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   <title>Counterfeit Cigarettes Drive EU Illicit Market Above 10% for First Time Since 2014</title>
   <link>http://www.streetinsider.com/Press+Releases/Counterfeit+Cigarettes+Drive+EU+Illicit+Market+Above+10%25+for+First+Time+Since+2014/26594367.html</link>
   <description>
&lt;ul class=&quot;bwlistdisc&quot;&gt;
&lt;li&gt;
&lt;i&gt;Illicit cigarettes reached 10.3% of EU consumption in 2025 (41.8 billion), with an estimated €16.7 billion in lost tax revenues&lt;/i&gt;

&lt;/li&gt;
&lt;li&gt;
&lt;i&gt;Counterfeits now lead the illicit market - accounting for 44% of EU illicit consumption (18.3 billion), up sharply year-on-year and displacing traditional East-to-West contraband flows&lt;/i&gt;

&lt;/li&gt;
&lt;li&gt;
&lt;i&gt;Western Europe has the highest levels of illicit consumption, with France (41.4%), Belgium (24.8%), and the Netherlands (22.1%) among the most impacted. In France alone, counterfeit volumes reached nearly 10 billion cigarettes&lt;/i&gt;

&lt;/li&gt;
&lt;/ul&gt;
&lt;p&gt;    STAMFORD, CT--(BUSINESS WIRE)--
A new study detailing the scale of the illicit cigarette trade in the European Union (EU) shows that consumption</description>
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   <title>Counterfeit Cigarettes Drive EU Illicit Market Above 10% for First Time Since 2014</title>
   <link>http://www.streetinsider.com/Press+Releases/Counterfeit+Cigarettes+Drive+EU+Illicit+Market+Above+10%25+for+First+Time+Since+2014/26594367.html</link>
   <description>
&lt;ul class=&quot;bwlistdisc&quot;&gt;
&lt;li&gt;
&lt;i&gt;Illicit cigarettes reached 10.3% of EU consumption in 2025 (41.8 billion), with an estimated €16.7 billion in lost tax revenues&lt;/i&gt;

&lt;/li&gt;
&lt;li&gt;
&lt;i&gt;Counterfeits now lead the illicit market - accounting for 44% of EU illicit consumption (18.3 billion), up sharply year-on-year and displacing traditional East-to-West contraband flows&lt;/i&gt;

&lt;/li&gt;
&lt;li&gt;
&lt;i&gt;Western Europe has the highest levels of illicit consumption, with France (41.4%), Belgium (24.8%), and the Netherlands (22.1%) among the most impacted. In France alone, counterfeit volumes reached nearly 10 billion cigarettes&lt;/i&gt;

&lt;/li&gt;
&lt;/ul&gt;
&lt;p&gt;    STAMFORD, CT--(BUSINESS WIRE)--
A new study detailing the scale of the illicit cigarette trade in the European Union (EU) shows that consumption</description>
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   <title>Counterfeit Cigarettes Drive EU Illicit Market Above 10% for First Time Since 2014</title>
   <link>http://www.streetinsider.com/Press+Releases/Counterfeit+Cigarettes+Drive+EU+Illicit+Market+Above+10%25+for+First+Time+Since+2014/26594367.html</link>
   <description>
&lt;ul class=&quot;bwlistdisc&quot;&gt;
&lt;li&gt;
&lt;i&gt;Illicit cigarettes reached 10.3% of EU consumption in 2025 (41.8 billion), with an estimated €16.7 billion in lost tax revenues&lt;/i&gt;

&lt;/li&gt;
&lt;li&gt;
&lt;i&gt;Counterfeits now lead the illicit market - accounting for 44% of EU illicit consumption (18.3 billion), up sharply year-on-year and displacing traditional East-to-West contraband flows&lt;/i&gt;

&lt;/li&gt;
&lt;li&gt;
&lt;i&gt;Western Europe has the highest levels of illicit consumption, with France (41.4%), Belgium (24.8%), and the Netherlands (22.1%) among the most impacted. In France alone, counterfeit volumes reached nearly 10 billion cigarettes&lt;/i&gt;

