Photo: Jose Luis Magana/AFP via Getty Images

The American Medical Association called Tuesday for a ban on e-cigarettes and vaping devices and announced that it will lobby for state and federal laws, regulations and legal action to do so, per the AP.

Why it matters: The doctors' group said the action was prompted by a surge in underage teen vaping and the recent U.S. outbreak of lung illnesses linked to vaping that has killed at least 42 people and affected more than 2,000.

The big picture: The AMA declared its support for a ban on the same day that New York filed a lawsuit against vaping giant Juul for allegedly preying on and misleading teenagers with its ads and for failing to warn consumers about potential health risks associated with using its products.

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U.S. economy sees record growth in third quarter

The U.S. economy grew at a 33.1% annualized pace in the third quarter, the Commerce Department said on Thursday.

The state of play: The record growth follows easing of the coronavirus-driven lockdowns that pushed the economy to the worst-ever contraction — but GDP still remains well below its pre-pandemic level.

Updated 21 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Health: Large coronavirus outbreaks leading to high death rates — Coronavirus cases are at an all-time high ahead of Election Day — Fauci says U.S. may not return to normal until 2022
  2. Politics: Space Force's No. 2 general tests positive for coronavirus
  3. World: Taiwan reaches a record 200 days with no local coronavirus cases
  4. Europe faces "stronger and deadlier" wave France imposes lockdown Germany to close bars and restaurants for a month.
  5. Sports: Boston Marathon delayed MLB to investigate Dodgers player who joined celebration after positive COVID test.
Dion Rabouin, author of Markets
2 hours ago - Economy & Business

Investors have nowhere to hide

Photo: Jeenah Moon/Getty Images

The massive losses in oil prices and U.S. and European equities were not countered by gains in traditional safe-haven assets on Wednesday.

Why it matters: The unusual movement in typical hedging tools like bonds, precious metals and currencies means they are not providing investors an asset that will appreciate in the event of a major equity selloff.