UpFront
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Juul's meltdown costs tobacco giant Altria $4.5 billion
It was in 2018 that Altria Group had picked up a 35% stake in Juul Labs for $12.8 billion. On Thursday, it said that it had devalued its investment in the vaping company by $4.5 billion, as bans against vaping intensified across the US and the company was struggling with a scrutiny over its under-age users
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'Joker Stairs' are becoming a tourist hotspot
Every day since the movie's release in early October, dozens, sometimes hundreds, of visitors have traveled to the staircase Hurvitz found to visit and take selfies on the same steps Joaquin Phoenix's character hikes up, and later descends in one of the movie's memorable scenes as he celebrates his transformation into the Joker
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Ten interesting things we read this week
Some of the most fascinating topics covered this week are: Economy (Economists on the run), Technology (Machines beat humans on a reading test), Environment (What happens when a city bans car from its streets; Lessons from London's pollution revolution), and Education (Why the most successful students have no passion for school)
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Where are the American jobs?
Even in some of the hottest labor markets in the country—let alone lagging rural regions and former industrial powerhouses—workers, including skilled ones, say they cannot find jobs that provide a middle-class income and do not come with an expiration date.
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WeWork ex-chief Adam Neumann accused of pregnancy discrimination
His chief of staff Medina Bardhi says she was reluctant to tell her boss about her pregnancy; in a complaint she added that he called her maternity leave a "vacation" or "retirement"
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Apple's profits fall for fourth straight quarter, iPhone sales fall 9%
Apple's profit fell 3.1% to $13.69 billion in the latest quarter, from $14.13 billion a year ago, largely because of continued declines in iPhone sales. Yet the results beat analysts' expectations and were quickly cheered by investors because of indications that its new iPhone models would be a hit
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Barneys' bankruptcy fight could impact entire high-fashion retail world
As a bankruptcy court judge in Poughkeepsie, New York, is expected to rule on the fate of Barneys', the decision could have repercussions far from the corner of 61st and Madison in Manhattan—Barneys' flagship store may well disappear and all of its stores could close
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Boeing CEO admits he knew about pilot's warnings before second Max crash
Dennis A. Muilenburg admitted for the first time at an emotional congressional hearing that he knew before the second crash that a top pilot had voiced concerns about the plane while it was in development
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From Mumbai to Ho Chi Minh: Rising seas will erase more cities by 2050
Rising seas could affect three times more people by 2050 than previously thought, according to new research, threatening to all but erase some of the world's great coastal cities, including much of Mumbai, one of the largest cities in the world, since it wasbuilt on what was once a series of islands, the city's historic downtown core is particularly vulnerable
