Morning Jolt: Tobacco giants announce merger

The No. 2 tobacco company in the U.S. announced it plans to buy the No. 3 tobacco company, according to news reports. Reynolds American, maker of Camel and Pall Mall, will buy Lorillard, maker of Newport, in what would be one of the biggest tobacco industry mergers ever. The companies would compete with the No. 1 company, Marlboro.

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