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The money was earmarked primarily to fund anti-smoking efforts targeted at youth

The difficulty of removing cigarette odor is a problem faced by the majority of smokers and non-smokers alike

But most of the speakers at the hearing urged the committee to recommend approval to give smokers a potentially safer alternative to cigarettes

"While PMTA approval may now be a 2024 event, with expected combined FY23 earnings and yield at double digit, and multiple risk now arguably skewed to the upside in the year ahead, near-term prospects are also still compelling," said Jefferies

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