Seth Wenig | AP
According to the report, the FTC began its investigation in September 2018, before tobacco giant Altria invested $12.8 billion for a 35% stake in Juul. Shares of Altria slid 2% Thursday.
The Food and Drug Administration launched its own investigation into the company’s marketing practices last year, marked by a “surprise inspection” last fall of Juul’s San Francisco headquarters in which investigators seized thousands of pages of documents.
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