So far this year, a basket of six global tobacco stocks have produced an average total return of 43%, according to The Wall Street Journal.
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The high court’s ruling effectively bans flavored vape products because of concerns that they could appeal to kids.
The regulator had banned the company’s e-cigarettes in 2022, but they stayed on store shelves while an appeal process played out.
Prime Minister Rishi Sunak announced on Wednesday that he plans to raise the legal smoking age by one year every year.