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☆ Sports betting is the next frontier for Wall Street's smartest quants to conquer
▼ + stars: | 2024-10-29 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +5 min

The space has exploded in the US as dozens of states have legalized online gambling. Just as quant traders have changed equity markets forever, sports betting might be next. AdvertisementThrough the second quarter of this year, online gambling site FanDuel averaged 3.3 million bettors each month. AdvertisementAlready, the smartest Novig users are sanding away the easiest returns. There's demand from Novig users for the exchange to release software that would allow traders to program a bot to trade for them.

Persons: —, Ed Thorp, Jim Simons, Ken Griffin, AQR's Cliff Asness, PDT's Peter Muller, Bill Bentley, Kelechi Ukah, Jacek Dmochowski, Paddy, Dmochowski, Jane, Ukah, sportsbooks Organizations: Service, Renaissance Technologies, MIT, Business, City College of New, Sports, UCLA, Paddy Power, MGM Locations: Dublin, City College of New York, Vegas

☆ Watch CNBC's full interview with Philip Morris CEO Jacek Olczak
▼ + stars: | 2024-10-22 | 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 EmailWatch CNBC's full interview with Philip Morris CEO Jacek OlczakJacek Olczak, Philip Morris CEO, joins 'Money Movers' to discuss the company's quarterly earnings results, what's driving the accelerated demand growth, and the company's margin picture.

Persons: Philip Morris, Jacek Olczak Jacek Olczak, what's

☆ Philip Morris CEO weighs in on Q3 results
▼ + stars: | 2024-10-22 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPhilip Morris CEO weighs in on Q3 resultsJacek Olczak, Philip Morris CEO, joins 'Money Movers' to discuss the company's quarterly earnings results, what's driving the accelerated demand growth, and the company's margin picture.

Persons: Philip Morris, Jacek Olczak, what's

☆ Europe’s centrists are flocking to the right on migration, as a far right surge and a border crisis spooks the continent
▼ + stars: | 2024-10-20 | by ( Rob Picheta | ) edition.cnn.com time to read: +10 min

Increasingly, Europe’s centrist figureheads are dropping their once-high-minded rhetoric on irregular migration, reaching instead for positions that were previously the preserve of the continent’s populist rabble-rousers. In Poland, like in much of Europe, “voters across the board expect that border security and migration controls are the priority,” Kucharczyk said. But Thursday’s victory for Tusk in Brussels underscores a broader, rightward shift across Europe on the issue of irregular migration. “It’s an existential issue for this coalition, and they don’t want to take chances on issues like migration,” Kucharczyk said. The wider question is whether the longstanding principles of the border-free Schengen Area can survive an enduring era of rising migration and populist subversion.

Persons: Donald Tusk, ” Tusk, Spain’s Pedro Sanchez –, Tusk, ” Jacek Kucharczyk, Emmanuel Macron, Germany’s, Olaf Scholz, ” Kucharczyk, ”, Adnan Beci, Ursula von der Leyen, Chancellor Scholz, Keir Starmer –, –, Scholz, Thomas Niedermueller, Italy’s, Giorgia Meloni, “, Marta Welander, PiS, Poland’s, Kucharczyk Organizations: CNN, European Union Council, of Public Affairs, Wednesday, Getty, European Commission, EU, Committee, Law and Justice, SPD, ISIS, – Locations: Brussels, Poland, EU, Belarus, Europe, Russia, Albania, Warsaw, AFP, EU’s, France, Luxembourg, Netherlands, Belgium, Denmark, Finland, Solingen, Hungary, Slovakia

☆ Central Europe braces for more flooding as death toll rises
▼ + stars: | 2024-09-16 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +4 min

A man shovels debris in floodwater following heavy rainfall in Jesenik, Czech Republic, on Sept. 15, 2024. In Jesenik, a Czech town across the border that was inundated on Sunday, a clean-up was starting after waters receded to show damaged cars and debris on the streets. Flooded parts of the northeastern Czech city of Ostrava forced the closures of a power plant supplying heat and hot water to the city as well as two chemical plants. State news agency PAP reported five deaths in Poland, and in the Czech Republic one person died, a police official said. Slovakia’s capital Bratislava and the Hungarian capital Budapest were both preparing for possible flooding as the River Danube rose.

