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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

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 In 2022, the FDA issued a ban on the sale of Juuls, which was later rescinded, but the company was still not authorized to market its products until now.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

Streamers continued retreating from original shows in 2025

The death of “peak TV” has not been exaggerated, per a new report from Luminate.

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Tom Jones

OpenAI’s ARR reached over $20 billion in 2025, CFO says

Sam Altman’s $500 billion artificial intelligence behemoth hit a major financial milestone last year, according to a new blog post over the weekend from OpenAI CFO Sarah Friar, as the company confirmed it had hit a more than $20 billion annual revenue run rate at the end of 2025.

Elsewhere in the blog post, Friar spent time addressing the company’s shifting goals, referencing plans to “close the distance between where intelligence is advancing and how individuals, companies, and countries actually adopt and use it.” As has become customary in the AI company press release genre, the CFO was also keen to tout the unending growth of the business, writing:

  • Both our Weekly Active User (WAU) and Daily Active User (DAU) figures continue to produce all-time highs. This growth is driven by a flywheel across compute, frontier research, products, and monetization.

  • Compute grew 3X year over year or 9.5X from 2023 to 2025: 0.2 GW in 2023, 0.6 GW in 2024, and ~1.9 GW in 2025.

And, perhaps most importantly for current backers and those keeping an eye on the private company before its rumored mega IPO:

  • Revenue followed the same curve growing 3X year over year, or 10X from 2023 to 2025: $2B ARR in 2023, $6B in 2024, and $20B+ in 2025. This is never-before-seen growth at such scale.

That latest figure has certainly set tongues in the tech world wagging, just as the company announced it would begin rolling out ads to free and ChatGPT Go users. It also puts the chatbot giant a fair way ahead of competitors like Anthropic, the company behind Claude.

OpenAI Anthropic ARR race
Sherwood News

Elsewhere in the blog post, Friar spent time addressing the company’s shifting goals, referencing plans to “close the distance between where intelligence is advancing and how individuals, companies, and countries actually adopt and use it.” As has become customary in the AI company press release genre, the CFO was also keen to tout the unending growth of the business, writing:

  • Both our Weekly Active User (WAU) and Daily Active User (DAU) figures continue to produce all-time highs. This growth is driven by a flywheel across compute, frontier research, products, and monetization.

  • Compute grew 3X year over year or 9.5X from 2023 to 2025: 0.2 GW in 2023, 0.6 GW in 2024, and ~1.9 GW in 2025.

And, perhaps most importantly for current backers and those keeping an eye on the private company before its rumored mega IPO:

  • Revenue followed the same curve growing 3X year over year, or 10X from 2023 to 2025: $2B ARR in 2023, $6B in 2024, and $20B+ in 2025. This is never-before-seen growth at such scale.

That latest figure has certainly set tongues in the tech world wagging, just as the company announced it would begin rolling out ads to free and ChatGPT Go users. It also puts the chatbot giant a fair way ahead of competitors like Anthropic, the company behind Claude.

OpenAI Anthropic ARR race
Sherwood News
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