Breakingviews TV: Holy smokes!

Altria’s $12.8 bln purchase of a third of Juul Labs is a Hail Mary pass of an M&A deal. The Marlboro maker hopes the vaping boom can supplant its waning cigarette business, but it’s slashing jobs to pay for the deal and still won’t escape the risk of health regulations.

from Reuters Video: Breakingviews https://reut.rs/2GzLaid