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The news comes on the heels of new research suggesting that mint and mango are the top flavors among high school students who Juul.
Altria’s investment in Juul had the worst possible timing — and wound up costing it $110 million a week amid a mass vaping crackdown
The tobacco giant said in its third-quarter earnings results that it wrote down its investment in Juul by $4.5 billion.
The tobacco giant said no single factor led to the charge, but it did cite the increasing regulatory pressure on vaping.
E-cigarette giant Juul said it will no longer support a San Francisco ballot measure to overturn the city's anti-vaping law.
Phillip Morris and Altria’s tobacco mega-merger goes up in smoke as Juul struggles with vaping backlash
The proposed merger of the two tobacco giants would've been the biggest since AT&T's big for Time Warner in 2016.
"KC Crosthwaite will be joining the company as CEO effective immediately."
Top Juul investor Altria has seen $30 billion — almost a third of its market value — erased since the FDA launched a vaping investigation ...
Altria paid $12.8 billion for a major stake in Juul Labs in December, making it a top investor in the vaping startup.
Altria sinks on report that the FTC is investigating whether Juul’s marketing is deceptive and targets minors
The FTC began its investigation before Altria purchased a 35% stake in Juul, according to The Wall Street Journal.
Philip Morris is discussing a blockbuster merger with Altria as more people trade cigarettes for vapes
A merger between PMI and Altria would bring the two companies back together more than a decade after they split.
FDA Commissioner Scott Gottlieb’s abrupt departure could prove a major win for e-cigarette and tobacco companies
FDA Commissioner Scott Gottlieb has been a harsh critic of youth e-cigarette use and advanced proposals that would hit the tobacco industry.