Persons: Donald Tusk, Michal Piszko, David W Cerny, ”, Zdenek Kuzilek, Emil Dragomir, Slobozia Conachi, Jacek Sutryk, Sandor Pinter Organizations: European Union, Reuters, “ Telephones, Facebook Locations: Europe, Czech Republic, Poland, Austria, Romania, European, Klodzko, Czech, Jesenik, Polish, Nysa, Slobozia, Romanian, Kozielno, Wroclaw, Silesia, Prague, Ostrava, Austrian, Lower Austria, Vienna, Slovakia’s, Bratislava, Budapest, Hungarian

☆ National Suicide Prevention Month: How to reduce suicide risk
▼ + stars: | 2024-09-04 | by ( Kristen Rogers | ) edition.cnn.com time to read: +8 min

Not everyone who attempts suicide has a mental health conditionOne of many common myths about suicide is that only people with mental health conditions have suicidal thoughts or attempt suicide. Describing a suicide attempt as “successful” is also problematic, as taking one’s life is not a positive achievement. “Failed suicide attempt” can suggest that surviving isn’t the best outcome or that there’s something lacking in the character or willpower of the attempter. Given these factors, when referring to suicide, appropriate language includes “died by suicide,” “fatal suicide attempt,” “killed herself” or “took his own life,” experts said. Acceptable shorthand ways to communicate not dying from an attempt include “nonfatal suicide attempt” or simply “suicide attempt.”Using more compassionate language to discuss suicide can also improve empathy and strategies for reducing suicide risk, experts said.

Persons: CNN —, Mitch Prinstein, Prinstein, John Van Seters, Justin Baker, ” Baker, haven’t, isn’t, That’s, Michael Roeske, I’ve, life’s, —, Roeske, “, Jacek Debiec, ” “, ” Organizations: International Association for Suicide Prevention, Befrienders, CNN, US Centers for Disease Control, American Psychological Association, Neuroscience, University of North, Prevention, Initiative, Veterans, Ohio State University, Globally, University of Michigan Locations: United States, University of North Carolina, Chapel

☆ 'I just wanted to take a break:' Some early-stage founders are putting their startup dreams on hold in the tech downturn to try corporate life
▼ + stars: | 2024-07-24 | by ( Ben Bergman | ) www.businessinsider.com time to read: +6 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewMehak Vohra has been a startup founder ever since she dropped out of college in 2016. But earlier this year, she shut down Skillbank and joined a bigger tech company as its head of marketing. That has early-stage startup founders who founded companies during the free-flowing boom cycle that ended in 2022 rethinking whether they want to be founders after all. I have a much bigger social life now, and I don't feel bad about going out."

Persons: —, you've, Ishita Arora, Arora, Jacek Prus, Prus, Sri Chandrasekar, Chandrasekar, I've Organizations: Service, Jamocha Media, Business, Instrumentl, Animal, Point72 Ventures Locations: San Francisco

☆ Poland activates its air force after a Russian cruise missile violated its airspace during a huge attack on Ukraine
▼ + stars: | 2024-03-24 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +2 min

Poland said it activated its air force after Russia violated its airspace during missile attacks on Ukraine. Russia has been intensifying aerial attacks on western Ukraine. AdvertisementPoland said it has activated its air force after Russia violated its airspace while carrying out a major missile attack on western Ukraine. AdvertisementPoland's army spokesperson, Jacek Goryszewski, said the missile traveled about 2 km, or 1.2 miles, into Polish airspace before returning to Ukraine, per Reuters. Russia has conducted a major campaign of aerial attacks on Ukraine's capital Kyiv and the western region of Lviv in recent days.

