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Data: Investing.com, Yahoo Finance; Chart: Axios Visuals

Rite Aid announced Thursday it will stop selling e-cigarettes and vaping products in all of its stores (more than 2,400 of them) because of concerns that they are behind the increase in tobacco use among middle and high school students. Rite Aid will continue to sell regular tobacco products.

What's happening: The latest National Youth Tobacco Survey, released in January, found a 78% increase in e-cigarette use among high school students and a 48% increase in middle school students. FDA commissioner Scott Gottlieb said he would consider taking e-cigarettes off the market if companies continued marketing aggressively to young people.

Why it matters: Rite Aid's decision is the latest bit of bad news for Altria, which paid $12.8 billion for a 35% stake in e-cigarette juggernaut Juul.

  • On Jan. 22, a Morgan Stanley analyst downgraded the stock, warning that the accelerating decline in cigarette volume would negatively impact Altria. The stock fell 6.9%, according to data from Investing.com.
  • On April 3, the FDA said it was investigating 35 cases between 2010 and 2019 of people who suffered seizures after vaping. The stock fell 4.8% after a 1.8% slide the previous day.

Go deeper: Juul employees upset over possible Altria deal

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Updated 43 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 8 p.m. ET: 19,497,292 — Total deaths: 723,854 — Total recoveries — 11,823,105Map.
  2. U.S.: Total confirmed cases as of 8 p.m. ET: 4,994,276 — Total deaths: 162,381 — Total recoveries: 1,643,118 — Total tests: 61,080,587Map.
  3. Politics: Trump signs 4 executive actions on coronavirus aid.
  4. Public health: Fauci says chances are "not great" that COVID-19 vaccine will be 98% effective — 1 in 3 Americans would decline COVID-19 vaccine.
  5. Science: Indoor air is the next coronavirus frontline.
  6. Schools: How back-to-school is playing out in the South as coronavirus rages on — Princeton, Johns Hopkins, Howard to hold fall classes online.

Trump signs 4 executive actions on coronavirus aid

President Trump speaking during a press conference on Aug. 8. Photo: Jim Watson/AFP via Getty Images

President Trump on Saturday signed four executive actions to provide relief from economic damage sustained during the coronavirus pandemic after talks between the White House and Democratic leadership collapsed Friday afternoon.

Why it matters: Because the Constitution gives Congress the power to appropriate federal spending, Trump has limited authority to act unilaterally — and risks a legal challenge if congressional Democrats believe he has overstepped.

8 hours ago - World

What's next for Lebanon after the Beirut explosion

Photo: Houssam Shbaro/Anadolu Agency via Getty Images

Beirut residents are still clearing rubble from streets that appear war-torn, days after a blast that shocked the country and horrified the world.

Why it matters: The explosion is likely to accelerate a painful cycle Lebanon was already living through — discontent, economic distress, and emigration.