Philip Morris International to Host Webcast of Presentation at the 2025 dbAccess Global Consumer Conference
Article content
Philip Morris International Inc. (PMI) (NYSE: PM) will host a live webcast of the company's remarks and Q&A session with Emmanuel Babeau, Chief Financial Officer, at the 2025 dbAccess Global Consumer Conference on Tuesday, June 3, 2025, at approximately 11:15 a.m. CET (5:15 a.m. ET). The Webcast and presentation slides will be available at www.pmi.com/2025dbaccess, with a post-event recording of the webcast available for one year at the same site.
Article content
The webcast will provide a live stream of the entire PMI session and can also be accessed on mobile devices by downloading PMI's free Investor Relations Mobile App at www.pmi.com/irapp.
Article content
Philip Morris International: A Global Smoke-Free Champion
Article content
Philip Morris International is a leading international consumer goods company, actively delivering a smoke-free future and evolving its portfolio for the long term to include products outside of the tobacco and nicotine sector. The company's current product portfolio primarily consists of cigarettes and smoke-free products, including heat-not-burn, nicotine pouch and e-vapor products. As of December 31, 2024, PMI's smoke-free products were available for sale in 95 markets, and PMI estimates they were used by 38.6 million adults around the world. The smoke-free business accounted for 42% of PMI's first-quarter 2025 total net revenues. Since 2008, PMI has invested over $14 billion to develop, scientifically substantiate and commercialize innovative smoke-free products for adults who would otherwise continue to smoke, with the goal of completely ending the sale of cigarettes. This includes the building of world-class scientific assessment capabilities, notably in the areas of pre-clinical systems toxicology, clinical and behavioral research, as well as post-market studies. Following a robust science-based review, the U.S. Food and Drug Administration has authorized the marketing of Swedish Match's General snus and ZYN nicotine pouches and versions of PMI's IQOS devices and consumables – the first-ever such authorizations in their respective categories. Versions of IQOS devices and consumables and General snus also obtained the first-ever Modified Risk Tobacco Product authorizations from the FDA. With a strong foundation and significant expertise in life sciences, PMI has a long-term ambition to expand into wellness and healthcare areas and aims to enhance life through the delivery of seamless health experiences. References to 'PMI', 'we', 'our' and 'us' mean Philip Morris International Inc., and its subsidiaries. For more information, please visit www.pmi.com and www.pmiscience.com.
Article content
Article content
Article content
Article content
Contacts
Article content
Article content
Article content
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Globe and Mail
an hour ago
- Globe and Mail
Auto industry hit by China's rare earth export curbs as worldwide concerns grow
Some European auto parts plants have suspended output and Mercedes-Benz is considering ways to protect against shortages of rare earths, as concerns about the damage from China's restrictions on critical mineral exports deepen across the globe. China's decision in April to suspend exports of a wide range of rare earths and related magnets has upended the supply chains central to automakers, aerospace manufacturers, semiconductor companies and military contractors around the world. China's dominance of the critical mineral industry, key to the green energy transition, is increasingly viewed as a key point of leverage for Beijing in its trade war with U.S. President Donald Trump. China produces around 90% of the world's rare earths, and auto industry representatives have warned of increasing threats to production due to their dependency on it for those parts. 'It just puts stress on a system that's highly organized with parts being ordered many weeks in advance,' said Sherry House, Ford's finance chief, at an investor conference on Wednesday. She said China's export controls add administrative layers that are sometimes smooth, and sometimes not. 'We're managing it. It continues to be an issue, and we continue to work the issues.' EU trade commissioner Maros Sefcovic said on Wednesday that he and his Chinese counterpart had agreed to clarify the rare earth situation as quickly as possible. 'We must reduce our dependencies on all countries, particularly on a number of countries like China, on which we are more than 100% dependent,' said EU Commissioner for Industrial Strategy Stephane Sejourne. 'The export (curbs) increase our will to diversify,' he said as Brussels identified 13 new projects outside the bloc aimed at increasing supplies of metals and minerals essential. Europe's auto supplier association CLEPA said several production lines have shut down after running out of supplies, the latest to warn about the growing threat to manufacturing due to the controls. Of the hundreds of requests for export licenses made by auto suppliers since early April, only a quarter have been granted so far, CLEPA added, with some requests rejected on what the association described as 'highly procedural grounds.' It did not identify the companies but warned of further outages. While China's announcement in April coincided with a broader package of retaliation against Washington's tariffs, the measures apply globally and are causing worry among business executives around the world. Earlier on Wednesday, Mercedes-Benz production chief Joerg Burzer said he was talking to top suppliers about building 'buffers' such as stockpiles to protect against potential threats to supply. Mercedes was currently not affected by the shortage. BMW said that part of its supplier network was disrupted but its own plants