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They are excellent when used correctly, but can be deadly when used without full information

These changes can lead to precancerous lesions and, in some cases, oral cancer such as squamous cell carcinoma

In a note on Wednesday (July 24), the research house said at 10.6x FY2026F (financial year 2026 forecast) P/E (price-to-earnings ratio), BATs valuations are undemanding, supported by FY2024F-FY2026F yields of 8%-9%

There is an urgency. This tension between helping smokers while minimizing harm to public health is a big reason why health and regulatory agencies have been hamstrung over how to regulate products like IQOS