{
 "ticker": "PM",
 "name": "Philip Morris",
 "url": "https://grantbishop.pages.dev/index/PM",
 "sells": "Philip Morris sells cigarettes and smokeless nicotine products worldwide.",
 "why": "We follow it because its sales depend on customers' habits, which health trends and health-driven policy may change.",
 "questions": [
  {
   "slug": "sales-shrink",
   "question": "Whose sales may the drugs shrink?",
   "url": "https://grantbishop.pages.dev/index/q/sales-shrink"
  }
 ],
 "tests": [
  {
   "id": "W-7",
   "claim": "Businesses keep adopting AI, but the economy-wide productivity lift does not arrive before 2028.",
   "url": "https://grantbishop.pages.dev/claims/ai-productivity-not-before-2028"
  }
 ],
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  "form": "10-Q",
  "filed": "2026-07-24",
  "period": "2026-06-30",
  "url": "https://www.sec.gov/Archives/edgar/data/1413329/000162828026049493/pm-20260630.htm"
 },
 "disclosed": [],
 "check": "Checked against the company's own business description in its latest annual filing.",
 "log": [
  {
   "date": "2026-10-19",
   "note": "Entry rewritten in plain words: what the company sells, and why we follow it."
  },
  {
   "date": "2026-10-12",
   "note": "Verified against the 10-Q filed 2026-07-24 at launch."
  }
 ],
 "living_report": {
  "report": false,
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 "market": {
  "rule": "Each figure is kept only where Massive and Yahoo agree on it to the cent; a figure they do not agree on is null. Dated, not live. The market value and the forward multiple are computed from the close.",
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 "exhibits": null,
 "mentions": [],
 "note": "Prices on this page are dated market records, shown free during the preview, each confirmed by two independent data providers. None is a recommendation.",
 "license": "Free to cite with a link."
}