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In a defining corporate moment, leaders of America's largest tobacco companies, often referred to as the Seven Dwarfs, testified before Congress and denied that nicotine was addictive. Their statements came despite internal Tobacco Market Size, Trends, Growth Analysis & Outlook, 2026 2031 Shares of tobacco companies fell sharply in trade on January 1 after the government imposed higher excise duty on cigarettes, triggering heavy selling across the sector. ITC shares dropped over 10% to Will governments make tobacco industry pay for all the harms it causes? Confronting the tobacco industry Blog Tobacco Control
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