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Photo: Scott Olson/Getty Images

Juul CEO Kevin Burns admitted his company doesn't know much about the long-term effects of vaping, and apologized to parents whose teens are addicted to the company's products, in an interview scheduled to air Monday on CNBC.

Why it matters: Teen vaping is being treated as a national epidemic, and there is little research about its long-term effects on users. Lawmakers are debating how to regulate vaping products, with some legislators pushing to raise the legal age to buy tobacco from 18 to 21 to curb teen use of e-cigarettes.

"First of all, I'd tell them I'm sorry that their child is using the product. It's not intended for them. I hope there was nothing that we did that made it appealing to them. As a parent of a 16-year-old, I'm sorry for them and have empathy for them with the challenges they are going through."
— Juul CEO Kevin Burns

Context: Juul released its first public health study in Feb. 2019, looking for differences between cigarette smokers who completely quit versus those who transitioned to Juul products, reports Business Insider. The company found no difference between the two, but the trial presents some limitations because it didn't look at users who use both traditional burned cigarettes and vaping products.

Go deeper: Tobacco use is soaring among U.S. kids, driven by e-cigarettes

Go deeper

The modern way to hire a big-city police chief

Illustration: Annelise Capossela/Axios

When it comes to picking a city's top cop, closed-door selection processes have been replaced by highly public exercises where everyone gets to vet the candidates — who must have better community-relations skills than ever.

Why it matters: In the post-George-Floyd era, with policing under utmost scrutiny, the choosing of a police chief has become something akin to an election, with the need to build consensus around a candidate. And the candidate pool has gotten smaller.

Felix Salmon, author of Capital
1 hour ago - Economy & Business

Speculative crypto art market takes off

Illustration: Aïda Amer/Axios

Move over, GameStop. The newest speculative game in town is NFTs — digital files that can be owned and traded on a plethora of new online platforms.

Why it matters: Most NFTs include some kind of still or moving image, which makes them similar to many physical art objects. Some of them, including a gif of Nyan Cat flying through the sky with a pop-tart body and rainbow trail, can be worth more than your house.

New coronavirus cases fall by 20%

Expand chart
Data: The COVID Tracking Project, state health departments; Map: Andrew Witherspoon/Axios

New coronavirus infections continued their sharp decline over the past week, and are now back down to pre-Thanksgiving levels.

The big picture: Given the U.S.’ experience over the past year, it can be hard to trust anything that looks like good news, without fearing that another shoe is about to drop. But the U.S. really is doing something right lately. Cases are way down, vaccinations are way up, and that’s going to save a lot of lives.

You’ve caught up. Now what?

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