Altria writes down Juul investment by $4.5 billion amid vaping crackdown

Altria writes down Juul investment by $4.5 billion amid vaping crackdown

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  • Tobacco giant Altria said it wrote down its investment in e-cigarette maker Juul by $4.5 billion during the third quarter. 
  • The company said no one factor led to the charge, but it did cite the rising regulatory pressure on vaping and flavored…
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