&lt;/li&gt;
&lt;/ul&gt;
&lt;p&gt;    STAMFORD, CT--(BUSINESS WIRE)--
A new study detailing the scale of the illicit cigarette trade in the European Union (EU) shows that consumption</description>
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   <title>Counterfeit Cigarettes Drive EU Illicit Market Above 10% for First Time Since 2014</title>
   <link>http://www.streetinsider.com/Press+Releases/Counterfeit+Cigarettes+Drive+EU+Illicit+Market+Above+10%25+for+First+Time+Since+2014/26594367.html</link>
   <description>
&lt;ul class=&quot;bwlistdisc&quot;&gt;
&lt;li&gt;
&lt;i&gt;Illicit cigarettes reached 10.3% of EU consumption in 2025 (41.8 billion), with an estimated €16.7 billion in lost tax revenues&lt;/i&gt;

&lt;/li&gt;
&lt;li&gt;
&lt;i&gt;Counterfeits now lead the illicit market - accounting for 44% of EU illicit consumption (18.3 billion), up sharply year-on-year and displacing traditional East-to-West contraband flows&lt;/i&gt;

&lt;/li&gt;
&lt;li&gt;
&lt;i&gt;Western Europe has the highest levels of illicit consumption, with France (41.4%), Belgium (24.8%), and the Netherlands (22.1%) among the most impacted. In France alone, counterfeit volumes reached nearly 10 billion cigarettes&lt;/i&gt;

&lt;/li&gt;
&lt;/ul&gt;
&lt;p&gt;    STAMFORD, CT--(BUSINESS WIRE)--
A new study detailing the scale of the illicit cigarette trade in the European Union (EU) shows that consumption</description>
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   <title>Counterfeit Cigarettes Drive EU Illicit Market Above 10% for First Time Since 2014</title>
   <link>http://www.streetinsider.com/Press+Releases/Counterfeit+Cigarettes+Drive+EU+Illicit+Market+Above+10%25+for+First+Time+Since+2014/26594367.html</link>
   <description>
&lt;ul class=&quot;bwlistdisc&quot;&gt;
&lt;li&gt;
&lt;i&gt;Illicit cigarettes reached 10.3% of EU consumption in 2025 (41.8 billion), with an estimated €16.7 billion in lost tax revenues&lt;/i&gt;

&lt;/li&gt;
&lt;li&gt;
&lt;i&gt;Counterfeits now lead the illicit market - accounting for 44% of EU illicit consumption (18.3 billion), up sharply year-on-year and displacing traditional East-to-West contraband flows&lt;/i&gt;

&lt;/li&gt;
&lt;li&gt;
&lt;i&gt;Western Europe has the highest levels of illicit consumption, with France (41.4%), Belgium (24.8%), and the Netherlands (22.1%) among the most impacted. In France alone, counterfeit volumes reached nearly 10 billion cigarettes&lt;/i&gt;

&lt;/li&gt;
&lt;/ul&gt;
&lt;p&gt;    STAMFORD, CT--(BUSINESS WIRE)--
A new study detailing the scale of the illicit cigarette trade in the European Union (EU) shows that consumption</description>
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   <title>Counterfeit Cigarettes Drive EU Illicit Market Above 10% for First Time Since 2014</title>
   <link>http://www.streetinsider.com/Press+Releases/Counterfeit+Cigarettes+Drive+EU+Illicit+Market+Above+10%25+for+First+Time+Since+2014/26594367.html</link>
   <description>
&lt;ul class=&quot;bwlistdisc&quot;&gt;
&lt;li&gt;
&lt;i&gt;Illicit cigarettes reached 10.3% of EU consumption in 2025 (41.8 billion), with an estimated €16.7 billion in lost tax revenues&lt;/i&gt;

&lt;/li&gt;
&lt;li&gt;
&lt;i&gt;Counterfeits now lead the illicit market - accounting for 44% of EU illicit consumption (18.3 billion), up sharply year-on-year and displacing traditional East-to-West contraband flows&lt;/i&gt;

&lt;/li&gt;
&lt;li&gt;
&lt;i&gt;Western Europe has the highest levels of illicit consumption, with France (41.4%), Belgium (24.8%), and the Netherlands (22.1%) among the most impacted. In France alone, counterfeit volumes reached nearly 10 billion cigarettes&lt;/i&gt;

&lt;/li&gt;
&lt;/ul&gt;
&lt;p&gt;    STAMFORD, CT--(BUSINESS WIRE)--
A new study detailing the scale of the illicit cigarette trade in the European Union (EU) shows that consumption</description>
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   <title>Counterfeit Cigarettes Drive EU Illicit Market Above 10% for First Time Since 2014</title>
   <link>http://www.streetinsider.com/Press+Releases/Counterfeit+Cigarettes+Drive+EU+Illicit+Market+Above+10%25+for+First+Time+Since+2014/26594367.html</link>
   <description>
&lt;ul class=&quot;bwlistdisc&quot;&gt;
&lt;li&gt;
&lt;i&gt;Illicit cigarettes reached 10.3% of EU consumption in 2025 (41.8 billion), with an estimated €16.7 billion in lost tax revenues&lt;/i&gt;

