Cigarette Maker Cuts Value of Camel and Other U.S. Brands by $31 Billion

Tadeu Marroco, British American Tobacco’s chief executive, said that by 2035, half of the company’s sale would come from vapes, e-cigarettes and other “non-combustibles” from its stable of brands like Vuse and Glo. About 10 percent of the world’s one billion smokers use these products, offering…

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