Persons: —, Jacek Goryszewski, Jacek Siewiera, Kryvyi Rih, Volodymyr Zelenskyy Organizations: Service, Polish Armed Forces Operational Command, Command, Reuters, Polish National Security Bureau, NATO, Infrastructure, Kyiv Independent Locations: Poland, Russia, Ukraine, Moscow, Oserdów, Polish, Kyiv, Lviv, Kryvyi, Western

☆ Federal investigators look into crash of Mustang Mach-E equipped with driver assistance tech
▼ + stars: | 2024-03-18 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +3 min

CNN —Investigators with the National Highway Traffic Safety Administration and National Transportation Safety Board are investigating a fatal crash involving a Ford Mustang Mach-E equipped with advanced driving assistance technology. Ford shows off the new model 2024 Ford Mustang Mach-E GT during the Chicago Auto Show at McCormick Place convention center in Chicago, Illinois on February 8, 2024. Federal investigators are looking at dozens of crashes involving so-called advanced driver assistance, or ADAS, systems. ADAS systems handle basic driving tasks such as keeping the vehicle in its lane while maintaining a safe distance behind vehicles ahead, usually in highway driving only. Fourteen of these systems, including two from Ford, were recently rated by the private Insurance Institute for Highway Safety.

Persons: Jacek Boczarski, Ford, IIHS, Jennifer Homendy Organizations: CNN, National, Traffic Safety Administration, National Transportation Safety, Ford, of Highway Safety, NTSB, Chicago Auto, McCormick, Getty, NHTSA, Wall Street, Federal, General Motors, Volvo, Insurance Institute for Highway Safety Locations: “, San Antonio, Chicago , Illinois, Anadolu, Ford, Texas

☆ Ashwath Kaushik: Record-breaking 8-year-old chess prodigy tells CNN he wants to become a ‘world champion’
▼ + stars: | 2024-02-23 | by ( Ben Church | ) edition.cnn.com time to read: +4 min

I felt amazing, just unbelievable,” adds Ashwath, who started playing chess when he was just four years old and quickly fell in love with the “really fun” game. Ashwath was then given a chess board and it wasn’t long before he started beating his parents and grandparents. “A world champion,” he says, without hesitation, when asked what he wants to become when he’s older, before adding: “That will be a bit of time. Carleton Lim/Singapore Chess FederationGiven his rapid development as a chess player, Ashwath is unlike most eight-year-olds, but, in many ways, he’s also like any other child his age. Proud parentsWith the help of his parents, Ashwath also streams some of his games and puzzles online and set up a YouTube channel where he has previously showcased his skills.

Persons: Ashwath Kaushik, Poland’s Jacek Stopa, Leonid Ivanovic –, Ashwath, Stopa, “ I’ve, ChessKid.com, Rohini Ramachandran, ” Ashwath, I’ve, – Ashwath, ”, he’s, he's, Carleton Lim, ” Ramachandran, We’ve Organizations: CNN, CNN Sport, Singapore, Federation Locations: Switzerland, Serbian, Ashwath

☆ Ashwath Kaushik: 8-year-old prodigy makes history after beating chess grandmaster
▼ + stars: | 2024-02-20 | by ( Ben Church | ) edition.cnn.com time to read: +2 min

At eight years, six months and 11 days, Ashwath Kaushik made history on Sunday by becoming the youngest player ever to beat a chess grandmaster in a classical tournament game. The youngster, who lives in Singapore, achieved the feat after beating Poland’s Jacek Stopa, 37, in round four of the Burgdorfer Stadthaus Open in Switzerland. “It felt really exciting and amazing, and I felt proud of my game and how I played, especially since I was worse at one point but managed to come back from that,” Kaushik told Chess.com after beating Stopa. Ashwath has earned the attention of some of the chess world's biggest names like Anish Giri. Every day is a new discovery, and we sometimes stumble in search of the right pathway for him,” his father, Kaushik Sriram, told Chess.com.

Persons: there’s, Ashwath Kaushik, Poland’s Jacek Stopa, Leonid Ivanovic –, Ashwath, Stopa, ” Kaushik, Chess.com, Anish Giri, Carleton Lim, Ashwath’s, ”, Kaushik Sriram Organizations: CNN, Stopa, Singapore Chess Federation Locations: Singapore, Switzerland, Serbian, India

☆ Poland Starts Probe Into Allegations of Illegal Phone-Hacking
▼ + stars: | 2024-02-19 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +3 min

"Our work in the investigative commission will cause not only an earthquake, but also a tsunami." PiS say the changes are a political witchhunt and that it always acted legally. I'm sure that every surveillance conducted by secret services was accepted and ordered by court," former Deputy Justice Minister Sebastian Kaleta said. However, Polish media have recently reported that the spyware may have also been used against PiS politicians, news that if proved true could strain lawmakers loyalties. "It seems to me that this may be, unfortunately, a trial by fire that (PiS) won't necessarily pass," said Anna Materska-Sosnowska, a political scientist at Warsaw University.