were running as normal. German and U.S. automakers have complained that the restrictions imposed by China threaten production, following a similar grievance from an Indian EV maker last week. Mathias Miedreich, board member for electrified propulsion at German automotive supplier ZF Friedrichshafen, said the company has largely been able to get needed permits from China. In a media briefing on Tuesday, he said he worries though that the situation eventually could resemble the computer-chip shortage during the COVID-19 pandemic, which wiped out millions of vehicles from automakers' production plans. Many are lobbying their governments to find a quick solution but some companies only have enough supplies to last a few weeks or months, Wolfgang Weber, CEO of Germany's electrical and digital industry association ZVEI, said in an e-mailed statement. Swedish Autoliv, the world's biggest maker of airbags and seatbelts, said its operations are not affected, but CEO Mikael Bratt said he has set up a task force to manage the situation. There are few alternatives to China. Automakers from General Motors to BMW and major suppliers like ZF and BorgWarner are researching or have developed motors with low- to zero rare earth content in a bid to cut their reliance on China, but few have managed to scale production to bring down costs. BMW has deployed a magnet-free electric motor for its latest generation of electric cars, but still requires rare earths for smaller motors powering components like windshield wipers or car window rollers. 'There is no solution for the next three years except to come to an agreement with China,' said Andreas Kroll, managing director of Noble Elements, rare earths importer for medium-sized companies and startups without their own inventories. 'China controls practically 99.8 per cent of global production of heavy rare earths. Other countries can only produce these in minimal quantities, virtually on a laboratory scale.' China's slow pace of easing its critical mineral export controls has become a focus of Trump's criticism of Beijing, which he says has violated the truce reached last month to roll back tariffs and trade restrictions. Trump has sought to redefine the United States' trading relationship with its biggest economic rival by imposing steep tariffs on billions of dollars of imported goods in hopes of narrowing a trade deficit and bringing back lost manufacturing. He imposed tariffs as high as 145% against China only to scale them back after a selloff in stock, bond and currency markets over the sweeping nature of the levies. China has responded with its own tariffs and is leveraging its dominance in key supply chains to persuade Trump to back down. Trump and Chinese President Xi Jinping are expected to talk this week to try to iron out their differences and the export curbs are expected to be high on the agenda. In a social media post on Wednesday, Trump said that Xi is 'VERY TOUGH, AND EXTREMELY HARD TO MAKE A DEAL WITH,' highlighting the fragility of the deal.
Globe and Mail
an hour ago
- Globe and Mail
3 surprising market winners in 2025
Investors brave enough to peek at their account statements know that it's been a rocky 2025. Even before tariff-related volatility, DeepSeek AI's launch clouded the major technology theme that powered the market in 2023 and 2024, as AI stocks entered a bear market in March. But there have been equity gains to be had in 2025. When I look at year-to-date returns across indexes, I notice a few surprising stars: European stocks, Latin America, and real estate investment trusts. The common thread that connects the three? All had been underperformers in prior years. European stocks have been made great again Morningstar's European stock index is riding high this year, as the macroeconomic environment has been improving. The financial-services sector, in particular, is a key beneficiary. Then there's Germany's newfound interest in deficit spending and the continent's focus on military self-sufficiency, spurred by the Donald Trump administration. US tariff announcements caused sharp selloffs in Europe, but the recovery has been V-shaped. A weakening US dollar has magnified European equity gains for unhedged US investors. It doesn't hurt that the European Central Bank and the Bank of England have actually been cutting interest rates. My research and investment colleagues have called Europe 'the most attractive developed-markets region globally,' making European stocks worthy of inclusion in a diversified portfolio. Latin America: Can the revival last? South of the US border, stocks are rallying. Morningstar's Latin American equities index is up more than 22% so far in 2025, thanks to Brazil, Mexico, and the smaller markets of Colombia and Chile. Here, too, a weakening dollar has boosted equity returns for unhedged US investors. This marks quite a turnaround from losses of more than 25% in US dollar terms in 2024. Brazil, for its part, faces serious fiscal challenges. In Mexico, sentiment was dented by election results on both sides of the border. Coming into the year, my colleagues on Morningstar's research and investment team identified Brazil as the highest potential global equity market for the coming 10 years. Latin American stocks are volatile but could hold more upside. REITs, especially those outside the US, outperform Real estate investment trusts are also up double digits this year outside the US. Property sectors in many geographies are vibrant, bolstered by low or falling interest rates. What about the US? The Morningstar US REIT Index is well behind the Morningstar Global Markets ex-US REIT Index in 2025, but it's in positive territory, ahead of the broad US equity market. US interest rates that appear to be staying higher for longer are seen as a negative for real estate. That said, REIT yields are attractive, and property is a 'real