Sep 18, 2019

Juul products pulled in China

Less than a week after debuting in China, all of Juul's products have been pulled from some of the country's biggest online retailers with no explanation, Bloomberg reports.

The big picture: "International growth is important for Juul, especially as vaping comes under increasing scrutiny in the U.S.," even as Big Tobacco companies invest billions, Bloomberg writes. A successful expansion into China could have helped launch Juul's global presence, since it's the world's largest market of smokers.

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Altria's Juul investment is in trouble

Illustration:Aïda Amer/Axios

Altria's $12.8 billion investment for a 35% stake in Juul is at risk of becoming one of the worst corporate investments of all time.

The big picture: Sometimes it's darkest before the light, but right now it looks like Altria got smoked.

Go deeperArrowSep 19, 2019

Court temporarily stalls New York ban on flavored e-cigarettes

A man smokes an e-cigarette in New York in 2017.  Photo: Jewel Samad/AFP/Getty Images

A state appellate court blocked New York's ban on all flavored electronic cigarettes the first week of October, preventing New York from becoming the second state to put such a ban in place, the Wall Street Journal reports.

The big picture: The Food and Drug Administration announced last month that it was finalizing plans to pull all flavored e-cigarette cartridges from the market. Massachusetts currently has the harshest vaping ban in U.S.

Go deeperArrowUpdated Oct 4, 2019

The global anti-vaping tipping point

Illustration: Sarah Grillo/Axios

The global market for vaping is suddenly under extreme scrutiny, with major backlash in the U.S. — paired with a ban in India and Juul yanked from online marketplaces in China.

Why it matters: Companies like Juul and others — which now market their vaping products around stopping smoking — suddenly face a nasty political climate based on fears of kids getting addicted.

Go deeperArrowUpdated Sep 18, 2019