News Formal

Altria cuts Juul investment by US$4.1 bil

  • 📰 fmtoday
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 72%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Announcement is latest setback for once high-flying e-cigarette company. FMTNews

NEW YORK: Altria once again slashed the value of its stake in Juul on Thursday, as the once high-flying e-cigarette company faces lawsuits and a regulatory crackdown.

“Litigation is subject to uncertainty and it is possible that there could be adverse developments in pending or future cases.” Vaping came under additional scrutiny in late summer due to a health scare over cases of severe and sometimes deadly lung ailments, although that was later linked to a substance used in cannabis products.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Goldman Sachs eyes more business at first-ever investor day | The Malaysian InsightInvestment bank wants to compete directly with JPMorgan Chase, Bank of America and Citigroup.
Source: msianinsight - 🏆 8. / 63 Read more »

RHB Investment: Pos Malaysia to return to profitability near term after rate hike | Malay MailKUALA LUMPUR, Jan 29 — Pos Malaysia Bhd is expected to post a turnaround and return to profitability in the near term after announcing the hike of its postage rates, RHB Investment Bank said. The postal group in an announcement yesterday stated the revision would affect commercial...
Source: malaymail - 🏆 1. / 86 Read more »