imperial tobacco investor relations Annual Report 2025 Shareholder Contacts - Imperial Brands

market was appropriate for the protection of public health because the products produce fewer or lower levels of some toxins than combustible cigarettes. Unlike combustible cigarettes, the IQOS devices heat tobacco-filled sticks wrapped in paper, which generates an aerosol that contains nicotine

If a good has no close substitutes, its demand is likely to be somewhat less price elastic

How Do Heated Tobacco Products Work

Meanwhile, other sizes can be used to ageing larger quantities

While the proposed rule might reduce overall cigarette smoking, especially among youth, a study cited by the FDA does note that banning menthol cigarettes may conversely increase vaping 22% by 2026

Tobacco Use Introduction for Israel, World Health Organization 1 2 3 4 "Multiethnic differences in smoking in Israel: pooled analysis from three national surveys"