FDA to ban Juul e-cigarettes in the US

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The Food and Drug Administration is set to ban Juul e-cigarettes from being sold in the United States, according to a report. The Wall Street Journal reported on Wednesday that the FDA could announce the decision as soon as Wednesday. The agency had been investigating Juul for the past two years while the company sought approval to continue selling its nicotine pods. Shares of Altria Group, the cigarette maker which owns a 35% stake in Juul, were down by more than 9% as of 12:30 p.m. Eastern time on Wednesday. Juul landed in hot water some four years ago when its flavored e-cigarettes, which were touted at the time as a carcinogen-free and healthier alternative to traditional cigarettes, were being blamed for a surge in youth vaping.

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