British American Tobacco Stock News

BANGALORE, India & LONDON--(BUSINESS WIRE)---- $ITC #AI--ITC Infotech today announced a landmark multi-year strategic technology deal with British American Tobacco (BAT).

A divided U.S. appeals court ruled on Wednesday that British American Tobacco must face class-action litigation claiming it misled consumers ​into believing Natural American Spirit cigarettes were safer than other cigarettes and contained no additives.

For nearly a decade, pension funds and major endowments blacklisted cigarette makers under strict sustainability mandates.

British American Tobacco plans to cut 5,500 jobs and outsource 3,500 roles as it uses AI to reshape operations amid declining traditional tobacco sales.

British ​American ‌Tobacco ​on ​Monday said ⁠it ​will ​cut 5,500 ​jobs ​globally as ‌it ⁠pushes ​ahead ​with ⁠its ​AI-driven ​transformation ⁠programme.

The U.S. Food and Drug Administration proposed a rule on Friday that would require foreign tobacco product makers to ​register their facilities and list products sold in the country.