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Reports surfaced that JUUL was considering bankruptcy, but such fears have passed for now for Altria. ... The stock yields over 8%, but investors may be underestimating the tail-end risk.
With the capital injection, Juul said it has stopped its bankruptcy preparations and is working on a cost-cutting program. Juul plans to lay off about 400 people and reduce its operating budget by ...
The regulator authorized Juul Labs to keep its e-cigarettes on the U.S. market after a federal ban in 2022 had pushed the company to the brink of bankruptcy.