Philip Morris Moves Headquarters To Connecticut

Cigarette and tobacco manufacturer Philip Morris International Inc PM said it is relocating its corporate headquarters to Connecticut from New York.
The move is expected to bring about 200 jobs to the state.
The new headquarters will be operational by summer 2022.
The headquarters will house the Americas teams and members of other corporate functions.
"Connecticut offers a valuable mix of technological know-how, future-forward thinking, and an open-minded approach to problem-solving," said Jacek Olczak, Chief Executive Officer.
Price action: PM shares are trading higher by 0.27% at $100.43 on the last check Tuesday.