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Global tobacco stocks may offer higher diversification but face similar ESG concerns

Among the biggest tobacco stocks, Philip Morris International has climbed 4.8%, and Altria has jumped 17.6% year-to-date through Wednesday

Small manufacturers and importers might experience a loss in sales as a result of a number of adult vapers consuming vaping products above 20 mg/mL nicotine not transitioning to vaping products at 20 mg/mL nicotine or below, as well as fewer adults taking up vaping products

The FDA stated that these products may offer potential harm reduction benefits for adult smokers, although the move has drawn criticism from public health advocates concerned about youth vaping

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