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And yet interestingly, Philip Morris, this little boring consumer staples company, has gone up about 30% this year. Yiu was impressed by Philip Morris plans to return to the US (a market it exited in 2008) and expand the reach of its I quit ordinary smoking (IQOS) machines, which use heat not burn technology and have been approved for sale in the US

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A 10 percent increase in cigarette prices reduces the smoking rate of among young adults by 3.5 percent and kids by 6 to 7 percent

Moreover, the potential impact tobacco could have on amplifying CUD indicates that identifying the significance of this relationship is worthy of more study