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E-Cigarette Maker Juul Labs Reaches Settlement On Over 5,000 Cases
(Michael M. Santiago/Getty Images)

Juul wins FDA authorization after years of limbo

The move could breathe life into the once dominant but now embattled vape maker.

J. Edward Moreno

The Food and Drug Administration will allow Juul Labs to market its e-cigarettes, paving the way for a comeback after a federal ban and years of regulatory limbo.

The company announced on Thursday that it received marketing authorization from the FDA for its vaporizers and cartridges after years of not being able to promote its products. That puts it in a position to gain back market share in a landscape now dominated by illicit disposal vapes from China.

Juul first submitted its products for FDA approval in 2020. In 2022, the FDA issued a ban on the sale of Juuls, which was later rescinded, but the company was still not authorized to market its products until now. As a result, Juuls were available at convenience stores but the company could not legally advertise them.

The American vape company was one of the first to popularize the cigarette alternative in the early 2010s. It was also hit with costly lawsuits and widely blamed for hooking young people on nicotine after decades of declining tobacco use rates.

Meanwhile, vapes imported from China have exploded in popularity. Those are not FDA approved but are available in convenience stores and smoke shops across the country.

Philip Morris International and Altria, two legacy tobacco companies with their own vape products, slipped on the news that Juul was granted FDA authorization. (Altria bought a minority stake in Juul for $12.8 billion in 2018, which it sold in 2023 at a loss.)

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The slop bowl recession just sent Chipotle’s stock cratering

Chipotle dropped 18% yesterday, and its woes weighed on the wider slop bowl complex, dragging Cava and Sweetgreen down, too.

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eBay stock slumps on gloomy Q4 outlook despite solid Q3 earnings

Shares of eBay fell as much as 10.5% in premarket trading on Thursday morning after the company gave a lower-than-expected profit forecast for the important holiday shopping season.

The e-commerce giant reported solid numbers for the third quarter on Wednesday, with revenue up 9% as reported to $2.8 billion and gross merchandise volume rising 10% to $20.1 billion, topping the average analyst forecast of $19.4 billion, per Bloomberg.

However, concerns about the future somewhat overshadowed these results.

eBay outlined its profit outlook for the period ending in December to $1.31 to $1.36 a share, with revenue at $2.83 billion to $2.89 billion. According to Bloomberg-compiled data, this broadly matches Wall Street’s estimates for the top line, but misses on the bottom line, with analysts forecasting EPS to come in at $1.39 — suggesting the company expects some further margin pressure.

The company has been facing macroeconomic challenges since the US ended the de minimis tariff exemption in late August, with the online marketplace reliant on shipments. One small silver lining? CFO Peggy Alford highlighted a “less durable trend” on a post-earnings call: that as commodity prices for precious metals boomed, demand for bullion and collectible coins on eBay spiked.

However, concerns about the future somewhat overshadowed these results.

eBay outlined its profit outlook for the period ending in December to $1.31 to $1.36 a share, with revenue at $2.83 billion to $2.89 billion. According to Bloomberg-compiled data, this broadly matches Wall Street’s estimates for the top line, but misses on the bottom line, with analysts forecasting EPS to come in at $1.39 — suggesting the company expects some further margin pressure.

The company has been facing macroeconomic challenges since the US ended the de minimis tariff exemption in late August, with the online marketplace reliant on shipments. One small silver lining? CFO Peggy Alford highlighted a “less durable trend” on a post-earnings call: that as commodity prices for precious metals boomed, demand for bullion and collectible coins on eBay spiked.

A screenshot from Hims & Hers' website. (Sherwood News)

Hims to begin selling GLP-1 microdosing treatments

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