Altria writes down Juul investment amid vaping backlash

Altria Group swung to a loss in the third quarter as it wrote down the value of its investment in e-cigarette maker Juul, which has become the primary target of a political backlash against vaping. Richmond, Virginia-based Altria bought roughly a third of Juul for $13 billion last December. On Thursday the company said it would take a $4.5 billion write-down on its investment in the San Francisco company.

https://abcnews.go.com/Health/wireStory/altria-writes-juul-investment-amid-vaping-concerns-66663371

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