Persons: Witold Zembaczynski, Jacek Karnowski, Sebastian Kaleta, Anna Materska, Jaroslaw, Kaczynski, Alan Charlish, Pawel Florkiewicz, Anna Wlodarczak, William Maclean Organizations: Monday, Pegasus, Civic Coalition, Associated Press, Warsaw University Locations: WARSAW, Israel

☆ Philip Morris CEO on Q4 earnings
▼ + stars: | 2024-02-08 | 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 on Q4 earningsPhilip Morris CEO Jacek Olczak joins 'Money Movers' to discuss the company's quarterly earnings results, the growth prospects for Zyn, and whether the smoke-free market is growing.

Persons: Philip Morris, Jacek Olczak

☆ 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

☆ Analysis: In Poland, Donald Tusk is spoiling for a fight. His populist opponents are hitting back
▼ + stars: | 2024-01-27 | by ( Rob Picheta | ) edition.cnn.com time to read: +11 min

The country’s public television channel, TVP, which essentially became a mouthpiece for the previous government, has been ripped off the air. Omar Marques/Getty ImagesBut Tusk – a politician with a reputation for pragmatism and restraint – showed his intentions within days of taking office. “It became symbolic of the excesses of the PiS government,” Bill said of TVP’s transformation into a Hungarian-style state-captured medium. “One of the unifying forces of PiS supporters is distrust, or even hatred, of Donald Tusk,” Kucharczyk said. Nonetheless, after eight years of populist rule that hardened the battle lines of Polish politics, much of the public is spoiling for a fight.

Persons: Donald Tusk, ”, “, Jacek Kucharczyk, Tusk, ’, Kucharczyk, Stanley Bill, Bill, “ It’s, Andrzej Duda, PiS, Omar Marques, –, Duda, ” Bill, ” Kucharczyk, TVP, ” Tusk, Ursula von der Leyen, Tusk’s, Jaap Arriens, messier Organizations: CNN, Law, Justice, of Public Affairs, Polish Studies, University of Cambridge, TVP, Twitter, National Media Council, Police, European Union, “ Locations: Poland, Polish, Warsaw, Hungarian, Tusk’s, Brussels, TVP

☆ Leaked German military documents laid out a doomsday scenario where Russia wins in Ukraine then invades Europe
▼ + stars: | 2024-01-16 | by ( Tom Porter | ) www.businessinsider.com time to read: +3 min

Read previewLeaked German military documents describe a chilling scenario where Russia wins in Ukraine and then goes to war with NATO. The Baltic states and their neighbors. Google MapsThe end goal would be to move Russian troops into the Suwałki Gap, Bild reported, citing the documents. If occupied by Russia, it would cut the Baltic states off from other parts of Europe. Under the scenario obtained by Bild, NATO would fight Russia to prevent it from occupying the gap.

Persons: —, Axel Springer, Vladimir Putin, Putin, Joe Biden's, Jacek Siewiera Organizations: Service, Russia, NATO, Business, Bild, Germany's Defense Ministry, Google, Defense Ministry, Kremlin Locations: Ukraine, Russia, Eastern Europe, Baltic, Estonia, Lithuania, Latvia, Belarus, Kaliningrad, NATO's, Europe, US, Russian

☆ Poland's President and Government at Odds Over Dismissal of State Prosecutor
▼ + stars: | 2024-01-15 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +3 min

WARSAW (Reuters) - Poland's justice minister acted illegally in dismissing state prosecutor Dariusz Barski, a top presidential aide said on Monday, opening a new front in the conflict between the head of state and the new government. Justice Minister Adam Bodnar has been tasked with unpicking policies of the previous nationalist Law and Justice (PiS) government which critics say increased political influence over the judicial system. "The actions of the justice minister are illegal," Marcin Mastalerek, the head of Duda's office, told private broadcaster Radio Zet. "The president says directly that Mr Barski is the state prosecutor and today - it seems that this meeting has started - that is what he will tell the prosecutor," Mastalerek said. Bodnar said he had given Jacek Bilewicz the responsibilities of state prosecutor on an interim basis while a selection process for a permanent replacement takes place.

