>
Juul CEO apologizes to parents of teens addicted to vaping
July 16, 2019

From CNBC:

Kevin Burns, CEO of Juul Labs ⁠– the maker of the bestselling e-cigarette in the U.S. and center of federal regulators' crackdown into what they're calling a teen vaping "epidemic" ⁠– has a message for parents whose children are addicted to his company's products: "I'm sorry."

Since launching in 2015, Juul has quickly come to dominate the e-cigarette industry with roughly 40% of the market, becoming such a dominant player that Altria, the top U.S. cigarette company, invested $12.8 billion for a 35% stake in the San Francisco-based start-up. But the company has a problem: Its vapes are incredibly popular with teenagers.

The Food and Drug Administration has declared teen vaping an "epidemic," citing federal survey data that showed nearly 21% of high school students vaped last year. Former FDA Commissioner Scott Gottlieb and health care advocates blame the surge in teen vaping on Juul.

CNBC's Carl Quintanilla interviewed Burns for a documentary, "Vaporized: America's E-cigarette Addiction," which premiers Monday at 10 p.m. ET. Quintanilla, who toured one of Juul's manufacturing facilities in Wisconsin with Burns, asked him what he would say to a parent with a child who was addicted to Juul.

Continue reading at CNBC...

You may also like

U.S. fertility rate drops to new all-time low

"The report found that the general fertility rate dropped 2% between 2017 and 2018 among girls and women age 15 to 44 nationwide."

CDC says death rate for young adults is rising

"Death rates are on the rise for young and middle-aged U.S. adults, with white and black people experiencing higher mortality than Hispanic people."

Millions should stop taking aspirin for heart health

"Millions of people who take aspirin to prevent a heart attack may need to rethink the pill-popping."