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British American Tobacco writes down $31.5 billion as it shifts its business away from cigarettes

Shares of British American Tobacco tumbled Wednesday after the owner of Camel and American Spirit cigarettes took an impairment charge of about $31.5 billion, mainly related to its struggling U.S. cigarette brands with the number of people who smoke in steep decline
United States Philip Morris Centers For Disease British American Tobacco Reynolds American Inc American Spirit
Source: qz.com

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