Altria writes down the value of its Juul investment by $4.5 billion as the e-cigarette maker faces heightened regulatory scrutiny
Altria Group Inc. wrote down the value of its investment in Juul Labs Inc., a move that comes as the e-cigarette maker faces heightened regulatory scrutiny and federal investigations.
Altria said Thursday it cut the value of its stake in Juul, which makes a vaporizer device that allows users to inhale nicotine, by $4.5 billion.
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