The global cigarette industry is still a massive money machine Here are the biggest players by market cap Philip Morris International $249.9B British American Tobacco $127.2B British American Tobacco reaffirms 2025 outlook, sees nicotine pouch product gaining traction British American Tobacco Brands & Innovation BAT's R&D Centre: Tech Meets Tobacco With Vaping, Tobacco Heating Products Business Insider Battling unregulated vapes, Big Tobacco tries a new strategy: joining in Reuters
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