Nexstar Media will purchase a 75% stake in CW Network from Warner Bros Discovery and Paramount Global.
The chicken's launching comes at the same time as Burger King is temporarily eliminating meat from its entire menu at two of its outlets in Chile.
SK Inc. and SK Energy jointly buy a major stake in Atom Power to expand its energy solution service portfolio.
Instagram is reportedly muting videos edited and downloaded from its app if users do not post them as Reels first
Shinsegae will build an integrated mall with unique facilities and offer thousands of new jobs to the locals.
Juul Labs seeks to extend stay on ban, claims FDA failed to evaluate all its evidence
Juul Labs filed to extend the stay on the Food and Drug Administration (FDA) ban Tuesday, saying the agency did not review all the evidence it presented.
The FDA banned sales of Juul e-cigarettes Thursday, citing a lack of sufficient evidence regarding the toxicological profiles of its products.
The FDA said that Juuls provided insufficient or contradictory information about the risks of using its products in its application for market approval, including whether potentially harmful chemicals could leak from Juul pods.
A court granted Juul’s request for a temporary stay on the order the next day.
In a filing with the US District Court of Appeals for the District of Columbia Circuit, Juul alleged that the FDA disregarded more than 6,000 pages of information it provided about the aerosols produced by heating the liquid in its pods and inhaled by users.
Juul contended that if the FDA had carried out a more thorough assessment, as it did for previous applicants, it would have seen evidence proving that those substances were not detectable in the aerosol that its users inhale.
British American Tobacco and NJOY, two competing e-cigarette manufacturers, have received FDA approval for their products over the past year, despite the government rejecting some of the flavored goods those businesses submitted. The FDA claimed it gave the tobacco-flavored goods produced by those companies their approval because they showed how they could benefit adult smokers and balance the risk to consumers who are underage.
According to Juul, its rivals’ applications have all been approved, and the FDA did not explain why they were held to a different standard. Juul had been seeking approval for its vaping device and tobacco- and menthol-flavored pods.
Since 2018, Juul had been the market leader in e-cigarettes, according to Euromonitor International. The company held a 54.7 percent share of the US$9.38 billion e-vapor market since 2020.