Jefferies warned that the sharp hike in cigarette excise duty is clearly negative for ITC in the near term, likely hurting volumes and earnings. The brokerage called the move a major negative surprise for the legal cigarette industry, estimating over a 20% rise in effective tax incidence, and said it increases policy uncertainty despite its continued positive stance on ITC.
Melania Trump rings New York Stock Exchange opening bell to launch new women’s initiative Imperia
On Wednesday, Melania Trump celebrated the launch of her initiative, Imperia, at the New York Stock Exchange, championing women’s leadership and economic empowerment. She emphasized
September 23, 2026