On June 29th, 2020, the Supreme Court declined to hear a case that sought to challenge the FDA’s authority to reject flavored e-cigarettes. The case was brought by makers of the flavored products, who argued that FDA regulations were out of step with the law. The Court’s decision not to take the case will allow the FDA to proceed with its enforcement of its rules surrounding flavored e-cigarettes.
Related Articles
UAW autoworkers officially ratified new contract, union says
UAW autoworkers voted to approve a new four-year contract with U.S. automakers, according to a statement from the union published late Monday. The contract, which will impact more than 156,000 workers, was reached over the weekend and requires final ratification by all three automakers. It includes pay increases, new pension plans for veteran autoworkers, and […]
Delta says Hollywood and auto strikes are denting business travel
Delta Air Lines is feeling the impact of two major strikes involving Hollywood and the auto industry. The airline has noted in its quarterly reports a decline in business travel from both sectors due to the ongoing labor disputes. The impacts were felt most acutely in the third quarter, when revenues in the company’s business […]
Peloton shares fall after it posts wider-than-expected loss, falling sales due to Bike recall, seasonality
Peloton’s shares fell by about 7.4% after it posted a wider-than-expected adjusted loss of $0.26 per share in its fiscal fourth quarter and reported lower-than-expected sales of $757 million. The drop in sales was largely attributed to the recall of its Tread+ product in April, as well as lower-than-expected sales due to seasonality and supply […]