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Marlboro maker Altria takes another $4-billion hit on Juul investment

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Marlboro maker Altria takes another $4-billion hit on Juul investment GlobeBusiness

. Separately, an outbreak of lung injuries tied to vaping pressured the market for e-cigarettes. Federal officials have since identified a thickening agent added to illicit THC vaping liquids as the culprit behind the “vast majority” of the lung injuries.

Smoking has been declining for more than five decades. Some 42 per cent of U.S. adults smoked in the early 1960s. That was down to 14 per cent in the latest report from the Centers for Disease Control and Prevention. The Richmond, Virginia, company on Thursday reported that it had swung to a loss in the fourth quarter from the associated costs, citing burgeoning legal cases that it expects to grow.

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