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Tobacco intrigue PM was my biggest mover today. Puzzling because the last info I read was India was throwing up roadblocks to foreign investment in its tobacco market so I was expecting a drop in PM instead of this 2% increase. Turns out the market is looking at the merger between BTI and RAI to form a huge (possibly the biggest) tobacco company and anticipating a PM, MO merger as a reaction. We'll see. |
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