*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.
President Donald Trump said he has decided to lower his combined tariff rates on imports of Chinese goods to 47% after talks with Chinese leader Xi Jinping on curbing fentanyl trafficking.
Universal Music Group and AI platform Udio have settled a copyright lawsuit and will collaborate on a new music creation and streaming platform. The companies announced on Wednesday that they reached a compensatory legal settlement and new licensing agreements. These agreements aim to provide more revenue opportunities for Universal's artists and songwriters. The rise of AI song generation tools like Udio has disrupted the music streaming industry, leading to accusations from record labels. This deal marks the first since Universal and others sued Udio and Suno last year. Financial terms of the settlement weren't disclosed.
Nvidia on Wednesday became the first public company to reach a market capitalization of $5 trillion. The ravenous appetite for the Silicon Valley company’s chips is the main reason that the company’s stock price has increased so rapidly since early 2023.
Chris Williamson, Chief Business Economist at S&P Global, breaks down September’s CPI print and inflation trends, explaining what it means for markets.
