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(Bloomberg) British American Tobacco Plc is writing down some of its US cigarette brands by about £25 billion ($31.5 billion), sending shares to the biggest decline in almost four years.Most Read from BloombergBiden Says He Might Not Have Sought Reelection If Trump Weren’t RunningTreasury Frenzy Drives 10-Year Yield Below 4.2%: Markets WrapTruck-Stop Billionaire Fights Warren Buffett to Increase $18 Billion Fortune India Stock Value Tops $4 Trillion, Narrowing Gap With Hong KongPutin Makes Ra
British American Tobacco Plc (BAT) said it would write down the value of some its United States cigarette brands as more smokers quit, switch to cheaper brands or adopt smoking alternatives. The maker of Lucky Strike cigarettes and Vuse vapes said it would take a non-cash impairment charge of around…