93.9 The Eagle – The News and Talk of Columbia, MO
(AP) — E-cigarette maker Juul is shutting down broadcast, print and digital advertising and ending lobbying efforts in Washington as safety concerns over vaping intensify.
The company says its CEO is stepping down and will be replaced by a senior executive from Altria, the maker of Marlboro. Altria took a 35% stake in Juul in December at a cost of $13 billion.
Also, tobacco giants Altria and Philip Morris International say they’re calling off merger talks.
