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Altria cuts the value of Juul Stake by $ 4.5 billion

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Altria Group Inc. cut its investment in Juul Labs Inc. by more than a third and now holds it at a price that values ​​the e-cigarette manufacturer at about $ 24 billion.

The Marlboro manufacturer cited unexpected shifts in the market, including proposed US bans on e-cigarette flavors and regulatory outbreaks overseas, for its decision to reduce investment value by $ 4.5 billion.

“Or …



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