Apr 24, 2017 - Economy

Stat of the day: tobacco companies are killing it

Nati Harnik / AP

From a Wall Street Journal front-pager, "Surprise Rebound ... Against All Odds, the U.S. Tobacco Industry Is Rolling in Money":

  • "Americans spent more at retail stores on cigarettes in 2016 than they did on soda and beer combined."
  • The gist ... Tobacco companies killing it: While far fewer people smoke today, the companies have jacked up prices so much that revenue is higher today than 15 years ago.
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