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People are smoking less so why are cigarette companies' profits soaring? Jason Palmer, co-host of The Intelligence podcast, and Callum Williams, our senior economics writer, discuss why the tobacco industry is thriving despite the number of American adult smokers falling by around 20m people in the past decade.
00:00 - The economics of smoking
00:13 - Less people are smoking
00:52 - Why are tobacco shares thriving?
02:31 - Will cigarettes keep getting more expensive?
Listen to the full episode:
The counterintuitive economics of smoking:
What nicotine does to your brain:
How harmful are electronic cigarettes?:
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