Industry: Tobacco's Pack of Troubles

When doctors began to link smoking and lung cancer ten years ago, the U.S. tobacco industry deftly headed off catastrophe by switching to filter brands, which seemed to allay the public's fears. Since then U.S. cigarette consumption has puffed merrily on to new highs year after year (24 billion packs last year), and most of the major manufacturers have reaped a harvest of profit records. Suddenly last week the cancer scare rose up again, setting off a flurry of selling on the New York Stock Exchange that tumbled every major U.S. cigarette...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!