ASH Daily News for 16 October 2018
- BAT’s shares slump as heat-not-burn fails to take off
- Study: Around half of hip-hop videos feature smoking
- Malaysia: cigarette prices to increase
BAT’s shares slump as heat-not-burn fails to take off
British American Tobacco has announced that revenue from smoking alternatives will miss expectations this year as it issued a more pessimistic outlook for the tobacco industry’s new products than rival Philip Morris International.
BAT shaved 10% off its target for revenue from electronic and non-combustible cigarettes this year. The fall in the revenue target comes after it recalled a device in the U.S. and Japanese as demand for so-called heat-not-burn tobacco has gone flat. The stock fell as much as 1.3%, trading near its lowest level in four years.
So-called heat-not-burn technology like BAT’s Glo is “not a complete substitute for smoking,” Ben Stevens, BAT’s financial director, said in a phone interview. “It’s not going to sweep the world as some of our competitors say it will.”
Source: Bloomberg, 16 October 2018
Study: Around half of hip-hop videos feature smoking
Almost half of the music videos for hip hop’s biggest hits over the past five years have featured scenes of smoking or vaping, new research has found. Researchers at Dartmouth Institute for Health Policy logged smoking scenes in the videos of major hits in Billboard magazine’s hip hop charts between 2013 and 2017.
Of the 1,250 songs that made the Billboard ‘Top 50’ hip hop and R&B chart, between 40% and 50% had clips that featured some form of smoking, depending on the year. The music videos were collectively viewed some 49 billion times.
The smoking included cigarettes, joints (pure cannabis rolled in cigarette paper), spliffs (weed and tobacco), blunts (marijuana rolled in cigar leaves) and pipes. Images of vaping also featured.
Source: JAMA Internal Medicine, Combustible and Electronic Tobacco and Marijuana Products in Hip-Hop Music Videos, 2013-2017
Site: EurekAlert, 15 October 2018
Malaysia: cigarette prices to increase
The Malaysian Health Minister has announced that cigarette prices are set to rise at the end of this month. He said the price increase was in line with the recent Sales and Service Tax (SST) implementation on Sept 1.
“The SST will cause the prices of all tobacco products to increase. The Health Ministry is in the midst of coordinating the new prices of all tobacco products including cigarettes”, the Minister was quoted as saying.
Source: The Star Online, 16 October 2018