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☆ Juul seeks US authorization for new e-cigarette
▼ + stars: | 2023-07-19 | by ( ) www.reuters.com time to read: +1 min

July 19 (Reuters) - Juul Labs said on Wednesday it was seeking U.S. authorization for a new e-cigarette that has age-verification capabilities and prevents the use of unauthorized refill cartridges. In its latest premarket tobacco product application to the U.S. Food and Drug Administration submitted on Tuesday, Juul Labs said it was seeking to sell tobacco-flavored pods at a nicotine concentration of less than 2%. The e-cigarette maker has been in a tussle with the FDA to get its existing products approved after their sale was briefly banned last year following thousands of lawsuits that accused Juul of fueling a teen vaping epidemic. The company, in which Marlboro maker Altria (MO.N) was a former investor, would pursue additional filings to expand its e-cigarette alternatives, while pursuing an appeal of the FDA's stayed decision, a company spokesperson told Reuters. Reporting by Deborah Sophia and Savyata Mishra in Bengaluru; Editing by Shinjini Ganguli and Anil D'SilvaOur Standards: The Thomson Reuters Trust Principles.

Persons: FDA's, Deborah Sophia, Savyata Mishra, Shinjini Ganguli, Anil D'Silva Organizations: Juul Labs, U.S . Food, Drug Administration, FDA, Thomson Locations: Britain, U.S, Marlboro, Altria, Bengaluru

☆ Juul Has a New High-Tech Vape and Hopes the FDA Won’t Ban It
▼ + stars: | 2023-07-19 | by ( Jennifer Maloney | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/juul-has-a-new-high-tech-vape-and-hopes-the-fda-wont-ban-it-655bd16a

Persons: Dow Jones Organizations: fda

☆ Juul seeks U.S. authorization for new e-cigarette product - WSJ
▼ + stars: | 2023-07-19 | by ( ) www.reuters.com time to read: 1 min

July 19 (Reuters) - Juul Labs is seeking U.S. authorization for a new, high-tech e-cigarette, which has age-verification capabilities and prevents the use of unauthorized refill cartridges, the Wall Street Journal reported on Wednesday. Juul did not immediately respond to a Reuters request for comment. Reporting by Deborah Sophia in Bengaluru; Editing by Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

Persons: Juul, Deborah Sophia, Devika Organizations: Wall Street, Thomson Locations: Bengaluru

☆ Opinion | Do Not Panic. It’s Just a Moral Panic.
▼ + stars: | 2023-06-29 | by ( Pamela Paul | ) www.nytimes.com time to read: +2 min

Not to freak you out, but you may be in the middle of a moral panic. A moral panic is the pervasive belief that some great wickedness is threatening society and must be stopped. According to the panic police, if you are worried about children and social media, you are succumbing to moral panic. If you’re troubled about your employees ruining the corporate brand on TikTok, that’s right: moral panic. Trepidations about artificial intelligence, crime, teenage Juul use, policing, gender ideology, privacy, self-driving cars, feminism, A.D.H.D., racism — moral panics, all.

Persons: Nachman Ben, Yehuda, Erich Goode, ” Ben Organizations: Hebrew University Locations: Jerusalem

☆ Flavored e-cigarette sales are booming despite federal crackdown
▼ + stars: | 2023-06-22 | by ( Stefan Sykes | ) www.cnbc.com time to read: +3 min

Flavored e-cigarettes represented 41.3% of U.S. retail-store e-cigarette unit sales in December 2022, up from 29.2% in January 2020, the organizations found. Overall e-cigarette sales in the U.S. rose about 47% in the period. The spike in sales comes despite a federal crackdown that placed more restrictions on the flavors and marketing for tobacco products. From January 2022 to December 2022, disposable e-cigarette unit share increased from 24.7% to 51.8% of total unit sales. Last year, the FDA ordered Elf Bar and Breeze Smoke off the U.S. market, according to the CDC report.