&lt;/li&gt;
&lt;li&gt;
&lt;i&gt;Counterfeits now lead the illicit market - accounting for 44% of EU illicit consumption (18.3 billion), up sharply year-on-year and displacing traditional East-to-West contraband flows&lt;/i&gt;

&lt;/li&gt;
&lt;li&gt;
&lt;i&gt;Western Europe has the highest levels of illicit consumption, with France (41.4%), Belgium (24.8%), and the Netherlands (22.1%) among the most impacted. In France alone, counterfeit volumes reached nearly 10 billion cigarettes&lt;/i&gt;

&lt;/li&gt;
&lt;/ul&gt;
&lt;p&gt;    STAMFORD, CT--(BUSINESS WIRE)--
A new study detailing the scale of the illicit cigarette trade in the European Union (EU) shows that consumption</description>
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   <title>Counterfeit Cigarettes Drive EU Illicit Market Above 10% for First Time Since 2014</title>
   <link>http://www.streetinsider.com/Press+Releases/Counterfeit+Cigarettes+Drive+EU+Illicit+Market+Above+10%25+for+First+Time+Since+2014/26594367.html</link>
   <description>
&lt;ul class=&quot;bwlistdisc&quot;&gt;
&lt;li&gt;
&lt;i&gt;Illicit cigarettes reached 10.3% of EU consumption in 2025 (41.8 billion), with an estimated €16.7 billion in lost tax revenues&lt;/i&gt;

&lt;/li&gt;
&lt;li&gt;
&lt;i&gt;Counterfeits now lead the illicit market - accounting for 44% of EU illicit consumption (18.3 billion), up sharply year-on-year and displacing traditional East-to-West contraband flows&lt;/i&gt;

&lt;/li&gt;
&lt;li&gt;
&lt;i&gt;Western Europe has the highest levels of illicit consumption, with France (41.4%), Belgium (24.8%), and the Netherlands (22.1%) among the most impacted. In France alone, counterfeit volumes reached nearly 10 billion cigarettes&lt;/i&gt;

&lt;/li&gt;
&lt;/ul&gt;
&lt;p&gt;    STAMFORD, CT--(BUSINESS WIRE)--
A new study detailing the scale of the illicit cigarette trade in the European Union (EU) shows that consumption</description>
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   <title>Counterfeit Cigarettes Drive EU Illicit Market Above 10% for First Time Since 2014</title>
   <link>http://www.streetinsider.com/Press+Releases/Counterfeit+Cigarettes+Drive+EU+Illicit+Market+Above+10%25+for+First+Time+Since+2014/26594367.html</link>
   <description>
&lt;ul class=&quot;bwlistdisc&quot;&gt;
&lt;li&gt;
&lt;i&gt;Illicit cigarettes reached 10.3% of EU consumption in 2025 (41.8 billion), with an estimated €16.7 billion in lost tax revenues&lt;/i&gt;

&lt;/li&gt;
&lt;li&gt;
&lt;i&gt;Counterfeits now lead the illicit market - accounting for 44% of EU illicit consumption (18.3 billion), up sharply year-on-year and displacing traditional East-to-West contraband flows&lt;/i&gt;

&lt;/li&gt;
&lt;li&gt;
&lt;i&gt;Western Europe has the highest levels of illicit consumption, with France (41.4%), Belgium (24.8%), and the Netherlands (22.1%) among the most impacted. In France alone, counterfeit volumes reached nearly 10 billion cigarettes&lt;/i&gt;

&lt;/li&gt;
&lt;/ul&gt;
&lt;p&gt;    STAMFORD, CT--(BUSINESS WIRE)--
A new study detailing the scale of the illicit cigarette trade in the European Union (EU) shows that consumption</description>
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   <title>Counterfeit Cigarettes Drive EU Illicit Market Above 10% for First Time Since 2014</title>
   <link>http://www.streetinsider.com/Press+Releases/Counterfeit+Cigarettes+Drive+EU+Illicit+Market+Above+10%25+for+First+Time+Since+2014/26594367.html</link>
   <description>
&lt;ul class=&quot;bwlistdisc&quot;&gt;
&lt;li&gt;
&lt;i&gt;Illicit cigarettes reached 10.3% of EU consumption in 2025 (41.8 billion), with an estimated €16.7 billion in lost tax revenues&lt;/i&gt;

