Juul to Cut 650 Jobs, Slash $1B in Costs
The move comes after Altria announced a $4.5 billion writedown of its investment.
Juul Replaces CEO; Altria-Phillip Morris End Merger Talks
The e-cigarette company is also suspending advertising in the United States after vaping backlash.
Analyst Says Altria, Philip Morris Reunion Merger Makes ‘Strategic Sense’
Both companies have seen declining sales as tobacco use has shrunk in the United States.
E-cigarette Makers Questioned Over Health Concerns by U.S. House Panel
Recent vaping-related lung illness and the rising popularity of e-cigarettes among younger people is sparking concern.