Know The Difference Minute

The Biden administration has floated a 2023 rule change that would establish a maximum nicotine level in cigarettes in an attempt to make them less addictive.

What is Know The Difference Minute?

Hot topics, fresh stories and useful formation; all in 60 seconds

The FDA says quit.
Welcome to the Know the Difference Minute for Thursday, June 23rd. First day of Summerfest.
The Biden administration is keen on limiting tobacco use—and today, the USDA ordered Juul Labs to stop selling vape devices. The decision follows a 2-year FDA review as the company sought authorization for its products to stay on the market.
Today’s decision comes 2 days after the Biden administration floated a May 2023 rule change that would establish a maximum nicotine level in cigarettes in an attempt to make them less addictive.
The traditional cigarette industry has been in a decline for decades while companies seek to pivot to e-cigarettes and other heated tobacco products. More FDA decisions could endanger that strategy.
In 2018, tobacco giant Altria took at 35% stake in Juul for $12.8 billion. After crackdowns and declining sales, it’s now worth $1.6 billion.
For Dave Spano, I’m Deanne Phillips from Annex Wealth Management. That is your Know the Difference Minute.