Morris International, Financial Times, CNN, ” Philip Morris International, Marlboro, Altria Group, Philip Morris USA, drillers, Morningstar Locations: New York, Switzerland, Europe

☆ I moved from the US to Sweden after struggling with burnout. Now I have 6 weeks of paid vacation per year and rarely work overtime.
▼ + stars: | 2023-05-30 | by ( Hannah Towey | ) www.businessinsider.com time to read: +11 min

Now she rarely works overtime, gets six weeks of paid vacation a year, and got a free master's. In Sweden, if you work late, your boss might flag that your workload is too high, or that you're not capable enough to do your work within work hours. His company sponsored both of our residencies and work visas, so we had the ability to live and work in Sweden full time. I get six weeks of paid vacation every year and I use it allSweden's Annual Leave Act gives workers the legal right to take at least four weeks of consecutive paid vacation between the months of June and August. My company gives us six weeks of paid vacation per year, and I take all of it.

☆ Philip Morris International CEO on mixed Q1 earnings
▼ + stars: | 2023-04-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPhilip Morris International CEO on mixed Q1 earningsPhilip Morris International CEO Jacek Olczak joins 'Squawk on the Street' to discuss where the company's earnings disappointment comes from, whether the company can get to 50% smoke-free products soon, and more.

☆ Polish mayor targeted by Pegasus spyware-media
▼ + stars: | 2023-03-03 | by ( Caitlin Tremblay | ) www.reuters.com time to read: +2 min

WARSAW, March 3 (Reuters) - An opposition-linked Polish mayor had his phone hacked using Pegasus spyware, Gazeta Wyborcza daily reported on Friday, amid allegations that the country's special services have used the technology against government opponents. It said that his number appeared on a list that it had access to as part of the investigative journalism initiative the Pegasus Project. Polish government spokesman Piotr Muller told private broadcaster RMF FM that he did not know about actions taken by special services concerning specific individuals, but that no laws had been broken. A spokesman for the Polish security services could not immediately be reached for comment. NSO has said it cannot confirm or deny any existing or potential customers for Pegasus.

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.

Polish President Andrzej Duda said on Wednesday that access to the site of the explosion would require the agreement of both countries leading the investigation, Poland and the United States. "The Ukrainians asked for access to the site of the investigation. You see shots over Ukraine, fighting over Ukraine, and at some point, in a very short time, you see a certain sequence of events," he added. Police officers walk near the site of an explosion in Przewodow, a village in eastern Poland near the border with Ukraine, November 16, 2022. Przewodow is less than 10 kilometres away from one of the two power lines linking Poland and Ukraine.

Poland's security chiefs to meet after explosion near Ukraine borderPolish political and security leaders will meet again Wednesday to discuss the NATO member country's response to the explosion that killed two people in a rural village near the border with Ukraine on Tuesday. The country's National Security Council will meet at noon local time (6 a.m ET), after first meeting on Tuesday night. Before that Poland will also take part in the NATO meeting Wednesday morning, and President Andrzej Duda will meet Prime Minister Mateusz Morawiecki and other government figures. Poland's National Security Office was already "analyzing the arrangements made so far with commanders, service chiefs and allies," Jacek Siewiera, head of the National Security Bureau, said in a tweet early Wednesday.

☆ Polish president meets CIA Director in Warsaw, says official
▼ + stars: | 2022-11-16 | by ( ) www.reuters.com time to read: 1 min

WARSAW, Nov 16 (Reuters) - Polish President Andrzej Duda met U.S. Central Intelligence Agency Director William Burns in Warsaw on Wednesday evening, the head of Poland's National Security Bureau said. "In the evening, President @AndrzejDuda talked with the head of the CIA, William Burns, who is in Warsaw after his visits to Ankara and Kyiv," Jacek Siewiera wrote on Twitter. "The conversation concerned the general security situation, the context of recent events came up." Reporting by Alan Charlish; editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

☆ 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.

☆ Altria sells U.S. IQOS rights to Philip Morris for $2.7 bln
▼ + stars: | 2022-10-20 | by ( ) www.reuters.com time to read: +2 min

Philip Morris is looking to overturn the ban. Philip Morris, which reports quarterly results later on Thursday, aims to resume supply of IQOS products in the United States by the first half of 2023. Altria still holds the rights to sell IQOS in the United States until May 2024, after which it transitions to Philip Morris. "We are ready to invest behind IQOS to bring it to market at scale across the U.S.," Philip Morris Chief Executive Officer Jacek Olczak said. Altria said it has already received $1 billion from Philip Morris and will receive the remainder by July 2023.

