Business
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

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 In 2022, the FDA issued a ban on the sale of Juuls, which was later rescinded, but the company was still not authorized to market its products until now.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.)

More Business

See all Business
Amazon Web Services AWS advertisement ad sign closeup in underground transit platform in NYC Subway Station, wall tiled, arrow, side

Amazon Web Services outage takes down major websites including Reddit, Snapchat, and Venmo

It’s a good reminder of just how big AWS is — powering more than 76 million websites globally.

business

Uber launches “digital tasks” in the US, paying some drivers to train AI

Beginning later this fall, US Uber drivers will be able to earn money by completing short “digital tasks” like uploading restaurant menus or recording audio samples.

CEO Dara Khosrowshahi teased the new gig income stream back in June at the Bloomberg Tech conference.

At that time, Khosrowshahi said drivers and couriers were “labeling maps, translating language, looking at AI answers, and grading AI answers.” According to Thursday’s announcement, the tasks won’t be so focused on Uber’s business, but instead on connecting workers with “companies that need real people to help improve their technology.”

Per Uber, digital tasks can be done when drivers aren’t on a trip, be it at home or when not driving, and will take only “a few minutes” each.

At that time, Khosrowshahi said drivers and couriers were “labeling maps, translating language, looking at AI answers, and grading AI answers.” According to Thursday’s announcement, the tasks won’t be so focused on Uber’s business, but instead on connecting workers with “companies that need real people to help improve their technology.”

Per Uber, digital tasks can be done when drivers aren’t on a trip, be it at home or when not driving, and will take only “a few minutes” each.

Latest Stories

Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, or Robinhood Money, LLC.