&lt;/li&gt;
&lt;li&gt;
&lt;i&gt;Counterfeits now lead the illicit market - accounting for 44% of EU illicit consumption (18.3 billion), up sharply year-on-year and displacing traditional East-to-West contraband flows&lt;/i&gt;

&lt;/li&gt;
&lt;li&gt;
&lt;i&gt;Western Europe has the highest levels of illicit consumption, with France (41.4%), Belgium (24.8%), and the Netherlands (22.1%) among the most impacted. In France alone, counterfeit volumes reached nearly 10 billion cigarettes&lt;/i&gt;

&lt;/li&gt;
&lt;/ul&gt;
&lt;p&gt;    STAMFORD, CT--(BUSINESS WIRE)--
A new study detailing the scale of the illicit cigarette trade in the European Union (EU) shows that consumption</description>
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   <title>Counterfeit Cigarettes Drive EU Illicit Market Above 10% for First Time Since 2014</title>
   <link>http://www.streetinsider.com/Press+Releases/Counterfeit+Cigarettes+Drive+EU+Illicit+Market+Above+10%25+for+First+Time+Since+2014/26594367.html</link>
   <description>
&lt;ul class=&quot;bwlistdisc&quot;&gt;
&lt;li&gt;
&lt;i&gt;Illicit cigarettes reached 10.3% of EU consumption in 2025 (41.8 billion), with an estimated €16.7 billion in lost tax revenues&lt;/i&gt;

&lt;/li&gt;
&lt;li&gt;
&lt;i&gt;Counterfeits now lead the illicit market - accounting for 44% of EU illicit consumption (18.3 billion), up sharply year-on-year and displacing traditional East-to-West contraband flows&lt;/i&gt;

&lt;/li&gt;
&lt;li&gt;
&lt;i&gt;Western Europe has the highest levels of illicit consumption, with France (41.4%), Belgium (24.8%), and the Netherlands (22.1%) among the most impacted. In France alone, counterfeit volumes reached nearly 10 billion cigarettes&lt;/i&gt;

&lt;/li&gt;
&lt;/ul&gt;
&lt;p&gt;    STAMFORD, CT--(BUSINESS WIRE)--
A new study detailing the scale of the illicit cigarette trade in the European Union (EU) shows that consumption</description>
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   <title>Counterfeit Cigarettes Drive EU Illicit Market Above 10% for First Time Since 2014</title>
   <link>http://www.streetinsider.com/Business+Wire/Counterfeit+Cigarettes+Drive+EU+Illicit+Market+Above+10%25+for+First+Time+Since+2014/26594367.html</link>
   <description>
&lt;ul class=&quot;bwlistdisc&quot;&gt;
&lt;li&gt;
&lt;i&gt;Illicit cigarettes reached 10.3% of EU consumption in 2025 (41.8 billion), with an estimated €16.7 billion in lost tax revenues&lt;/i&gt;

&lt;/li&gt;
&lt;li&gt;
&lt;i&gt;Counterfeits now lead the illicit market - accounting for 44% of EU illicit consumption (18.3 billion), up sharply year-on-year and displacing traditional East-to-West contraband flows&lt;/i&gt;

&lt;/li&gt;
&lt;li&gt;
&lt;i&gt;Western Europe has the highest levels of illicit consumption, with France (41.4%), Belgium (24.8%), and the Netherlands (22.1%) among the most impacted. In France alone, counterfeit volumes reached nearly 10 billion cigarettes&lt;/i&gt;

&lt;/li&gt;
&lt;/ul&gt;
&lt;p&gt;    STAMFORD, CT--(BUSINESS WIRE)--
A new study detailing the scale of the illicit cigarette trade in the European Union (EU) shows that consumption</description>
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   <title>Counterfeit Cigarettes Drive EU Illicit Market Above 10% for First Time Since 2014</title>
   <link>http://www.streetinsider.com/Business+Wire/Counterfeit+Cigarettes+Drive+EU+Illicit+Market+Above+10%25+for+First+Time+Since+2014/26594367.html</link>
   <description>
&lt;ul class=&quot;bwlistdisc&quot;&gt;
&lt;li&gt;
&lt;i&gt;Illicit cigarettes reached 10.3% of EU consumption in 2025 (41.8 billion), with an estimated €16.7 billion in lost tax revenues&lt;/i&gt;

