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Tobacco Headlines

E-cigarette maker Juul cuts valuation to $10 billion - memo

Juul Labs Inc has cut its valuation to about $10 billion from $12 billion at the end of last year, according to a company memo seen by Reuters on Thursday, as the once red-hot e-cigarette maker fizzles in a tumultuous period for the industry.

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U.S. bipartisan lawmakers propose $908 billion COVID-19 relief bill

A bipartisan group of U.S. senators and members of the House of Representatives on Tuesday proposed a $908 billion COVID-19 relief bill that would fund measures through March 31, including $228 billion in additional paycheck protection program funds for hotels, restaurants and other small businesses.