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Photo: Robyn Beck/AFP/Getty Images

Juul plans to cut around 500 jobs by the end of the year in an attempt to mend the damaged relationship between the company and federal regulators, reports the Wall Street Journal.

Why it matters: The e-cigarette market has been upended by a Trump administration proposal to ban most flavored e-cigarette cartridges amid growing health concerns regarding youth vaping and a warning issued by the CDC against the use of the products.

  • In addition to cutting jobs, Juul will also cut back its marketing budget and invest in programs that attempt to reduce underage vaping.

By the numbers: Juul hired an average of 300 employees a month in 2019, swelling its staff to around 4,000 employees. Around 10% to 15% of Juul's workforce could be eliminated.

  • The company enacted a hiring freeze in last month shortly before the company’s new CEO K.C. Crosthwaite took over.
  • It also suspended all broadcast, print and digital advertising of its products in the U.S.
  • Crosthwaite said in a statement on Monday that the e-cigarette market is undergoing "a necessary reset."

Go deeper: More than 1,600 people report mysterious vaping illness

Go deeper

Ipsos poll: COVID trick-or-treat

Data: Axios/Ipsos poll; Note ±3.3% margin of error for the total sample size; Chart: Andrew Witherspoon/Axios

About half of Americans are worried that trick-or-treating will spread coronavirus in their communities, according to this week's installment of the Axios/Ipsos Coronavirus Index.

Why it matters: This may seem like more evidence that the pandemic is curbing our nation's cherished pastimes. But a closer look reveals something more nuanced about Americans' increased acceptance for risk around activities in which they want to participate.

Updated 9 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Health: The good and bad news about antibody therapies — Fauci: Hotspots have materialized across "the entire country."
  2. World: Belgium imposes lockdown, citing "health emergency" due to influx of cases.
  3. Economy: Conference Board predicts economy won’t fully recover until late 2021.
  4. Education: Surge threatens to shut classrooms down again.
  5. Technology: The pandemic isn't slowing tech.
  6. Travel: CDC replaces COVID-19 cruise ban with less restrictive "conditional sailing order."
  7. Sports: High school football's pandemic struggles.
  8. 🎧Podcast: The vaccine race turns toward nationalism.
Dan Primack, author of Pro Rata
Updated 10 hours ago - Economy & Business

Dunkin' Brands agrees to $11B Inspire Brands sale

Photo: Alexi Rosenfeld/Getty Images

Dunkin' Brands, operator of both Dunkin' Donuts and Baskin-Robbins, agreed on Friday to be taken private for nearly $11.3 billion, including debt, by Inspire Brands, a restaurant platform sponsored by private equity firm Roark Capital.

Why it matters: Buying Dunkin’ will more than double Inspire’s footprint, making it one of the biggest restaurant deals in the past 10 years. This could ultimately set up an IPO for Inspire, which already owns Arby's, Jimmy John's and Buffalo Wild Wings.

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