Persons: JUUL, Deirdre Lawrence Kittner, Robin Koval Organizations: Centers for Disease Control, CDC Foundation, Truth, FDA, Elf, CDC Locations: New York City, U.S

May 10 (Reuters) - Altria Group Inc (MO.N) said on Wednesday it had reached an agreement on the terms to resolve at least 6,000 Juul-related state and federal cases for $235 million. Reporting by Ananya Mariam Rajesh in Bengaluru; Editing by Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.

The deal ends nearly all of the litigation brought against the tobacco giant over Juul by local government bodies and individuals across the United States. Altria expects to record a pre-tax charge of $235 million in the second quarter of 2023 and intends to exclude it from adjusted earnings per share. As of December, its share of Juul was valued at $250 million, down from $12.8 billion in 2018. They said Altria helped the strategy by letting Juul use its sales force and place its products next to Altria's on shelves. Juul previously settled most of the cases against it, paying more than $1 billion to 48 states and territories and $1.7 billion to individuals and local government entities.

Over the last several years, Juul has gone from a darling of Silicon Valley to a company beset by legal challenges. The e-cigarette maker recently agreed to pay $462 million in a settlement that ends lawsuits against it. Here's a rundown of the company's history, from its $38 billion valuation to legal settlements. Over the last several years, Juul has gone from a darling of Silicon Valley to a company beset by legal challenges. It also fell from a valuation of $38 billion in 2018 to just $1 billion last October, according to the Journal.

☆ Tucker Carlson’s Private Messages Were a Major Factor in His Ouster
▼ + stars: | 2023-04-27 | by ( Wall Street Journal | ) www.wsj.com time to read: 1 min

Juul’s Fall From $38 Billion Startup to Near-Bankruptcy: What Went Wrong Juul sparked a vaping craze when it launched, making it one of the most valuable startups in 2018. Five years later, its value has gone up in smoke. WSJ explains Juul’s collapse and what’s next for the e-cigarette company. Illustration: Nayon Cho

☆ Why Starship’s Explosion Is Part of SpaceX’s Process
▼ + stars: | 2023-04-26 | by ( Wall Street Journal | ) www.wsj.com time to read: 1 min

☆ Bed Bath & Beyond’s Bankruptcy, Explained
▼ + stars: | 2023-04-23 | by ( Wall Street Journal | ) www.wsj.com time to read: 1 min

Companies Altria Group Inc FollowApril 17 (Reuters) - E-cigarette company Juul Labs Inc and its former largest investor, Marlboro maker Altria Group Inc (MO.N), on Monday settled claims by the state of Minnesota that they fueled teen vaping addiction. The settlement, whose terms are not yet public, was announced by Minnesota Attorney General Keith Ellison and by Juul as a trial in the case was nearing its end. Juul has now settled vaping-related claims with 48 U.S. states and territories. Reporting By Brendan Pierson in New York Editing by Nick ZieminskiOur Standards: The Thomson Reuters Trust Principles.

☆ Juul to Pay $462 Million to Settle Underage Vaping Lawsuits With Six States and Washington, D.C.
▼ + stars: | 2023-04-12 | by ( Jennifer Maloney | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/juul-to-pay-462-million-to-settle-underage-vaping-lawsuits-with-six-states-and-washington-d-c-fe3167fc

The deal, which also included Colorado, Illinois, Massachusetts and New Mexico, means that San Francisco-based Juul has now settled with 45 states for more than $1 billion. The various states had accused Juul of falsely marketing its e-cigarettes as less addictive than cigarettes and targeted minors with glamorous advertising campaigns. It previously reached a $439 million settlement with 34 states and territories, as well as settlements with several individual states. As of December, its share of Juul was valued at $250 million, down from $12.8 billion in 2018. The CDC also has said using nicotine in adolescence may raise the risk for future addiction to other drugs.