Persons: Dariusz Barski, Adam Bodnar, Andrzej Duda, Marcin Mastalerek, Barski, Zbigniew Ziobro, Mastalerek, Duda, Donald Tusk, Bodnar, PiS, Jacek Bilewicz, Alan Charlish, Anna Koper, Ros Russell Organizations: Law and Justice, Union, Radio Zet Locations: WARSAW, Poland

☆ Possible Polish plan to send troops to Russian border will stoke tensions -Kremlin
▼ + stars: | 2023-11-29 | by ( ) www.reuters.com time to read: +2 min

[1/2] Closed Vaalimaa border station between Finland and Russia in Virolahti, Finland on November 29, 2023. Finland closes temporarily its sole remaining border crossing with Russia. "A team of military advisors will provide on-site knowledge on border security, also in operational terms," he said. Finland has closed its border with Russia after a sudden wave of refugee arrivals that Helsinki said was orchestrated by Moscow, something Russia has denied. In a call with reporters, Kremlin spokesman Dmitry Peskov said in reference to Poland's possible moving of troops to the border: "This is an absolutely redundant measure to ensure border security, because there is no threat there."

Persons: Lehtikuva, Lauri Heino, Jacek Siewiera, Sauli Niinisto, Andrzej Duda, Dmitry Peskov, Anne Kauranen, Felix Light, Andrew Osborn, Bernadette Baum Organizations: REUTERS Acquire, stoke, Poland's National Security, Reuters, Thomson Locations: Finland, Russia, Virolahti, MOSCOW, HELSINKI, Poland, Helsinki, Moscow, Warsaw

☆ Kremlin warns of tensions if Poland sends troops to Finnish-Russian border
▼ + stars: | 2023-11-29 | by ( ) www.reuters.com time to read: +2 min

[1/2] Closed Vaalimaa border station between Finland and Russia in Virolahti, Finland on November 29, 2023. Finland closes temporarily its sole remaining border crossing with Russia. "A team of military advisers will provide on-site knowledge on border security, also in operational terms," he said. Finland's Border Guard and the interior ministry both said they were unaware of any plan to bring Polish military advisers to Finland's eastern border. Finland infuriated Russia earlier this year when it joined NATO, ending decades of military non-alignment, due to the war in Ukraine.

Persons: Lehtikuva, Lauri Heino, Jacek Siewiera, Dmitry Peskov, Sauli Niinisto, Andrzej Duda, Anne Kauranen, Felix Light, Andrew Osborn, Gareth Jones Organizations: REUTERS Acquire, Kremlin, Polish National Security Bureau, NATO, Finland's Border Guard, Reuters, Thomson Locations: Finland, Russia, Virolahti, MOSCOW, HELSINKI, Moscow, Poland, Helsinki, Finnish, Warsaw, Ukraine

☆ Polish president to swear in government; opposition condemns 'farce'
▼ + stars: | 2023-11-27 | by ( ) www.reuters.com time to read: +2 min

[1/2] Polish Prime Minister Mateusz Morawiecki speaks during the first session of the newly elected Polish parliament in Warsaw, Poland November 13, 2023. REUTERS/Kacper Pempel/File Photo Acquire Licensing RightsWARSAW, Nov 27 (Reuters) - Poland's president will on Monday swear in members of a government that will likely only last until December, in what opposition parties say is a "farce" intended to delay them from taking power after they won a majority in an October election. "The point is that there should not be too many politicians in this government," he told state-run news agency PAP. The prime minister has vowed to implement the policy proposals of opposition parties in a bid to persuade them to work with him. Opposition parties accuse the government of stalling tactics designed to cover up evidence of wrongdoing during their time in power.

