Image: Bill O'leary/The Washington Post/Getty Images
Juul, the former crown jewel of the e-cig industry, agreed yesterday to a $438.5 million settlement with 33 states and Puerto Rico, following a joint investigation into whether the company had marketed to underage users.
🙅♀️ More deets… The settlement, which is set to be paid out over the next 6–10 years, also includes some stipulations about what Juul can’t do in its future ads. For example:
Though tbh, these limitations won't affect the e-cig maker much. It axed many of its previous marketing practices after coming under scrutiny several years ago.
⚖️ One lawsuit, two lawsuit… red lawsuit, blue lawsuit. But Dr. Suess jokes aside, Juul is still facing more than 2,500 personal injury lawsuits, as well as hundreds more cases related to underage vaping brought by local governments and school districts. These claims could potentially result in hundreds of millions of dollars in additional damages, Bloomberg reports.
📸 Big picture: E-cig sales increased more than 6x from 2015 to 2018, per a recent government study, from $304.2 million to $2.06 billion. And over that period, Juul was by far one of the most popular nicotine products used by kids and teens – though its recent use among that demo has been declining.
✍️ California Gov. Gavin Newsom signed a bill into law yesterday establishing a new minimum wage of up to $22/hr for all fast food workers in the state starting next year.
🏛️💉 The FDA approved a pair of updated vaccines from Pfizer/BioNTech and Moderna yesterday specifically tailored to the BA.4 and BA.5 omicron sub-variants. Overall, US Covid death rates are at some of their lowest levels since the start of the pandemic (~400/day on average).
🙅♀️🚰 Jackson, Mississippi, officials declared a state of emergency on Monday when pumps at the city's water-treatment plant failed after days of rainfall that led to flooding, leaving its ~160,000 residents with little to no water pressure.
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