FLER at APE

In Q1 2025, Philip Morris International reported net revenue of $9.301 billion, up 5.8% year-over-year, with operating income rising 16.4% to $3.544 billion. Smoke-free products accounted for 42% of net revenue and 44% of gross profit. Total shipment volume grew 14.4%, with heated tobacco products like IQOS reaching record market shares in Japan and Europe. ZYN nicotine pouch shipments in the U.S. surged 53% year-over-year.

Florida Federal Court ruling supports most claims in ZYN nicotine pouch consumer class action, highlighting misleading marketing and addiction risks.

IKE Tech LLC announced that it has submitted a Premarket Tobacco Application (PMTA) and a Tobacco Product Master File (TPMF) to the U.S. Food and Drug Administration (FDA). The submitted products include a blockchain-based Bluetooth Low Energy (BLE) system-on-chip and a smartphone identity and age verification application.

After the UK's ban on disposable e-cigarettes in June, vape shops report mixed impacts. Some owners see increased sales as customers switch to rechargeable products, while others note a decline in overall sales due to the ban.

The U.S. International Trade Commission (ITC) has announced a partial review of a key ruling in PAX Labs' patent infringement case against STIIIZY and ALD, focusing on whether the economic prong of the "domestic industry" requirement was properly assessed. While the commission previously found some of PAX's patents valid and infringed, it ruled that PAX had not demonstrated sufficient U.S. economic investment to establish a domestic industry, and therefore did not find a violation.

British American Tobacco is seeking a successor for chairman Luc Jobin, who will step down in 2026 due to governance rules.