Juul Labs, a startup that makes electronic cigarettes, is reportedly raising $1.2 billion in a financing round that would value the company at $15 billion, Bloomberg reports, a massive jump from what investor Fidelity valued it last month ($4 billion) and a staggering number given private e-cigarette funding virtually disappeared this past year.
Why it matters: Juul is succeeding in a market where many other e-cigarette companies have failed, despite continuing regulatory uncertainty.
Anthony Kennedy's retirement from the Supreme Court will reverberate for decades — especially in the ongoing legal debate over abortion rights.
The big picture: Kennedy was a true swing vote on abortion rights, upholding the central premise of Roe v. Wade but allowing states to impose at least some restrictions on access to the procedure.
