UPDATE 3-Altria writes down Juul investment by $4.5 bln amid vaping backlash
Altria Inc took a $4.5 billion hit
from its investment in embattled electronic-cigarette maker Juul
Labs Inc on Thursday, the latest setback for the startup as a
regulatory crackdown on vaping threatens to upend the
fast-growing industry.
from its investment in embattled electronic-cigarette maker Juul
Labs Inc on Thursday, the latest setback for the startup as a
regulatory crackdown on vaping threatens to upend the
fast-growing industry.
Posted by Reuters
