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I ran a simple regression to normalize the EV/EBITDA for each company by weighing the percentage of revenue each derives from non-combustibles as of their most recent quarterly filings

Yingst explained that this measure can help researchers understand cigarette exposure, as the presence of NNAL in the body can be an indicator that a person has smoked

GM also set the wheels out to the corners and they made the wheelbase longer, both to improve ride and handling

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"Even for the heavier smokers, who smoked more than 32 pack years, compared to current smokers, they will significantly reduce the risk of total mortality by 35 percent (by quitting), so there's a positive message for everybody," said Ahmed