Key Takeaways Philip Morris expects 2025 volume growth, with smoke-free products projected to rise 12 to 14%. Coca-Cola delivered its ninth straight earnings beat, fueled by innovation and brand momentum. Mondelez posted 3.1% organic revenue growth in Q1, led by pricing gains and chocolate strength.U.S. stock markets witnessed severe volatility in the first half of 2025 unlike a smooth rally seen in the last two years. Volatility was triggered by several factors. Prominent among them were the imposition o ...