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At times, as a tobacco investor or a tobacco analyst, it seems like an unending stream of negative news. You hear about smoking bans, a new piece of legislation. You hear about criticism from the World Health Organization. And then lo and behold, manufacturers release their results. And they are good.David Adelman, an analyst at Morgan Stanley.
If frozen dinners get too expensive, people will try something else. That’s not true with cigarettes — you are not up at night worried about that product that is going to make cigarettes obsolete.David Adelman, an analyst at Morgan Stanley, on Altria's Kraft spinoff.
There is no organization that is as bad or as egregious as the tobacco industry. We're not looking for perfection, but this (money) is so tainted that it harms the School of Public Health's reputation.Katharine Hammond, a professor of environmental health who helped craft the UC Berkeley School of Public Health ban on tobacco funding in 2004.
Grant recipients are strongly encouraged to publish their research results in peer-reviewed scientific publications and journals, without prior review or approval from Philip Morris USA. We believe that maximizing the funding available for researchers will offer the greatest potential benefits in addressing the health risks associated with smoking.Philip Morris USA, in a written statement on the brou-ha-ha over its University of California science funding.