Emma Romney's questions to Altria Group Inc (MO) leadership • Q4 2024
Question
Emma Romney from Reuters asked about expectations for tobacco policy changes under a new administration, including the PMTA process and potential tariffs on vaping products, and how Altria might mitigate any impacts.
Answer
CEO William Gifford stated that Altria believes the regulatory system is broken and hopes to see the FDA become more expedient in authorizing legal products while enforcing against illicit ones. He affirmed support for the PMTA process to ensure standards. Regarding tariffs, Gifford noted Altria would have limited impact from potential tariffs on China, as the company utilizes alternative production facilities outside of China for its vaping products.