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In December 2021, Philip Morris Internationals three rivals wrote to the Egypt Federation of Industries to notify the business group that they would not bid, saying the license terms would create a quasi-monopoly situation in the cigarette market and will clearly restrict free competition. In April 2022, a winner was announced: The new license went to a small Egyptian firm named United Tobacco Co

The researchers found that five of the 80 participants in the intervention group had quit smoking at the six month follow-up compared with only one from the control group

Digging deeper into this disappointing earnings report reveals what was, for the most part, an impressive quarter