Philip Morris, Altria Are Facing ITC Investigations; What Should Investors Know?
Altria Group (NYSE: MO) is having a tough few weeks. After reporting tepid first-quarter earnings results April 30, the tobacco giant is now facing an investigation from the U.S. International Trade Commission (ITC).
Along with Philip Morris International (NYSE: PM), Altria is facing an inquiry after three business units of British American Tobacco (NYSE: BTI) filed a complaint with the ITC regarding an alleged infringement of patents pertaining to the technology of heated tobacco products.
For you newbies, a heated tobacco product, at times known as a heat-not-burn (HnB) device, is a smoke-free answer to traditional tobacco cigarettes.
Source Fool.com
