• Altria plunges 10% after report says FDA will ban Juul vaping products from the US market

    7 days ago - By Business Insider

    Pax Labs Altria stock fell as much as 10% on Wednesday after The Wall Street Journal reported that the FDA plans to ban Juul vaping products. Altria paid $12.8 billion for a 35% stake in Juul in 2018 when the product was popular with teens. The FDA required all US e-cigarette manufacturers to submit their products for review in 2020, and Juul didn't make the cut. Altria stock tumbled as much as 10% on Wednesday after The Wall Street Journal reported that the FDA plans to ban Juul vaping products from the US market as early as today. Investors are selling Altria's stock because the...
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  • The FDA is reportedly set to ban Juul e-cigarettes

    8 days ago - By Business Insider

    A woman exhales a puff of vapor from a Juul pen in Vancouver, Wash. AP Photo/Craig Mitchelldyer
    The FDA is poised to ban Juul Labs e-cigarettes, The Wall Street Journal reported on Wednesday.
    The brand gained popularity in 2017, but has since seen its valuation tumble.
    Juul Labs has faced scrutiny from the FDA over concerns its product targeted minors.
    US health officials are planning to ban Juul Labs e-cigarettes, according to a recent report from The Wall Street Journal. The Food and Drug Administration could announce the order for Juul Labs to take its e-cigarettes off the market as...
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