Altria writes down Juul investment by $4.5 billion amid vaping crackdown

6:02am PDT - October 31st, 2019    juul - Business Insider

Tobacco giant Altria said it wrote down its investment in e-cigarette maker Juul by $4.5 billion during the third quarter. The company said no one factor led to the charge, but it did cite the rising regulatory pressure on vaping and flavored e-cigarettes. Al…