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OverviewAPI
Juul, the vaping giant, plans to slash 30% of its workforce in a cost-cutting measure aimed at improving profitability and reducing operating expenses by $225 million. The company seeks FDA authorization for a next-generation vape with age verification capabilities, aiming to limit underage access while encouraging adult smokers to switch to e-cigarettes. Juul's history includes regulatory challenges and legal battles, including a $1 billion settlement for its role in teen vaping and a lawsuit from Altria Group for alleged patent infringement.

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