🟢 Philip Morris International is trading 4.2% up today as it doubles ZYN manufacturing investment to $1.2 billion

Philip Morris International is trading 4.2% up at $205.25 as it doubles its investment in a Colorado ZYN manufacturing campus to $1.2 billion.

• The move highlights management’s confidence in rapidly growing nicotine-pouch demand and reinforces the company’s smoke-free transition story.
• Shares are extending a multi-day advance as investors rotate into defensive consumer-staples names while broader markets trade mixed.