Juul Soon to Be Ordered Off the Market by FDA, WSJ Reports
- E-cig maker set to come up short in yearslong clearance quest
- Shares of Juul backer Altria fall 10%; another tobacco setback
Photographer: Gabby Jones/Bloomberg
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The US Food and Drug Administration is getting ready to order Juul Labs Inc.’s e-cigarettes off the market, the Wall Street Journal reported, citing people familiar with the matter.
The decision could be announced as early as Wednesday, according to the Journal. Juul representatives couldn’t immediately be reached for comment. A spokesperson for the FDA declined to comment.