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Juul Sued by California for Marketing E-Cigarettes to Teens

(Bloomberg) — Juul Labs Inc. was sued by California for allegedly targeting teenagers with ads for its e-cigarettes, after a series of lawsuits filed by schools, parents and others against the market leader as deaths and illnesses linked to vaping add up across the U.S.“Juul adopted the tobacco industry’s infamous playbook, employing advertisements that had no regard for public health and searching out vulnerable targets,” said California Attorney General Xavier Becerra, who announced the lawsuit at a news conference Monday in Los Angeles. “Today we take legal action against the deceptive practices that Juul and the e-cigarette industry employ to …read more […]

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California to stop buying GM, Toyota and Fiat Chrysler vehicles over emissions fight

California said on Monday it will halt all purchases of new vehicles for state government fleets from GM, Toyota and Fiat Chrysler and other automakers backing President Donald Trump in a battle to strip the state of authority to regulate tailpipe emissions.

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FedEx CEO calls out NYT over tax bill report

FedEx CEO Fred Smith called out ‘The New York Times’ after the publication published a report detailing how FedEx slashed its tax bill from $1.5 billion to $0 in one year. Yahoo Finance’s Zack Guzman and Brian Cheung are joined by Retail Expert Erin Sykes on YFi PM. …read more […]

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Warren Calls Out Blackstone for ‘Shameless’ Profits From Housing

(Bloomberg) — Elizabeth Warren called out Blackstone Group Inc. for its real estate practices as she laid out her tenants’ rights plan, accusing the company of “shamelessly” profiting from the 2008 housing crisis.Her criticism on Monday was the latest instance of the Democratic 2020 presidential candidate singling out Wall Street companies and investors by name for actions she says contribute to inequality.In a Medium post where she laid out proposals to strengthen tenants’ rights, Warren assailed Blackstone for going on a “shopping spree” in the wake of the 2008 crisis and buying apartments and single family homes that had been …read more […]

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Boost founder says willing to pay up to $2 billion to buy brand from Sprint

Boost Mobile founder Peter Adderton is willing to pay up to $2 billion to buy back the prepaid wireless brand from Sprint Corp , he told Reuters on Monday, a significant potential premium to what satellite TV provider Dish Network agreed to pay for Sprint’s entire prepaid wireless business.

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Boost founder says willing to pay up to $2 billion to buy brand from Sprint

U.S. regulators approved Sprint’s $26.5-billion merger with larger rival T-Mobile US Inc in July. As a concession to regulators, the companies agreed to sell Sprint’s prepaid wireless business, which includes the Boost and Virgin Mobile brands, to Dish for $1.4 billion, as well as sell some wireless spectrum, or airwaves that carry data, to Dish for $3.6 billion. …read more […]

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FTC chief says has 'multiple' investigations of tech platforms

The chairman of the Federal Trade Commission said on Monday that his agency had multiple investigations of tech platforms, in addition to its known probe of Facebook, but did not identify them. Big tech companies like Facebook, Alphabet’s Google, Amazon.com and Apple face a slew of antitrust probes by the federal government, state attorneys general and congress. It has previously been reported that the FTC’s focus was on Facebook and Amazon.com. …read more […]