Race to Replace Cigarettes Is Heating Up

Race to Replace Cigarettes Is Heating Up

American smokers trying to quit have a choice between vapes, nicotine pouches and—a more recent introduction—heated tobacco sticks. Cigarette companies have a lot riding on which way they turn. Today, vaping is the preferred alternative to smoking in the US Reynolds American owner British American Tobacco BTI -1.41% expects it to stay that way, arguing …

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