asset' that can act as an inflation hedge. Diversification assures exposure to unloved asset classes US mega-cap technology-oriented stocks did so well for so long that many investors thought they were the only game in town. Coming into 2025, it was hard to envision how the Magnificent Seven could ever be knocked off their perch. The rise of artificial intelligence, widely viewed as 'bigger than the internet,' seemed inexorable. No one saw DeepSeek AI coming, and few predicted the degree to which tariffs would disrupt. Gravity is a powerful force in investing, too. US stocks, especially on the growth side of the market, posted returns in 2023 and 2024 that far exceeded their historical levels. Their losses in 2025 can be seen as a reversion to the mean, or a return to long-term averages. The surprising winners of 2025 show that investment performance is dynamic. Contrarian bets can be profitable, though they can also take time to pay off. Investors who diversify by geography, style, and market capitalization are also well placed to benefit from leadership change. ___
Globe and Mail
3 hours ago
- Globe and Mail
Top 3 ETFs Defense Hawks Are Buying
Global military spending is accelerating, with total worldwide military expenditures for 2024 estimated at $2.72 trillion. This marks a 9.4% increase in real terms over 2023 levels and the sharpest year-over-year (YOY) rise in decades. While spending in the major military powers of the United States, Russia, China, Germany, and India still accounts for the majority of total defense spending, budgets in other parts of the world are also increasing, particularly given instability in the Middle East and concern in Europe about the escalation of Russia's invasion of Ukraine. Defense hawk investors who believe this trend is likely to continue may be inclined to invest in aerospace and defense firms that are most likely to benefit from increased military spending. Individual investments in this area are accessible for U.S. investors but less so for international defense companies. Hawkish investors seeking broader international exposure to the defense space might consider a dedicated and expansive exchange-traded fund (ETF) targeting this industry. Targeted Global Defense Exposure in a Popular Fund [content-module:CompanyOverview|NYSEARCA:SHLD] The Global X Defense Tech ETF (NYSEARCA: SHLD) has more than $2 billion in assets under management (AUM), making it one of the largest and most popular defense-focused ETFs. SHLD includes about 40 holdings with companies in the industrials, cybersecurity, AI, and drone systems spaces. The fund is fairly concentrated, with positions in German automotive and arms manufacturer Rheinmetall AG (ETR: RHM) and U.S.-based Palantir Technologies Inc. (NASDAQ: PLTR) together accounting for more than 21% of the portfolio. Just over half of the portfolio is given over to U.S. companies, with Germany, France, Britain, and South Korea among the other markets best represented. SHLD offers an expense ratio of 0.50%, which is somewhat high for a passively managed fund but understandable given its global exposure and specialized theme. What's more, the fund's performance in recent months has likely more than made up for its fee—SHLD has returned nearly 52% year-to-date (YTD) and 69% in the past 12 months. North American and European Focus With a New Fund [content-module:CompanyOverview|NASDAQ:NATO] The Themes Transatlantic Defense ETF (NASDAQ: NATO) is a fund specifically focused on aerospace and defense stocks headquartered in the 32 North Atlantic Treaty Organization (NATO) member countries across Europe and North America. NATO's portfolio includes more than 70 companies, and the largest position is under 9% of total assets. This makes the fund somewhat more diversified than SHLD above, even as it has a more narrowly focused geographical purview. NATO is also almost exclusively focused on industrials names, while SHLD gives over a portion of its portfolio to software and AI companies with defense interests as well. More than two-thirds of NATO's portfolio is made up of U.S. companies, with France and the U.K. making up the bulk of the remainder. NATO comes in ahead of SHLD when it comes to fees, as it has an expense ratio of just 0.35%. Having launched last October, it has a limited performance history, but it has generated returns of about 32% YTD. However, with an AUM of around $24 million and a one-month average trading volume hovering around 17,000, investors may find liquidity to be an issue here more so than for SHLD. High-Risk, High-Reward 3X Defense Leverage [content-module:CompanyOverview|NYSEARCA:DFEN] Direxion Daily Aerospace & Defense Bull 3X Shares Fund (NYSEARCA: DFEN) is a fund reserved for defense investors comfortable taking on a high degree of risk. This ETF provides an opportunity for investors anticipating a short-term rally in U.S. defense stocks, offering daily 3X leveraged exposure to a bucket of about 38 companies. Like SHLD above, DFEN is fairly concentrated, with the top two positions representing more than a quarter of assets invested. As with other leveraged funds, DFEN is not designed to be held longer than a single day of trading. This means it may be a viable option for investors holding one of the defense funds above long-term but seeking additional targeted exposure in anticipation of an intraday rally in this industry. Due to its leverage and unique focus, this fund has a higher expense ratio of 0.95%. It also has the highest degree of leverage available in defense ETFs, but there are alternatives providing 2X exposure for investors interested in taking on a more moderate degree of risk. Where Should You Invest $1,000 Right Now? Before you make your next trade, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list. They believe these five stocks are the five best companies for investors to buy now...