&lt;/li&gt;
&lt;li&gt;
&lt;i&gt;Counterfeits now lead the illicit market - accounting for 44% of EU illicit consumption (18.3 billion), up sharply year-on-year and displacing traditional East-to-West contraband flows&lt;/i&gt;

&lt;/li&gt;
&lt;li&gt;
&lt;i&gt;Western Europe has the highest levels of illicit consumption, with France (41.4%), Belgium (24.8%), and the Netherlands (22.1%) among the most impacted. In France alone, counterfeit volumes reached nearly 10 billion cigarettes&lt;/i&gt;

&lt;/li&gt;
&lt;/ul&gt;
&lt;p&gt;    STAMFORD, CT--(BUSINESS WIRE)--
A new study detailing the scale of the illicit cigarette trade in the European Union (EU) shows that consumption</description>
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   <title>Counterfeit Cigarettes Drive EU Illicit Market Above 10% for First Time Since 2014</title>
   <link>http://www.streetinsider.com/Business+Wire/Counterfeit+Cigarettes+Drive+EU+Illicit+Market+Above+10%25+for+First+Time+Since+2014/26594367.html</link>
   <description>
&lt;ul class=&quot;bwlistdisc&quot;&gt;
&lt;li&gt;
&lt;i&gt;Illicit cigarettes reached 10.3% of EU consumption in 2025 (41.8 billion), with an estimated €16.7 billion in lost tax revenues&lt;/i&gt;

&lt;/li&gt;
&lt;li&gt;
&lt;i&gt;Counterfeits now lead the illicit market - accounting for 44% of EU illicit consumption (18.3 billion), up sharply year-on-year and displacing traditional East-to-West contraband flows&lt;/i&gt;

&lt;/li&gt;
&lt;li&gt;
&lt;i&gt;Western Europe has the highest levels of illicit consumption, with France (41.4%), Belgium (24.8%), and the Netherlands (22.1%) among the most impacted. In France alone, counterfeit volumes reached nearly 10 billion cigarettes&lt;/i&gt;

&lt;/li&gt;
&lt;/ul&gt;
&lt;p&gt;    STAMFORD, CT--(BUSINESS WIRE)--
A new study detailing the scale of the illicit cigarette trade in the European Union (EU) shows that consumption</description>
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  <item>
   <title>Counterfeit Cigarettes Drive EU Illicit Market Above 10% for First Time Since 2014</title>
   <link>http://www.streetinsider.com/Business+Wire/Counterfeit+Cigarettes+Drive+EU+Illicit+Market+Above+10%25+for+First+Time+Since+2014/26594367.html</link>
   <description>
&lt;ul class=&quot;bwlistdisc&quot;&gt;
&lt;li&gt;
&lt;i&gt;Illicit cigarettes reached 10.3% of EU consumption in 2025 (41.8 billion), with an estimated €16.7 billion in lost tax revenues&lt;/i&gt;

&lt;/li&gt;
&lt;li&gt;
&lt;i&gt;Counterfeits now lead the illicit market - accounting for 44% of EU illicit consumption (18.3 billion), up sharply year-on-year and displacing traditional East-to-West contraband flows&lt;/i&gt;

&lt;/li&gt;
&lt;li&gt;
&lt;i&gt;Western Europe has the highest levels of illicit consumption, with France (41.4%), Belgium (24.8%), and the Netherlands (22.1%) among the most impacted. In France alone, counterfeit volumes reached nearly 10 billion cigarettes&lt;/i&gt;

&lt;/li&gt;
&lt;/ul&gt;
&lt;p&gt;    STAMFORD, CT--(BUSINESS WIRE)--
A new study detailing the scale of the illicit cigarette trade in the European Union (EU) shows that consumption</description>
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  <item>
   <title>Counterfeit Cigarettes Drive EU Illicit Market Above 10% for First Time Since 2014</title>
   <link>http://www.streetinsider.com/Business+Wire/Counterfeit+Cigarettes+Drive+EU+Illicit+Market+Above+10%25+for+First+Time+Since+2014/26594367.html</link>
   <description>
&lt;ul class=&quot;bwlistdisc&quot;&gt;
&lt;li&gt;
&lt;i&gt;Illicit cigarettes reached 10.3% of EU consumption in 2025 (41.8 billion), with an estimated €16.7 billion in lost tax revenues&lt;/i&gt;

