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The tobacco industry is the ultimate paradoxdeclining customers but soaring profits. Philip Morris International (PM) leads with a $255.49 billion market cap, fueled by a 7.1% revenue boost in Q2 2025, thanks The Biggest Big Tobacco Companies How big tobacco has survived death and taxes Tobacco industry The Guardian Cigarettes still very profitable for Philip Morris TobaccoWatch A merger is the latest sign of Big Tobacco's resilience Scandinavian Tobacco: FY24 Tobacco Insider
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