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E-Cigarette Maker Juul Labs Reaches Settlement On Over 5,000 Cases
(Michael M. Santiago/Getty Images)

Juul wins FDA authorization after years of limbo

The move could breathe life into the once dominant but now embattled vape maker.

J. Edward Moreno
7/17/25 1:18PM

The Food and Drug Administration will allow Juul Labs to market its e-cigarettes, paving the way for a comeback after a federal ban and years of regulatory limbo.

The company announced on Thursday that it received marketing authorization from the FDA for its vaporizers and cartridges after years of not being able to promote its products. That puts it in a position to gain back market share in a landscape now dominated by illicit disposal vapes from China.

Juul first submitted its products for FDA approval in 2020. In 2022, the FDA issued a ban on the sale of Juuls, which was later rescinded, but the company was still not authorized to market its products until now. As a result, Juuls were available at convenience stores but the company could not legally advertise them.

The American vape company was one of the first to popularize the cigarette alternative in the early 2010s. It was also hit with costly lawsuits and widely blamed for hooking young people on nicotine after decades of declining tobacco use rates.

Meanwhile, vapes imported from China have exploded in popularity. Those are not FDA approved but are available in convenience stores and smoke shops across the country.

Philip Morris International and Altria, two legacy tobacco companies with their own vape products, slipped on the news that Juul was granted FDA authorization. (Altria bought a minority stake in Juul for $12.8 billion in 2018, which it sold in 2023 at a loss.)

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Elon Musk at Donald Trump Rally At Madison Square Garden In NYC

The Tesla directors who just proposed giving Elon Musk a trillion dollars say it’s “critical” he stay out of politics

Even still, the company doesn’t appear to be putting up hard guardrails for Musk’s political ambitions.

$1T

Tesla jumped more than 2% premarket on Friday after the company proposed an unprecedented roughly $1 trillion pay package for CEO Elon Musk, according to proxy filings.

To receive the massive payout, Musk will have to increase the company’s market cap to $8.5 trillion from the approximately $1 trillion it is today over the next 10 years.

The pay package also requires that Musk expand Tesla’s product offerings to include 1 million Robotaxis in commercial operation and the “delivery of 1 million AI Bots.” Currently the company has about 30 autonomous robotaxis in its invite-only Austin ride-hailing service, though this week the company expanded the waitlist for the service to everyone. Tesla's Optimus robots are still under development.

Musk would also have to take part in his own succession planning and develop a framework for who’s to follow him.

Investors have historically tied the fate of Tesla with Musk, so holding on to him for an extended period of time and having his blessing for the succession plan is typically seen as good news for the stock.

“We believe that Elon’s singular vision is vital to navigating this critical inflection point,” the filing reads. “Simply put, retaining and incentivizing Elon is fundamental to Tesla achieving these goals and becoming the most valuable company in history.”

A judge twice struck down Musk’s previous $56 billion compensation package. Last month the board approved a $30 billion interim pay package, saying that “retaining Elon is more important than ever.”

Shareholders will vote on the pay package at their annual meeting on November 6.

Old Navy store on 34th street in New York City, U.S.

Gap pops as the denim giant takes a big swing into beauty and accessories

The retailer is piloting beauty through shop-in-shops at Old Navy before rolling it out to Gap stores next year.

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