Joshua Jamerson is the The Wall Street Journal's deputy politics editor, based in Washington.

The tobacco company said Wednesday that it expects a bigger adjusted profit this year as shipments continue to rise for its smoke-free business, including the Zyn brand. Even volumes in its ...

Philip Morris International Inc. called off a sale or separation of its $1 billion US cigar business, citing the “current environment” in the latest deal to go awry amid market turmoil.