NEW YORK, April 12 (Reuters) - E-cigarette maker Juul Labs Inc has agreed to pay $462 million to settle claims by six U.S. states including New York and California that it unlawfully marketed its addictive products to minors, the states announced on Wednesday. With the deal, Juul has now settled with 45 states for more than $1 billion. The states had accused Juul of falsely marketing its e-cigarettes as less addictive than cigarettes and targeted minors with glamorous advertising campaigns. As of December, its share of Juul was valued at $250 million, down from $12.8 billion in 2018. The CDC also has said using nicotine in adolescence may raise the risk for future addiction to other drugs.

☆ Juul to pay $462 million to settle youth vaping claims from six states, D.C.
▼ + stars: | 2023-04-12 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +3 min

Juul will pay $462 million to settle claims by six states and Washington D.C. that the vaping company marketed its addictive e-cigarettes to underage teens, five Democratic attorneys general announced Wednesday. The states that reached the settlement with Juul are New York, California, Massachusetts, New Mexico, Illinois and Colorado. New York will get $112.7 million over an eight-year period, which will support underage vaping abatement programs across the state. The FDA also ordered Juul to stop selling its vaping products last June. It added that youth use of tobacco products in any form is unsafe.

☆ Juul settlement: E-cigarette maker to pay $462 million in several states for marketing nicotine for youth vaping
▼ + stars: | 2023-04-12 | by ( Associated Press | ) www.businessinsider.com time to read: +4 min

Juul Labs Inc. will pay $462 million for its role in the youth vaping surge. The settlement includes restrictions on Juul's marketing and distribution of vaping products. Like some other settlements reached by Juul, this latest includes restrictions on the marketing and distribution of the company's vaping products. For example, it is barred from any direct or indirect marketing that targets youth, which includes anyone under age 35. The spokesperson added that underage use of Juul products has declined by 95% since 2019 based on the National Youth Tobacco Survey.

☆ Juul to pay $462 million to six states in its largest settlement ever
▼ + stars: | 2023-04-12 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +4 min

New York CNN —Juul Labs, the e-cigarette maker, is paying $462 million to six US states and DC in the largest multi-state settlement yet for the troubled company that has been accused of contributing to the rise of vaping among youth. Based on responses to the 2022 National Youth Tobacco Survey, 14.1% of high school students and 3.3% of middle school students reported using e-cigarettes within the previous 30 days. California is getting $175.8 million, Illinois is getting $67.6 million, Massachusetts is getting $41.7 million, Colorado is getting $31.7 million, New Mexico is getting $17 million and District of Columbia is getting $15 million. West Virginia said on Monday that Juul is paying $7.9 million for similar accusations of marketing toward youth. Last summer, the FDA ordered Juul products to be removed from the US market.

☆ Juul settles lawsuit with West Virginia for $7.9 million
▼ + stars: | 2023-04-10 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +3 min

New York CNN —West Virginia has settled a lawsuit with e-cigarette maker Juul Labs for a total of $7.9 million, the state’s attorney general announced Monday. The company was accused of unfair, deceptive acts or practices in the advertising and marketing of Juul products in the state, specifically targeting teenagers. The lawsuit claimed Juul targeted these users through social media, influencer marketing and fashion bloggers and celebrities popular with teenagers. “This settlement puts companies like Juul in check to not copy big tobacco’s playbook and gear marketing strategies toward underage people,” West Virginia Attorney General Patrick Morrisey said. Last summer, the FDA ordered Juul products to be removed from the US market.

March 27 (Reuters) - E-cigarette company Juul Labs Inc and its former largest investor, Marlboro maker Altria Group Inc (MO.N), will face their first U.S. trial this week over claims that they created a public nuisance by marketing addictive e-cigarettes to minors. It says Juul sold its e-cigarettes in sweet flavors and promoted them on social media to appeal to underage consumers. Juul and Altria have faced thousands of similar lawsuits around the country. The state also says Altria helped Juul market its products, including by providing it access to its sales force and including Juul advertisements in Marlboro products. Altria this month announced that it had given up its investment in Juul in exchange for some of Juul's intellectual property.

