Berliner Boersenzeitung - Altria says it won US antitrust ruling on Juul stake

EUR -
AED 3.851603
AFN 73.387135
ALL 98.079348
AMD 413.168844
ANG 1.889075
AOA 956.750468
ARS 1067.222431
AUD 1.648781
AWG 1.887524
AZN 1.787121
BAM 1.954429
BBD 2.116276
BDT 125.262156
BGN 1.955372
BHD 0.395387
BIF 3098.09781
BMD 1.048625
BND 1.413782
BOB 7.242852
BRL 6.326879
BSD 1.048155
BTN 88.843001
BWP 14.269721
BYN 3.430129
BYR 20553.042487
BZD 2.112678
CAD 1.493257
CDF 3009.552904
CHF 0.937455
CLF 0.037269
CLP 1028.365251
CNY 7.629271
CNH 7.635454
COP 4568.909886
CRC 528.324456
CUC 1.048625
CUP 27.788552
CVE 110.187727
CZK 25.043262
DJF 186.645549
DKK 7.457813
DOP 63.705324
DZD 140.318567
EGP 53.294038
ERN 15.729369
ETB 133.161476
FJD 2.432547
FKP 0.829808
GBP 0.830417
GEL 2.946175
GGP 0.829808
GHS 15.408048
GIP 0.829808
GMD 75.50064
GNF 9048.654326
GTQ 8.074338
GYD 219.282039
HKD 8.153995
HNL 26.581359
HRK 7.529105
HTG 137.07126
HUF 409.147093
IDR 16800.014984
ILS 3.781109
IMP 0.829808
INR 88.953253
IQD 1373.037111
IRR 44133.987
ISK 145.685023
JEP 0.829808
JMD 164.254811
JOD 0.743792
JPY 161.003204
KES 135.53469
KGS 91.18598
KHR 4219.960125
KMF 488.790128
KPW 943.761828
KRW 1503.879754
KWD 0.322892
KYD 0.873471
KZT 549.584104
LAK 22960.460288
LBP 93860.287152
LKR 304.176686
LRD 188.665893
LSL 18.805212
LTL 3.096315
LVL 0.634302
LYD 5.118411
MAD 10.463962
MDL 19.160198
MGA 4958.428165
MKD 61.499496
MMK 3405.891851
MNT 3563.226088
MOP 8.394153
MRU 41.6378
MUR 49.337838
MVR 16.146336
MWK 1817.490759
MXN 21.156893
MYR 4.666089
MZN 67.008338
NAD 18.805212
NGN 1623.385782
NIO 38.572398
NOK 11.685228
NPR 142.148602
NZD 1.820543
OMR 0.403704
PAB 1.048145
PEN 3.917878
PGK 4.242025
PHP 61.508648
PKR 291.438819
PLN 4.268033
PYG 8205.245795
QAR 3.82102
RON 4.973523
RSD 116.941553
RUB 109.0565
RWF 1438.763578
SAR 3.940325
SBD 8.791202
SCR 14.791846
SDG 630.745021
SEK 11.518984
SGD 1.414794
SHP 0.829808
SLE 23.910415
SLL 21989.140923
SOS 598.968529
SRD 36.916804
STD 21704.4124
SVC 9.171568
SYP 2634.700945
SZL 18.797638
THB 35.769611
TJS 11.450851
TMT 3.680672
TND 3.315175
TOP 2.455986
TRY 36.650059
TTD 7.114943
TWD 34.063839
TZS 2499.650526
UAH 43.672373
UGX 3822.283045
USD 1.048625
UYU 46.587329
UZS 13479.547014
VES 52.273077
VND 26640.308386
VUV 124.494805
WST 2.938406
XAF 655.484817
XAG 0.034467
XAU 0.000394
XCD 2.83396
XDR 0.795427
XOF 655.49731
XPF 119.331742
YER 262.549403
ZAR 18.78517
ZMK 9438.883599
ZMW 28.981123
ZWL 337.656699
  • BCC

    -3.3300

    136.51

    -2.44%

  • SCS

    0.0550

    12.995

    +0.42%

  • BCE

    -0.4550

    25.355

    -1.79%

  • AZN

    -0.4750

    66.465

    -0.71%

  • NGG

    0.1400

    59.61

    +0.23%

  • GSK

    -0.1950

    33.975

    -0.57%

  • CMSC

    -0.1080

    24.442

    -0.44%

  • BTI

    0.1390

    37.699

    +0.37%

  • RIO

    -1.4700

    61.98

    -2.37%

  • RBGPF

    0.5000

    61

    +0.82%

  • RYCEF

    -0.1500

    7.2

    -2.08%

  • VOD

    0.0150

    8.695

    +0.17%

  • RELX

    -0.3200

    47

    -0.68%

  • JRI

    -0.0065

    13.12

    -0.05%

  • CMSD

    -0.1400

    24.08

    -0.58%

  • BP

    -0.1550

    29.995

    -0.52%

Altria says it won US antitrust ruling on Juul stake
Altria says it won US antitrust ruling on Juul stake

Altria says it won US antitrust ruling on Juul stake

Tobacco giant Altria said Tuesday it prevailed over a US regulatory agency that challenged its investment in vaping company Juul on antitrust grounds.

Text size:

An administrative law judge sided with Altria, ruling after a three-week trial on an April 2020 complaint by the Federal Trade Commission (FTC) that had challenged Altria's 35 percent stake in Juul, Altria said.

"We are pleased with this decision and have said all along that our minority investment in Juul does not harm competition and does not violate the antitrust laws," said Murray Garnick, general counsel for Altria, the parent company to Philip Morris USA.

The FTC did not immediately respond to a request for comment.

The FTC had argued that Altria's 2018 investment in Juul -- originally valued at more than $12 billion -- had marred competition, leading to its quick exit from the e-cigarette market.

Since Altria acquired the Juul stake, Juul came under fire from regulators for targeting young consumers with advertisements for vaping. That controversy has led Altria to significantly write down the value of Juul.

Altria's investment in the vaping company was valued at $1.7 billion, according to its most recently quarterly securities filing.

Juul has agreed to multi-million settlements to resolve suits in Arizona and North Carolina over youth marketing.

(S.G.Stein--BBZ)