The US Food and Drug Administration is preparing to order Juul Labs to take its e-cigarettes off the market in the United States, the Wall Street JournalShares in the tobacco giant Altria Group, which owns a 35% stake in the maker of vaping products, fell 8.5% following the report. The decision could come as early as Wednesday, the Journal report said.
The FDA declined to comment on the report, while Altria and Juul did not respond to requests for comment. The looming verdict comes nearly two years after Juul applied for approval to keep selling e-cigarettes in the country. In October, the FDA had allowed a Juul rival, British American Tobacco, to market its Vuse Solo e-cigarettes and tobacco-flavored pods, the first vapor product to get clearance from the health regulator.
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