-
Supreme Court Hears Case Against FDA Ban On Flavored Vapes: Here Are The Stocks To Watch
Monday, December 2, 2024 - 5:53pm | 648The U.S. Supreme Court heard a challenge against the Food and Drug Administration (FDA) Monday about past bans on flavored liquids for e-cigarettes and vapes. What Happened: Triton Distribution brought a case to the U.S. Supreme Court, challenging the law that allows the FDA to control the...
-
Social Media Reacts As Juul Users Get Compensation Through Venmo After $300M Class-Action Settlements: 'Vaping Actually Paid Off'
Thursday, October 24, 2024 - 8:35am | 696Users of Juul vaping products have begun receiving financial compensation through Venmo after major class-action lawsuit settlements against Juul Labs and Altria Group. The final settlement was reached earlier this year. What Happened: The lawsuits accused Juul and Altria of misleading consumers,...
-
E-cigarette Player Juul's Latest Move: Submits FDA Application for Menthol Pods with Stringent Age Checks
Wednesday, December 20, 2023 - 9:53am | 434E-cigarette maker Juul Labs Inc. announced its latest move to secure approval from the FDA for its newly developed menthol-flavored pods. These pods, designed with stringent age verification measures, are intended for use with Juul's e-cigarette device, which is currently ...
-
How A $40B Company Went Up In Smoke, Netflix's 'Big Vape: The Rise And Fall of Juul'
Thursday, October 12, 2023 - 8:29pm | 645Netflix's (NASDAQ: NFLX) new docuseries tells the story of how a scrappy e-cigarette startup became a multi-billion dollar company that was riding high until a frightening epidemic blew its success up in smoke. "Big Vape: The Rise and Fall of Juul...
-
FDA Temporarily Suspends Banning Order On Juul's E-Cigarettes
Wednesday, July 6, 2022 - 7:13am | 316The FDA temporarily suspended its ban on sales of the popular e-cigarette maker Juul, backed by Altria Group Inc (NYSE: MO), which owns a 35% stake in the company. “On July 5, 2022, FDA administratively stayed the marketing denial order,” the agency’...
-
The FDA Is Set To Ban Juul Products In U.S.: What Companies Could Benefit?
Wednesday, June 22, 2022 - 5:28pm | 435The U.S. Food and Drug Administration (FDA) is set to announce it will ban Juul brand e-cigarettes in the country, wiping away a significant chunk of the $21.63 billion industry of which Juul owns 41%, according to the Wall Street Journal. Shares of Altria Group Inc (NYSE: MO), which owns a 35...
-
Tobacco Stocks Volatile Ahead Of Key FDA Vaping Ban Decision
Thursday, September 9, 2021 - 12:19pm | 759The Food and Drug Administration (FDA) is expected to make a critical ruling on vaping on Thursday that could potentially create some extreme volatility among tobacco and cannabis stocks. FDA Ruling Imminent: The FDA is expected to issue new rules restricting or completely banning millions of e-...
-
FTC Seeks To Undo Altria's $12.8B Juul Investment, Says It Violated Antitrust Laws
Thursday, April 2, 2020 - 8:13am | 263The United States Federal Trade Commission on Wednesday said that it had filed an administrative complaint against the $12.8 billion investment of Altria Group Inc. (NYSE: MO) in e-cigarette maker Juul Labs Inc. What Happened The investment, along with the associated agreements, violated the...
-
Juul Proposes 'Age-Locked' E-Cigarettes To Win FDA Approval
Tuesday, February 25, 2020 - 5:51am | 382Juul is planning to propose e-cigarettes that only unlock for persons above the legal age of smoking to the Food and Drug Administration as it seeks to remain in business in the United States, the Wall Street Journal reported Monday. What Happened The e-cigarette makers have the chance to...
-
What Investors Should Know About Vaping Hardware
Saturday, January 4, 2020 - 10:45am | 390On Nov. 15, Apple Inc. (NYSE: AAPL) removed all vape apps from the iOS App Store. This shift is one of the latest developments in corporate and government efforts to mitigate the negative public health consequences from vaping both nicotine and cannabis. The CDC and FDA are investigating...
-
FDA Set To Ban Flavored E-Cigarette Pods
Thursday, January 2, 2020 - 10:33am | 288The Food and Drug Administration is planning to ban fruit-flavored e-cigarettes this week, according to the The Wall Street Journal. The update in policy, which the Journal said could come as soon as Friday, is intended to curb a surge in underage vaping and will be applied to pod-based...
-
Congress Passes Spending Bill That Raises Tobacco, E-Cigarette Buying Age To 21
Thursday, December 19, 2019 - 3:28pm | 554The age for buying tobacco and e-cigarettes will rise from 18 to 21 in the United States under a budget measure passed by Congress Thursday. Trump Plans To Sign Bill The measure, the most dramatic change in the tobacco product law in more than a decade, is part of a $1.4-trillion...
-
Which Tobacco Companies Are Most Exposed To E-Cigarette Headwinds?
Wednesday, November 27, 2019 - 3:05pm | 887With the e-cigarette industry continuing to face fallout from illnesses and deaths linked to vaping, and the regulatory future of the business up in the air, here's a look at which public companies are most exposed to changes in the e-cigarette landscape. More than 45 lung injury deaths...
-
BDS Analytics' September 2019 Cannabis Price Index (CPI) Points To Seasonal Decline
Tuesday, November 26, 2019 - 10:39am | 438The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Earlier this month, global cannabinoid market research company BDS Analytics released its September Cannabis Retail Price Index (CPI). The...
-
Juul Smokes Out 650 Jobs To Save $1B In Costs Next Year
Tuesday, November 12, 2019 - 12:11pm | 291Vape maker Juul confirmed Tuesday it will speed up the pace of job cuts from 500 to 650 to save close to $1 billion next year, CNBC reported. What Happened Juul plans to eliminate around 16% of its total 4,051-employee workforce, which marks a reversal from its previous pace of hiring 300 employees...