U.S. FTC tells e-cigarette firms JUUL, NJOY, others to submit sales, ad data
- Wall Street slips off record highs, Tesla drops after fatal crash
- IBM (IBM) Tops Q1 EPS by 14c, Revenue Beats
- Tesla's (TSLA) Musk says data logs from crashed vehicle show Autopilot was not enabled, car did not purchase FSD
- Bitcoin (BTC) Price Fell 20% Off the Highs Over the Weekend as Markets Got 'Too Excited' About Coinbase (COIN), Says Mike Novogratz
- GameStop (GME) CEO Gets the Axe as Ryan Cohen Continues to Make His Mark, Analyst Says Co. Will Likely Look to Tech Sector for New Hires
FILE PHOTO: A customer holds an e-cigarette at the Henley Vaporium in New York City December 18, 2013. REUTERS/Mike Segar
Get inside Wall Street with StreetInsider Premium. Claim your 1-week free trial here.
WASHINGTON (Reuters) - The U.S. Federal Trade Commission said on Monday it has ordered five e-cigarette companies including JUUL Labs and NJOY to turn over sales and advertising data.
The regulatory agency said it sent orders to JUUL Labs, Inc; R.J. Reynolds Vapor Company; Fontem US, LLC; Logic Technology Development LLC; and NJOY, LLC seeking information from 2019 and 2020 including annual data on sales and giveaways of e-cigarettes and characteristics of their e-cigarette products such as flavors.
JUUL, Reynolds and NJOY did not respond to requests for comment. Fontem and Logic said they will cooperate with the FTC request.
The FTC issued prior orders in 2019 seeking information from earlier years as part of its ongoing study of the U.S. e-cigarette market. The consumer protection agency is trying better understand the rapidly growing market, similar to studies it has done on cigarettes and smokeless tobacco products.
E-cigarettes are handheld electronic devices that vaporize a fluid typically including nicotine and a flavor component. They have grabbed market share away from traditional cigarettes, and are available in different flavors.
(Reporting by David Shepardson; Editing by Will Dunham and Richard Pullin)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- United Airlines loss bigger than feared on higher fuel costs, capacity slide
- New Zealand expects Australia 'travel bubble' to stay open despite new virus case
- BOJ to mull slashing this year's inflation forecast: Nikkei
Create E-mail Alert Related CategoriesGeneral News, Reuters
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!