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Photo: Justin Sullivan/Getty Images

Walmart announced Friday that it will discontinue e-cigarette sales in its stores after a rash of vaping-related deaths, per CNBC.

Why it matters: The world’s largest retailer cited "growing federal, state and local regulatory complexity and uncertainty" around the product and said that it would stop selling e-cigarettes after selling through its current inventory.

The big picture: Walmart's move comes after vaping has faced a wave of scrutiny across the board — from Congress to the White House to local governments. At least 8 people have died from mysterious vaping-related illnesses.

  • President Trump has proposed banning all flavored e-cigarette items.
  • The industry is even facing issues around the world. India has banned e-cigarettes entirely while Juul's products disappeared from online Chinese marketplaces just a week after they debuted.

The state of play: The retailer also has been more actively taking a stance on societal issues, announcing earlier this month that it would end all sales of short-barrel rifle ammunition that can be used with military-style assault weapons.

  • Walmart CEO Doug McMillon is set to chair the Business Roundtable, a group made up of the nation's top CEOs, at the start of next year.
  • 181 BRT CEOs signed onto a statement last month that driving shareholder value is no longer their sole business objective, instead expanding their mission to include everything from taking care of employees to helping their communities.

Go deeper: CEOs are the new politicians

Go deeper

25 mins ago - Health

First cases of COVID-19 Omicron variant discovered in United Kingdom

People wearing masks walk in London on Nov. 25. Photo: Li Ying/Xinhua via Getty Images

Two cases of the new COVID-19 Omicron variant were detected in the United Kingdom overnight, the U.K. Health Security Agency announced Saturday.

Why it matters: The discovery comes as the world scrambles to respond to concerns over the new variant, discovered in South Africa earlier this week.

Updated 1 hour ago - Economy & Business

Americans are super-sizing their holiday travel

Illustration: Sarah Grillo/Axios

Americans are rushing back into holiday travel, and many are taking even longer trips now than they did before the pandemic began.

The big picture: After skipping Thanksgiving and Christmas gatherings last year, many people are eager to maximize this year's celebrations with friends and family. And flexible remote working arrangements make that easier than ever.

Updated 1 hour ago - Energy & Environment

Pity the "green" car buyer

Expand chart
Data: IHS Markit Data; Note: Chart: Thomas Oide/Axios

Americans are more open than ever to trading in their gas cars for electrified vehicles — but they're flummoxed by the confusing array of green options arriving in showrooms.

Why it matters: Getting up to speed on the differences among hybrids, plug-in hybrids and battery-electric vehicles will be a challenge for car buyers — and salespeople, too — as we transition away from gas-powered vehicles over the next decade.