&lt;/li&gt;
&lt;li&gt;
&lt;i&gt;Counterfeits now lead the illicit market - accounting for 44% of EU illicit consumption (18.3 billion), up sharply year-on-year and displacing traditional East-to-West contraband flows&lt;/i&gt;

&lt;/li&gt;
&lt;li&gt;
&lt;i&gt;Western Europe has the highest levels of illicit consumption, with France (41.4%), Belgium (24.8%), and the Netherlands (22.1%) among the most impacted. In France alone, counterfeit volumes reached nearly 10 billion cigarettes&lt;/i&gt;

&lt;/li&gt;
&lt;/ul&gt;
&lt;p&gt;    STAMFORD, CT--(BUSINESS WIRE)--
A new study detailing the scale of the illicit cigarette trade in the European Union (EU) shows that consumption</description>
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  <item>
   <title>Counterfeit Cigarettes Drive EU Illicit Market Above 10% for First Time Since 2014</title>
   <link>http://www.streetinsider.com/Business+Wire/Counterfeit+Cigarettes+Drive+EU+Illicit+Market+Above+10%25+for+First+Time+Since+2014/26594367.html</link>
   <description>
&lt;ul class=&quot;bwlistdisc&quot;&gt;
&lt;li&gt;
&lt;i&gt;Illicit cigarettes reached 10.3% of EU consumption in 2025 (41.8 billion), with an estimated €16.7 billion in lost tax revenues&lt;/i&gt;

&lt;/li&gt;
&lt;li&gt;
&lt;i&gt;Counterfeits now lead the illicit market - accounting for 44% of EU illicit consumption (18.3 billion), up sharply year-on-year and displacing traditional East-to-West contraband flows&lt;/i&gt;

&lt;/li&gt;
&lt;li&gt;
&lt;i&gt;Western Europe has the highest levels of illicit consumption, with France (41.4%), Belgium (24.8%), and the Netherlands (22.1%) among the most impacted. In France alone, counterfeit volumes reached nearly 10 billion cigarettes&lt;/i&gt;

&lt;/li&gt;
&lt;/ul&gt;
&lt;p&gt;    STAMFORD, CT--(BUSINESS WIRE)--
A new study detailing the scale of the illicit cigarette trade in the European Union (EU) shows that consumption</description>
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  <item>
   <title>Counterfeit Cigarettes Drive EU Illicit Market Above 10% for First Time Since 2014</title>
   <link>http://www.streetinsider.com/Business+Wire/Counterfeit+Cigarettes+Drive+EU+Illicit+Market+Above+10%25+for+First+Time+Since+2014/26594367.html</link>
   <description>
&lt;ul class=&quot;bwlistdisc&quot;&gt;
&lt;li&gt;
&lt;i&gt;Illicit cigarettes reached 10.3% of EU consumption in 2025 (41.8 billion), with an estimated €16.7 billion in lost tax revenues&lt;/i&gt;

&lt;/li&gt;
&lt;li&gt;
&lt;i&gt;Counterfeits now lead the illicit market - accounting for 44% of EU illicit consumption (18.3 billion), up sharply year-on-year and displacing traditional East-to-West contraband flows&lt;/i&gt;

&lt;/li&gt;
&lt;li&gt;
&lt;i&gt;Western Europe has the highest levels of illicit consumption, with France (41.4%), Belgium (24.8%), and the Netherlands (22.1%) among the most impacted. In France alone, counterfeit volumes reached nearly 10 billion cigarettes&lt;/i&gt;

&lt;/li&gt;
&lt;/ul&gt;
&lt;p&gt;    STAMFORD, CT--(BUSINESS WIRE)--
A new study detailing the scale of the illicit cigarette trade in the European Union (EU) shows that consumption</description>
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   <title>Counterfeit Cigarettes Drive EU Illicit Market Above 10% for First Time Since 2014</title>
   <link>http://www.streetinsider.com/Business+Wire/Counterfeit+Cigarettes+Drive+EU+Illicit+Market+Above+10%25+for+First+Time+Since+2014/26594367.html</link>
   <description>
&lt;ul class=&quot;bwlistdisc&quot;&gt;
&lt;li&gt;
&lt;i&gt;Illicit cigarettes reached 10.3% of EU consumption in 2025 (41.8 billion), with an estimated €16.7 billion in lost tax revenues&lt;/i&gt;