Persons: Mateusz Morawiecki, Kacper, Andrzej Duda, Mariusz Blaszczak, Jacek Sasin, Jaroslaw Kaczynski, PiS, Marcin Kierwinski, Alan Charlish, Pawel, Ed Osmond Organizations: Polish, REUTERS, Rights, and Justice, Pro, European Union, Union, liberal Civic Coalition, Radio Zet, Thomson Locations: Warsaw, Poland

☆ Ukraine Warns of Border Delays Due to Polish Haulier Protest
▼ + stars: | 2023-11-02 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +2 min

KYIV/WARSAW (Reuters) - Ukraine's border guard on Thursday warned of possible delays at the country's border with Poland due to protest action by Polish hauliers that is set to block traffic on several crossing points. A co-organizer of the protest told Reuters that the blockade was the result of Ukrainian haulage companies flooding the Polish market and hurting local companies. It was set to start on Nov. 6 around noon, deputy head of the Committee to Protect Transporters and Transport Employers Jacek Sokol told Reuters. Ukrainian transport companies are also entering without restrictions and carrying out transport operations they have no right to perform," Sokol said. Most of the goods are carried by Ukrainian transport fleet.

Persons: Rava, Employers Jacek Sokol, Sokol, Pavel Polityuk, Marek Strzelecki, Karol Badohal, Alison Williams, Christina Fincher Organizations: Reuters, Employers, Ukrainian Infrastructure Ministry, European Union Locations: KYIV, WARSAW, Poland, Ukraine, Europe, Russia

☆ 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

Partial results with two-thirds of the voting districts reporting their results also showed the opposition parties with a clear lead. The earlier results tend to come from rural areas and small towns, with large cities where opposition parties do better reporting their results later. The Ipsos poll showed that three centrist opposition parties that campaigned on a promise to reverse the illiberal drift of the government had together secured 249 seats in the 460-seat lower house of parliament, or Sejm, a clear majority. “No matter how you look at it, we won,” Law and Justice campaign manager Joachim Brudziński said Monday in an interview on RMF FM radio. Even if the opposition parties take power, they will face difficulties in putting forward their agenda.

Persons: Ipsos, Viktor Orbán, Robert Fico, “, Magdalena Chmieluk, ”, Douglas Wake, Jacek Kucharczyk, ” Kucharczyk, Mateusz Morawiecki, Joachim Brudziński, Andrzej Duda, Duda, haven't, Kamysz, Donald Tusk, Tusk, Elżbieta, Cezary Tomczyk, ” Tomczyk, Kucharczyk, Pietro De Cristofaro, Kwiyeon, Raf Casert Organizations: European Union, Law, Justice, Russia's, Organization for Security, Cooperation, Institute of Public Affairs, Associated Press, ”, RMF, Third Way, Civic Coalition, European, Third, EU Locations: WARSAW, Poland, Poland's, Ukraine, Wroclaw, EU, Brussels, Berlin, Hungary, Russia, Slovakia, Europe, Warsaw, Rome, Belarus

☆ Big Tobacco turns to rooibos tea to counter upcoming ban
▼ + stars: | 2023-10-16 | by ( Emma Rumney | ) www.reuters.com time to read: +5 min

Tobacco companies have yet to publish any research showing the health implications of rooibos or other zero-tobacco sticks, Simonavicius added. PMI (PM.N) CEO Jacek Olczak told shareholders that its zero-tobacco sticks could avoid the regulatory scrutiny that tobacco products face. BAT's zero-tobacco sticks are not subject to current EU tobacco rules, the company told Reuters. That means it can sell rooibos sticks in flavours like peppermint and tropical fruit even after a ban on flavoured heated tobacco products is implemented across the bloc later this month. Across the European Union, heated tobacco products must be taxed at a minimum of 20% of the retail price, though national governments can go higher.

Persons: Erikas Simonavicius, Simonavicius, Philip Morris, Jacek Olczak, Jefferies, Owen Bennett, Bennett, Phil Gorham, Gorham, Fabienne, Morningstar's Gorham, Shabab, Emma Rumney, Matt Scuffham, Kirsten Donovan Organizations: Big Tobacco, British American Tobacco, Union, Tobacco, BAT, Reuters, King's College, King's College London . Tobacco, Philip Morris International, PMI, Rivals Imperial Brands, Japan Tobacco International, Morningstar, EU, Dunhill, Lucky, European Union, University College London . Tobacco, Thomson Locations: Cape, Germany, Greece, King's College London

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