*Chloe Aiello*
The Food and Drug Administration confirmed reports Thursday it would seek to impose new restrictions on most flavors of e-cigarettes in a move to combat an "epidemic" number of teen vapers.
FDA Commissioner Scott Gottlieb [announced the news in a statement](https://www.fda.gov/NewsEvents/Newsroom/PressAnnouncements/ucm625884.htm) on Thursday, in which he references his work as a doctor and his personal history with cancer among other reasons that reducing the number of young smokers is so important to him.
Mint, menthol, and tobacco flavors are notably absent from the new restrictions, which rather than imposing a blanket ban, require that all flavored electronic nicotine delivery systems, or e-cigs, are sold in "age-restricted, in-person locations and, if sold online, under heightened practices for age verification." That means pods will no longer be sold in convenience stores, or anywhere that permits teens easy access.
In the statement, Gottlieb also proposed bans on flavored cigars and menthol in combustible tobacco products, which includes both cigars and cigarettes.
Following [reports the FDA was considering a comprehensive crackdown on flavored nicotine and methol products,](https://www.nytimes.com/2018/11/09/health/fda-menthol-cigarettes-ban.html) including mint and menthol, [Juul preemptively halted sales](https://cheddar.com/videos/juul-pulls-products-abandons-social-media-feeds-under-pressure-over-teen-vaping) of its mango, fruit, creme, and cucumber-flavored pods at more than 90,000 retail stores and tightened age restrictions on online sales. It also said it would shut down its social media accounts to avoid inadvertently advertising to teens.
Juul, which claims more than 70 percent of the U.S. e-cigarette market share, has been under intense scrutiny by the FDA and anti-smoking groups, which allege it has contributed to a spike in teen vaping.
Orangetheory Fitness is redefining the future of workouts with smarter tech, strength-based programming, and community-driven studios built for what’s next.
Spain's government has fined Airbnb 64 million euros or $75 million for advertising unlicensed tourist rentals. The consumer rights ministry announced the fine on Monday. The ministry stated that many listings lacked proper license numbers or included incorrect information. The move is part of Spain's ongoing efforts to regulate short-term rental companies amid a housing affordability crisis especially in popular urban areas. The ministry ordered Airbnb in May to remove around 65,000 listings for similar violations. The government's consumer rights minister emphasized the impact on families struggling with housing. Airbnb said it plans to challenge the fine in court.
Roomba maker iRobot has filed for Chapter 11 bankruptcy protection, but says that it doesn’t expect any disruptions to devices as the more than 30-year-old company is taken private under a restructuring process. iRobot said that it is being acquired by Picea through a court-supervised process. Picea is the company's primary contract manufacturer. The Bedford, Massachusetts-based anticipates completing the prepackaged chapter 11 process by February.
Serbia’s prosecutor for organized crime has charged a government minister and three others with abuse of position and falsifying of documents related to a luxury real estate project linked to U.S. President Donald Trump’s son-in-law Jared Kushner. The charges came on Monday. The investigation centers on a controversy over a a bombed-out military complex in central Belgrade that was a protected cultural heritage zone but that is facing redevelopment as a luxury compound by a company linked to Kushner. The $500 million proposal to build a high-rise hotel, offices and shops at the site has met fierce opposition from experts at home and abroad. Selakovic and others allegedly illegally lifted the protection status for the site by falsifying documentation.
Wealthfront’s CFO Alan Iberman talks the $2.05B IPO and the major moment for robo banking as the company bets on AI, automation, and “self-driving money."