Category: altria

FTC sues to unwind Marlboro owner’s $12.8 billion Juul investment

Post author By Randall
Post date April 2, 2020
Categories In altria, big tobacco, business, e-cigarette, gear, juul, marlboro, Politics, Tech, vaping

[ad_1] While e-cigarettes may have been quickly replaced in headlines by a new threat to public health, it appears the government has not forgotten about vaping. However, this time the news isn’t about banning flavored pods or raising the legal age, instead the FTC is suing to unwind Altria’s $12.8 billion investment in vaping giant […]

Marlboro owner’s stake in Juul is worth a third of its original value

Post author By Randall
Post date January 30, 2020
Categories In altria, business, e-cigarette, gear, juul, regulation, Tech, vaping

[ad_1] Accordingly, Altria and Juul are scaling back and altering their relationship. They’re shifting attention to “pre-market tobacco applications,” and will limit Altria’s services to Juul to regulatory affairs by the end of March. They’re also restructuring the board of directors to give Altria just two directors’ seats, as well as committees to oversee both […]