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Business Matters: Cigarette makers in talks to merge in $200 billion deal

Cigarette makers to merge in $200 billion deal

28/08/2019 GMT

Cigarette makers in talks to merge in $200 billion deal

BBC World Service - Business Matters, Cigarette makers in talks to merge in $200 billion deal

Philip Morris, which makes Marlboro, in talks with another cigarette maker, Altria.

Philip Morris, which makes Marlboro, will merge with another cigarette maker, Altria. The two firms were part of the same company until ten years ago. So what's behind this latest deal? We hear from Jennifer Maloney who covers the companies for the Wall Street Journal.

President Trump has openly criticised the US Federal Reserve in the past for not cutting interest rates fast enough. Now the former head of New York's Federal Reserve has said officials should consider how its decisions might affect the next presidential election in 2020. We speak to Sarah Bloom Raskin, a former Fed governor and deputy Treasury secretary. 

And we travel to the Italian city of Venice, which is struggling to cope with the vast numbers of tourists arriving every day on cruise ships in its ancient port. What is it doing to manage this overtourism?

Rob Young is joined throughout the programme by Simon Littlewood, President of AC Growth Delivered in Singapore, and journalist Erin Delmore, who's in New York.

(Picture: A packet of cigarettes. Credit: Getty Images)

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