Juul CEO exits as Philip Morris and Altria end talks amid global vaping crisis
Kevin Burns is stepping down as the US and other countries ban some e-cigarettes due to vaping-related health reports
Bengaluru — The CEO of e-cigarette maker Juul stepped down on Wednesday, with his company beset by a regulatory backlash against vaping, and merger talks between its biggest investor Altria and Philip Morris International collapsed.
Juul, in which tobacco giant Altria Group owns a 35% stake, is facing intense scrutiny in its home market as teen use of e-cigarettes surges. The company, which faces a US ban on some products, said on Wednesday that it would suspend all advertising in the country...
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