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The city council approved the motion last month, and the mayor signed it into law late on Wednesday

That this is unique to defense and tobacco can be seen in the scatterplot below, where other high-quality businesses in technology and consumer staples, both stalwarts of the broad quality universe, are often expensively valued*: In addition to this unique combination, tobacco and defense have historically been reliable inflation shelters, rewarding investors with positive real returns during periods of higher inflation that more negatively impacted both their respective sectors and the broad market

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These numbers show that tens of millions of people abuse alcohol annually and underscore the problem of dealing with problem drinking

Benchmark performance against key competitors based on market share, innovation, and brand strength