Philip Morris International shares are trading lower after the company's Swedish Match North America received a subpoena from the Attorney General of the District of Columbia and said it will suspend online sales on ZYN.com.
Portfolio Pulse from Benzinga Newsdesk
Philip Morris International shares are trading lower after its subsidiary, Swedish Match North America, received a subpoena from the Attorney General of the District of Columbia and announced the suspension of online sales on ZYN.com.
June 18, 2024 | 11:18 am
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Philip Morris International shares are trading lower due to legal issues faced by its subsidiary, Swedish Match North America, which received a subpoena and suspended online sales on ZYN.com.
The legal issues and suspension of online sales by Swedish Match North America directly impact Philip Morris International, leading to a negative sentiment and a drop in share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100