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At face value, while this strategy was intended to diversify group earnings and lock-in a stable source of profits, it effectively achieved the reverse for four main reasons: US cigarette trends have materially worsened since 2016, arguably as a result of significant gains by competing next generation products such as JUUL

That would cut youth smoking rates by 6.5 percent, or 17,500 fewer kids getting hooked, and lead to $367 million less in future health care costs, Orlando said

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With long-term quitting, the risk gets closer to that of never smokers