☆ Philip Morris’ Swedish bet may take multiple tokes
▼ + stars: | 2022-10-20 | by ( ) www.reuters.com time to read: +2 min

LONDON, Oct 20 (Reuters Breakingviews) - Philip Morris International (PM.N) may need to show more flexibility. PMI Chief Executive Jacek Olczak has strengthened his hand by sealing a $2.7 billion deal with Altria to buy the rights to sell IQOS heated tobacco products in the United States, giving him an alternative way to grow in smokeless tobacco products. Still, it may be hard to get the Swedish Match deal over the line, given PMI’s ambitious 90% acceptance rate. That’s probably why the shares are currently trading close to the offer price at 112 crowns. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ Philip Morris isn't considering withdrawing Swedish Match bid -CEO
▼ + stars: | 2022-09-28 | by ( ) www.reuters.com time to read: 1 min

GDANSK/LONDON, Sept 28 (Reuters) - Philip Morris (PM.N) is not considering withdrawing its offer for Swedish Match (SWMA.ST) despite deteriorating global economic conditions and has "options on the table" including holding a majority stake, its CEO told Reuters. Jacek Olczak told Reuters that since it made its original bid, the global macro-economic environment has changed. As a result, he believes the offer is "even more attractive than it was the time when we did offer it." Register now for FREE unlimited access to Reuters.com RegisterReporting by Marie Mannes and Richa Naidu; Editing by Matt ScuffhamOur Standards: The Thomson Reuters Trust Principles.

☆ Poland to raise $2.75 billion with energy windfall tax, says minister
▼ + stars: | 2022-09-25 | by ( ) www.reuters.com time to read: +2 min

WARSAW, Sept 25 (Reuters) - Poland expects to raise 13.5 billion zlotys ($2.75 billion) from a windfall tax on energy companies, the state assets minister said late on Saturday, with the money used to offset the impact of rising bills on households. Register now for FREE unlimited access to Reuters.com Register"The estimated budgetary contribution is 13.5 billion zlotys, which we will spend on mitigating the effects of rising energy prices." Prime Minister Mateusz Morawiecki has repeatedly said that excess profits resulting from soaring energy prices should be shared with consumers and has called for change across the sector. Poland has already taken a series of steps to help consumers, such as tax breaks and fuel subsidies for households. It also plans aid for energy intensive companies worth 17.4 billion zlotys between 2022 and 2024.

André Calantzopoulos și Jacek Olczak colaborează îndeaproape de când Philip Morris International a devenit o companie independentă. Jacek Olczak, în vârstă de 55 de ani, are o carieră îndelungată în cadrul Philip Morris International. Portofoliul de produse fără fum al PMI include produse care încălzesc tutunul și produse cu vapori, ce conțin nicotină. Philip Morris International s-a lansat pe piața moldovenească în 1996. În 2018, Philip Morris Moldova a lansat în țară sistemul de încălzire a tutunului.

Persons: André Calantzopoulos, Jacek Olczak, Philip Morris International, PMI, Jacek, André Calantzopoulos ., André, Philip Morris Moldova Organizations: PMI Locations: Moldova

Sondajul independent, realizat în decembrie 2020, a fost efectuat de compania de cercetare Povaddo pentru Philip Morris International (PMI), pe un eșantion de 22.507 adulți din 20 de țări și regiuni. Scopul studiului este examinarea opiniei publice cu privire la rolul alternativelor fără fum, precum și așteptările societății față de autorități și industrie. În mod clar, societatea își dorește ca problema să fie soluționată, 76% dintre respondenți considerând că este important ca guvernele să aloce timp și resurse pentru a reduce rata fumatului. Conform sondajului, strategiile actuale nu sunt considerate ca fiind suficiente, iar mai puțin de o persoană din patru crede că este nevoie doar de o reglementare și impozitare mai severă. „Produsele fără fum pot juca un rol important în reducerea ratei fumatului”, a declarat Jacek Olczak, director de Operațiuni în cadrul PMI.

Persons: Philip Morris International, Jacek

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