In the backdrop of six fatalities in the US relating to vaping, the Donald Trump administration may soon impose a blanket ban on e-cigarettes. After a meeting with President Trump, US health secretary Alex Azar said a ban on flavored e-cigarettes may soon be in place, in a move to reign its rampant use.
Several hundred people have been affected by a mysterious lung disorder following the use of these vapors, while six of them have died. The incidents come amidst rising criticism of increasing use of e-cigarettes among teenagers.
According to the data collected by the FDA last year, there is a 78% increase in vaping among high school students and a 48% increase among middle school students.
The US Food and Drug Administration (FDA) will prepare a set of guidelines for vapors, which will be finalized in a few weeks.
Earlier this week, JUUL received a letter of warning from US regulators for promoting its products as a safer alternative to the tobacco counterparts. The firm had not obtained approval from the FDA before making the claim. The company management had said it would cooperate with the concerns raised by the officials.
JUUL needs to respond to the FDA within 15 days.
PayPal Holdings Inc. (NASDAQ: PYPL) reported stronger-than-expected earnings and revenues for the first quarter of 2021. Shares of the payment service provider gained during Wednesday’s extended trading session soon after
Twilio (NYSE: TWLO) reported first quarter 2021 earnings results today. Revenue increased 62% year-over-year to $590 million. GAAP net loss widened to $206 million, or $1.24 per share, compared to
Uber Technologies (NYSE: UBER) reported first-quarter 2021 financial results after the regular market hours on Wednesday. The ride-hailing company reported Q1 revenue excluding the UK accrual of $3.5 billion, up