These products, that can reduce the risk. What is important to understand is first of all people know that welcome to hardtalk. Cigarettes cause disease im stephen sackur. And are addictive. Today im inside the Swiss Research laboratories of an International Business which makes billions lets be very blunt, of dollars every year making you are the boss of the biggest and selling a highly addictive, International Cigarette manufacturer in the world. Potentially lethal product. Cigarettes kill people. These laboratories belong cigarettes kill hundreds to Philip Morris international, of thousands, millions of people. The makers of marlboro and a host yes. Of other cigarette brands. You sit at the top of a company that my guest today is ceo makes and sells cigarettes. Of the company, first of all, people andre calantzopoulos. Also buy cigarettes and somebody has to supply them. Now, he says he is leading Philip Morris into but the key question is what do a smoke free future 00 01 45,476 21
Switching from Core Products to smoking a cigarette sent vaping. Both companies have invested an awful lot of money in these new technologies so both of them have invested, they have invested in axios. Algeria invested, they have altria. They are very investing heavily in these technologies. There isa heavily in these technologies. There is a race between all these Tobacco Companies that we know of one who will be the winner in this alternative market. Investors are not keen because for example Philip Morris international is saying, why would we want to pay a big premium for altria . We would we want to pay a big premium for altria 7 we own would we want to pay a big premium for altria . We own a strong portfolio of brands such as malboro. We are seeing people switch over. Philip Morris International has done really well in converting over 7 million smokers in japan really well in converting over 7 million smokers injapan and the asian markets into vaping. Can they do the same in the u
Now on bbc news, its hardtalk. Welcome to hardtalk. Im stephen sackur. Today im inside the Swiss Research laboratories of an International Business which makes billions of dollars every year making and selling a highly addictive, potentially lethal product. These laboratories belong to Philip Morris international, the makers of marlboro and a host of other cigarette brands. My guest today is ceo of the company, andre calantzopoulos. Now, he says he is leading Philip Morris into a smoke free future is that clever strategy or the most outrageous corporate hypocrisy . Andre calantzopoulos, welcome to hardtalk. Thanks for having me. I want to begin with a little bit of history you have been with the Philip Morris organisation for more than 30 years. You lived through that period in the late 80s, 1990s, when it became clear that Philip Morris and the other Big Tobacco Companies had systematically lied, deceived and manipulated the public about the nature of cigarettes, the dangers of cigare
To knock the argentine peso down by about 2 percent against the dollar falling to 59. 00 against dollars. In the trade war continues to rage on as weve reported in the scuffle and spread to the auto sector now theres a new moves in the auto sector to report and pulling up to catch us up on all busy this and all things automotive is the cars coach lauren fix so lauren 1st lets get right into the tesla news this week china a ministry of industry and Information Technology said on friday that the cars all 16 models sold in china will now be exempted from a 10 percent sales tax in the ministry did not give a reason for this favorite treat men although the founder either musk has been noticeably praised in china and seems to be very committed to selling and investing in that market so is this enough to offset all of those other troubles or at least keep them afloat for a while. While i think its going to help china you have to remember that he didnt 1st announce that hes going to raise pric
Inversions plus, tiffanys mixed quarter, the luxury retailer with an earnings beat. Peloton getting set for the public debut, widening losses ahead of its initial Public Offering as we have said twice now, stocks are set to open lower on worries about Global Growth and the risk of recession. Investors paying close attention to that yield curve and its inversions of the two and ten as well as trade tensions between the u. S. And china about an hour ago or so, we got a president ial tweet, quote, so interesting to read and see all of the free and interesting advice im getting on china from people who tried to handle it before and failed miserably. They got taken to the cleaners, were doing very well with china. This has never happened to them before this being a preference to the large tariffs in place that are set to go up september 1 and then december 15 and the overall there has been some press that echoed some things i was hearing shared on monday that the idea that the chinese have