Watch: Altria is writing down $4.5 billion of its investment in Juul. The vape-pen maker is facing tougher regulations in the U.S. that could slow sales and bite into profits. rob_cyran explains why Altria may still be too optimistic.
Oct 31 - Altria is writing down $4.5 billion of its investment in vape-pen maker Juul. The e-cigarette maker is facing tougher regulations in the United States that could slow sales and bite into profits. Robert Cyran explains why Altria may still be too optimistic.
Oct 31 - Altria is writing down $4.5 billion of its investment in vape-pen maker Juul. The e-cigarette maker is facing tougher regulations in the United States that could slow sales and bite into profits. Robert Cyran explains why Altria may still be too optimistic.https://reut.rs/2PDFQxd
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Altria writes down investment in troubled e-cigarette maker Juul by $4.5 billionAltria wrote down its investment in Juul by about one-third, recording a $4.5 billion pre-tax charge against its third-quarter earnings, the company said Thursday.
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Altria Cuts Value of Juul Stake by $4.5 BillionAltria Group wrote down the value of its investment in Juul Labs by $4.5 billion, a move that comes as the e-cigarette maker faces heightened regulatory scrutiny and federal investigations.
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Altria writes down Juul investment by $4.5 billion amid vaping crackdownThe tobacco giant said no single factor led to the charge, but it did cite the increasing regulatory pressure on vaping.
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FTC probes Altria for role in Juul executive changesU.S. antitrust enforcers are probing Altria Group Inc for potentially exerting i...
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Altria writes down Juul investment by $4.5 billion amid vaping backlashAltria takes $4.5 billion hit from its investment in electronic-cigarette maker Juul amid vaping backlash
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