&lt;/li&gt;
&lt;li&gt;
&lt;i&gt;Counterfeits now lead the illicit market - accounting for 44% of EU illicit consumption (18.3 billion), up sharply year-on-year and displacing traditional East-to-West contraband flows&lt;/i&gt;

&lt;/li&gt;
&lt;li&gt;
&lt;i&gt;Western Europe has the highest levels of illicit consumption, with France (41.4%), Belgium (24.8%), and the Netherlands (22.1%) among the most impacted. In France alone, counterfeit volumes reached nearly 10 billion cigarettes&lt;/i&gt;

&lt;/li&gt;
&lt;/ul&gt;
&lt;p&gt;    STAMFORD, CT--(BUSINESS WIRE)--
A new study detailing the scale of the illicit cigarette trade in the European Union (EU) shows that consumption</description>
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   <title>Counterfeit Cigarettes Drive EU Illicit Market Above 10% for First Time Since 2014</title>
   <link>http://www.streetinsider.com/Business+Wire/Counterfeit+Cigarettes+Drive+EU+Illicit+Market+Above+10%25+for+First+Time+Since+2014/26594367.html</link>
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&lt;ul class=&quot;bwlistdisc&quot;&gt;
&lt;li&gt;
&lt;i&gt;Illicit cigarettes reached 10.3% of EU consumption in 2025 (41.8 billion), with an estimated €16.7 billion in lost tax revenues&lt;/i&gt;

&lt;/li&gt;
&lt;li&gt;
&lt;i&gt;Counterfeits now lead the illicit market - accounting for 44% of EU illicit consumption (18.3 billion), up sharply year-on-year and displacing traditional East-to-West contraband flows&lt;/i&gt;

&lt;/li&gt;
&lt;li&gt;
&lt;i&gt;Western Europe has the highest levels of illicit consumption, with France (41.4%), Belgium (24.8%), and the Netherlands (22.1%) among the most impacted. In France alone, counterfeit volumes reached nearly 10 billion cigarettes&lt;/i&gt;

&lt;/li&gt;
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&lt;p&gt;    STAMFORD, CT--(BUSINESS WIRE)--
A new study detailing the scale of the illicit cigarette trade in the European Union (EU) shows that consumption</description>
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   <title>Counterfeit Cigarettes Drive EU Illicit Market Above 10% for First Time Since 2014</title>
   <link>http://www.streetinsider.com/Business+Wire/Counterfeit+Cigarettes+Drive+EU+Illicit+Market+Above+10%25+for+First+Time+Since+2014/26594367.html</link>
   <description>
&lt;ul class=&quot;bwlistdisc&quot;&gt;
&lt;li&gt;
&lt;i&gt;Illicit cigarettes reached 10.3% of EU consumption in 2025 (41.8 billion), with an estimated €16.7 billion in lost tax revenues&lt;/i&gt;

&lt;/li&gt;
&lt;li&gt;
&lt;i&gt;Counterfeits now lead the illicit market - accounting for 44% of EU illicit consumption (18.3 billion), up sharply year-on-year and displacing traditional East-to-West contraband flows&lt;/i&gt;

&lt;/li&gt;
&lt;li&gt;
&lt;i&gt;Western Europe has the highest levels of illicit consumption, with France (41.4%), Belgium (24.8%), and the Netherlands (22.1%) among the most impacted. In France alone, counterfeit volumes reached nearly 10 billion cigarettes&lt;/i&gt;

&lt;/li&gt;
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&lt;p&gt;    STAMFORD, CT--(BUSINESS WIRE)--
A new study detailing the scale of the illicit cigarette trade in the European Union (EU) shows that consumption</description>
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   <title>Counterfeit Cigarettes Drive EU Illicit Market Above 10% for First Time Since 2014</title>
   <link>http://www.streetinsider.com/Business+Wire/Counterfeit+Cigarettes+Drive+EU+Illicit+Market+Above+10%25+for+First+Time+Since+2014/26594367.html</link>
   <description>
&lt;ul class=&quot;bwlistdisc&quot;&gt;
&lt;li&gt;
&lt;i&gt;Illicit cigarettes reached 10.3% of EU consumption in 2025 (41.8 billion), with an estimated €16.7 billion in lost tax revenues&lt;/i&gt;

&lt;/li&gt;
&lt;li&gt;
&lt;i&gt;Counterfeits now lead the illicit market - accounting for 44% of EU illicit consumption (18.3 billion), up sharply year-on-year and displacing traditional East-to-West contraband flows&lt;/i&gt;

