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BAT's $31.5 Billion Write-Down
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BAT writes down $31.5 billion from the value of U.S. cigarette brands due to declining traditional tobacco market, attributed to stricter regulation, health risks, and economic challenges. The company's shares fell, wiping about 4 billion pounds of its value, while it aims for 50% non-combustible revenue by 2025.
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How might BAT's shift towards non-combustibles impact the traditional tobacco market and related industries?
What implications does BAT's write-down have for the broader financial and investment landscape?
What strategies could BAT employ to achieve its ambition of 50% non-combustible revenue by 2025?
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