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Californias Republican party also opposed the ban, saying it would cause a giant loss in tax revenue

Adding to Philip Morris Internationals top strategic team is former FDA chief of staff, Keagan Lenihan, who left the agency in 2021 and joined the tobacco company the following year to run its U.S

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"British American Tobacco s decision to stick to its plan of a 65% pay-out ratio for its dividend in 2020 means investors wont be coughing and spluttering too badly after todays mild profit warning, but they may still feel the need to clear their throat rather nervously after the FTSE 100s move to trim back sales and earnings per share growth forecasts, says Russ Mould, AJ Bell Investment Director