Philip Morris International Hires U.S. Lobbyists As Key IQOS Launch Nears ; Philip Morris International Has Registered New Lobbyists In At Least 19 U.S. States This Year, And Plans To Add Some In Four More In The Next Two Weeks
Portfolio Pulse from Benzinga Newsdesk
Philip Morris International is hiring new lobbyists in the U.S. as it prepares for the launch of its IQOS product. The company has registered new lobbyists in at least 19 U.S. states this year and plans to add some in four more in the next two weeks.
September 27, 2023 | 7:29 pm
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POSITIVE IMPACT
Philip Morris International's increased lobbying efforts suggest a significant push for the successful launch of its IQOS product in the U.S. This could potentially impact the company's stock positively if the launch is successful.
The hiring of lobbyists is a strategic move by Philip Morris International to ensure a smooth launch of its IQOS product in the U.S. This could potentially lead to increased sales and revenue, which would likely have a positive impact on the company's stock price. However, the actual impact will depend on the success of the product launch.
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IMPORTANCE 80
RELEVANCE 100