The US Food and Drug Administration (FDA) is set to release proposed new regulations for tobacco product manufacturers, including e-cigarettes, in an effort to prevent the contamination of the products and to establish guidelines for their manufacture and packaging. The regulations will also work towards ensuring public safety and compliance with federal regulations. The proposed rules will address issues such as product contamination and inconsistencies between the concentration of the e-liquid and the information on the label. The FDA plans to host a public hearing on the regulations and will consider input from stakeholders and the public for a period of 180 days.
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Juul, a leading US electronic cigarette manufacturer, could file for bankruptcy as it struggles with the effects of strict regulation. While the company has been expanding its overseas markets in recent years, the majority of its revenue still comes from the US market. However, since the FDA ordered the removal of all Juul products from the US market in June, the company has struggled financially. Sources claim that if the ban cannot be lifted entirely, Juul is expected to discuss financing issues with its lenders this week and enter a potential process of bankruptcy protection.
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