Tobacco giants’ creditors approve proposed $32.5B deal for health-care costs, recompense to smokers

Creditors of three tobacco giants have approved a $32.5-billion global settlement with provinces, territories, and smokers in Canada, marking a significant milestone in a lengthy legal saga. The proposal includes payments to provinces, territories, Quebec smokers, and a foundation to assist those affected by tobacco-related diseases. The plan, which still requires court approval, aims to hold tobacco companies accountable and includes provisions for smoking-reduction measures and public awareness efforts to prevent tobacco-related diseases.

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