Altria slashes value of its Juul stake by $4.5 billion amid vaping concerns

 

Altria slashes value of its Juul stake by $4.5 billion amid vaping concerns

Altria said it will lower the value of its 35% stake in Juul by $4.5 billion. In explaining the writedown, the tobacco giant cited the risk that the FDA will ban flavored vaping products. Altria …

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