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Tobacco giants weigh a $200 billion reunion

Altria and Philip Morris International said yesterday that they were in talks to recombine — over a decade after splitting — as they confront slowing cigarette sales and competition from e-cigarettes.

The companies are considering an all-stock merger, which would recreate the old Philip Morris. The company separated its domestic arm, now known as Altria, from its international business in 2008.

Here’s what’s under discussion, according to the WSJ:

• Altria shareholders would receive just under 42 percent of the combined company, with Philip Morris shareholders receiving the remainder.