Altria stock craters after $4.1 billion hit from Juul investment, blames growing legal risk

Altria┬ástock cratered as much as 7% Thursday after the tobacco company posted a fourth-quarter loss and took a $4.1 billion hit on its investment in e-cigarette company Juul, which faces mounting litigation and scrutiny over a surge in teen vaping. The Richmond, Virginia-based Marlboro maker said the impairment charge was due to the increased number of legal cases against Juul and the expectation that litigation will grow. Since the end of October, there has been an 80% increase in the number of legal cases pending against Juul, Altria said. Its…

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Swaraj India Blames Kejriwal and Modi Governments for Delhi Smog

Terming the smog situation in Delhi an environmental emergency, the Swaraj India party on Sunday accused the Delhi and central governments of failing to tackle pollution. “Be it the Municipal Corporations of Delhi, the Delhi government or the Centre, none of the authorities have done justice to the tasks assigned to them, which would have led to control over pollution,” said Swaraj India President Yogendra Yadav. “As the toxic smog continues to loom over the national capital, Swaraj India expresses deep concern over the collective failure of the Delhi and…

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