Altria writes down $4.5 billion from its investment in Juul

Facing increasing scrutiny from international and domestic regulators, the Altria Group has decided to write down its investment into the e-cigarette company JUUL by $4.5 billion. That’s roughly one-third of the $12.8 billion that the tobacco giant had invested into JUUL a little less than one year ago. Juul Labs gets $12.8 billion investment from […]

Read more