China is now a clean-energy powerhouse, with its market dominance extending from solar panels to electric vehicles. By 2030, China will have an outsized influence on the strategic industry and is poised to seize a fair share of the jobs and wealth creation that come with it.
In other news, Juul Labs, the e-cigarette maker, has settled a $462 million settlement with six US states and DC in the largest multi-state agreement yet for the troubled company. The company has been accused of contributing to the rise of vaping among youth.
The deal was part of a Six-State Deal over Marketing to Kids. Under this settlement, retailers are required to secure Juul products behind counters and verify purchasers' age. Additionally, Juul must cease using people under 35 years old in its marketing materials that directly or indirectly target young people.
New York Attorney General Letitia James announced that New York would receive nearly $113 million from this settlement. This money will be used to fund programs designed to deter underage smoking across the state.
Other states involved in this lawsuit are also receiving substantial amounts of money from this settlement paid out over an eight-year period. "This settlement means our company is nearing total resolution," said a representative from Juul Labs regarding their historical legal challenges which now total more than $1 billion.
Following separate settlements totaling $440 million after investigations by 33 states into its marketing practices and advertising methods for vaping products, JUUL continues efforts towards resolving pending litigation against them as well as maintaining compliance moving forward.
As part of these agreements involving retail stores nationwide selling tobacco products like those produced by JUUL labs require regular checks for age restrictions enforcement on purchases made within their establishments ensuring greater protection for potential customers who might otherwise be targeted unknowingly through advertisement campaigns aimed at younger audiences without proper verification measures taken beforehand during transactions themselves.