☆ Goldman Sachs says these stocks are a safe place to hide even in this uncertain market
▼ + stars: | 2023-03-25 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

"A reopening in China also serves as a catalyst for accelerating revenue growth and upside in IRM's ITRenew business," he wrote. "We believe IRM's pricing power and expanding growth portfolio will drive attractive organic revenue growth," he added. ... Reopening in China also serves as a catalyst for accelerating revenue growth & upside in IRM's ITRenew business. ... IRM's revenue mgmt strategy is translating into healthy storage pricing trends. ... We believe IRM's pricing power and expanding growth portfolio will drive attractive organic revenue growth."

☆ Marlboro Maker Plots New Path to Smoke-Free Future After Losing Billions on Juul
▼ + stars: | 2023-03-24 | by ( Jennifer Maloney | ) www.wsj.com time to read: 1 min

Altria CEO Billy Gifford said the company is looking to develop non-nicotine products for former smokers and others. America’s biggest cigarette company has a new plan to shift its business toward less-harmful products, after a string of failures. This time, the Marlboro maker says, its plan will work. Altria Group Inc. earlier this month divested itself of e-cigarette maker Juul Labs Inc., recording a loss of at least $12.5 billion. Altria now has a new lineup of e-cigarettes, heated-tobacco devices and oral nicotine pouches in the works, including the planned acquisition of vaping pioneer NJOY Holdings Inc.

☆ Altria Plots Life After Juul
▼ + stars: | 2023-03-24 | by ( Jennifer Maloney | ) www.wsj.com time to read: 1 min

Altria CEO Billy Gifford said the company is looking to develop non-nicotine products for former smokers and others. America’s biggest cigarette company has a new plan to shift its business toward less-harmful products, after a string of failures. This time, the Marlboro maker says, its plan will work. Altria Group Inc . earlier this month divested itself of e-cigarette maker Juul Labs Inc., recording a loss of at least $12.5 billion. Altria now has a new lineup of e-cigarettes, heated-tobacco devices and oral nicotine pouches in the works, including the planned acquisition of vaping pioneer NJOY Holdings Inc.

March 10 (Reuters) - The Chicago mayor's office said on Friday a $23.8 million settlement has been reached with Juul Labs Inc over claims that the e-cigarette maker deceptively marketed its products and for selling vaping products to underage users. In the settlement, Chicago said Juul has denied and continues to deny any wrongdoing and liability in connection with the design, manufacture, production, advertisement, marketing, distribution, sale, use, and performance of its products. According to the settlement, the company has agreed to pay the city $2.8 million within 30 days of the execution of the agreement. Chicago would receive an additional $21 million payment later this year under the current schedule and may potentially receive up to $750,000 additional, court-awarded payments, the Chicago mayor's office said. Altria Group Inc (MO.N), which had a stake in Juul valued at $12.8 billion in 2018, on Monday exchanged its investment in Juul, last valued at $250 million, for some of the vaping company's heated tobacco intellectual property.

☆ Altria to revive vaping push with $2.8 bln NJOY bid after Juul fiasco
▼ + stars: | 2023-03-06 | by ( Deborah Mary Sophia | ) www.reuters.com time to read: +2 min

Altria is betting that NJOY will prove to be an easier way to tap the market since six of the company's products have received full approval from the U.S. Food and Drug Administration. Altria on Friday exchanged its investment in Juul, last valued at $250 million, for some of the vaping company's heated tobacco intellectual property. "We are no longer limited by the terms of those agreements to pursue other strategic opportunities and partnerships," Juul said. Altria's stake in Juul, valued at $12.8 billion in 2018, had raised antitrust concerns and the Federal Trade Commission filed a complaint in April 2020. The NJOY deal will include an additional $500 million in cash payments based on regulatory approvals of the company's other products.

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