&lt;/li&gt;
&lt;li&gt;
&lt;i&gt;Western Europe has the highest levels of illicit consumption, with France (41.4%), Belgium (24.8%), and the Netherlands (22.1%) among the most impacted. In France alone, counterfeit volumes reached nearly 10 billion cigarettes&lt;/i&gt;

&lt;/li&gt;
&lt;/ul&gt;
&lt;p&gt;    STAMFORD, CT--(BUSINESS WIRE)--
A new study detailing the scale of the illicit cigarette trade in the European Union (EU) shows that consumption</description>
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   <title>Picard Medical / SynCardia Advances Emperor Total Artificial Heart Program with Successful Next-Generation Preclinical Implant Studies</title>
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&lt;p align=&quot;center&quot;&gt;&lt;em&gt;— Independent dual motor ventricular design demonstrates stable full circulatory support across all study procedures — &lt;/em&gt;&lt;/p&gt;  &lt;p align=&quot;center&quot;&gt;&lt;em&gt;— Advancing second-generation Emperor TAH development toward a fully implantable system —&lt;/em&gt;&lt;/p&gt;  &lt;p&gt;TUCSON, Ariz., June  02, 2026  (GLOBE NEWSWIRE) -- Picard Medical, Inc. (NYSE American: PMI) (the “Company” or “Picard Medical”), parent company of SynCardia Systems LLC, maker of the world’s first and only total artificial heart approved by both the U.S. FDA and Health Canada, today announced the successful completion of an acute in vivo implant study series using the Company’s next-generation Emperor Total Artificial Heart (“Emperor</description>
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   <pubDate>Tue, 02 Jun 2026 07:00:00 -0400</pubDate>
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   <title>Picard Medical / SynCardia Advances Emperor Total Artificial Heart Program with Successful Next-Generation Preclinical Implant Studies</title>
   <link>http://www.streetinsider.com/Press+Releases/Picard+Medical++SynCardia+Advances+Emperor+Total+Artificial+Heart+Program+with+Successful+Next-Generation+Preclinical+Implant+Studies/26587183.html</link>
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&lt;p align=&quot;center&quot;&gt;&lt;em&gt;— Independent dual motor ventricular design demonstrates stable full circulatory support across all study procedures — &lt;/em&gt;&lt;/p&gt;  &lt;p align=&quot;center&quot;&gt;&lt;em&gt;— Advancing second-generation Emperor TAH development toward a fully implantable system —&lt;/em&gt;&lt;/p&gt;  &lt;p&gt;TUCSON, Ariz., June  02, 2026  (GLOBE NEWSWIRE) -- Picard Medical, Inc. (NYSE American: PMI) (the “Company” or “Picard Medical”), parent company of SynCardia Systems LLC, maker of the world’s first and only total artificial heart approved by both the U.S. FDA and Health Canada, today announced the successful completion of an acute in vivo implant study series using the Company’s next-generation Emperor Total Artificial Heart (“Emperor</description>
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   <pubDate>Tue, 02 Jun 2026 07:00:00 -0400</pubDate>
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   <title>Picard Medical / SynCardia Advances Emperor Total Artificial Heart Program with Successful Next-Generation Preclinical Implant Studies</title>
   <link>http://www.streetinsider.com/Press+Releases/Picard+Medical++SynCardia+Advances+Emperor+Total+Artificial+Heart+Program+with+Successful+Next-Generation+Preclinical+Implant+Studies/26587183.html</link>
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&lt;p align=&quot;center&quot;&gt;&lt;em&gt;— Independent dual motor ventricular design demonstrates stable full circulatory support across all study procedures — &lt;/em&gt;&lt;/p&gt;  &lt;p align=&quot;center&quot;&gt;&lt;em&gt;— Advancing second-generation Emperor TAH development toward a fully implantable system —&lt;/em&gt;&lt;/p&gt;  &lt;p&gt;TUCSON, Ariz., June  02, 2026  (GLOBE NEWSWIRE) -- Picard Medical, Inc. (NYSE American: PMI) (the “Company” or “Picard Medical”), parent company of SynCardia Systems LLC, maker of the world’s first and only total artificial heart approved by both the U.S. FDA and Health Canada, today announced the successful completion of an acute in vivo implant study series using the Company’s next-generation Emperor Total Artificial Heart (“Emperor</description>
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