Altria writes down $4.5 billion from its investment in Juul

6:35pm PDT - October 31st, 2019    juul - TechCrunch

Facing increasing scrutiny from international and domestic regulators, the Altria Group has decided to write down its investment into the e-cigarette company JUUL by $4.5 billion. That’s roughly one-third of the $12.8 billion that the tobacco giant had invest…