Juul CEO tells parents 'I'm sorry' amid teen vaping 'epidemic'

Experts weigh in on the consumer psychology behind Prime Day.UBS lowered its rating on shares of General Electric to neutral from buy on Monday.The forthcoming measures are expected to create an oversupply of high-sulfur fuel oil while sparking demand for IMO-compliant products.Japanese-style interest rate caps are drawing interest from global central bankers worried about a downturn, including U.S. Federal Reserve officials.The International Monetary Fund (IMF) will soon start the process of choosing a new managing director, with Christine Lagarde set to leave the organization in a few months'...Barry, now downgraded to a tropical depression, still packed winds of up to 25 mph and could drop 5 inches or more of rain on a water-logged Louisiana.Kevin Burns, CEO of Juul Labs ⁠— the maker of the bestselling e-cigarette in the U.S. and center of federal regulators' crackdown into what they're calling a teen vaping "epidemic" ⁠— has a message for parents whose children are addicted to his company's products: "I'm sorry."Since launching in 2015, Juul has quickly come to dominate the e-cigarette industry with roughly 40% of the market, becoming such a dominant player that Altria, the top U.S. cigarette company, invested $12.8 billion for a 35% stake in the San Francisco-based start-up. Former FDA Commissioner Scott Gottlieb and health care advocates blame the surge in teen vaping on Juul.CNBC's Carl Quintanilla interviewed Burns for a documentary, "Vaporized: America's E-cigarette Addiction," which premiers Monday at 10 p.m. ET. That is prompting fears e-cigarettes are addicting a new generation of nicotine after decades of cigarette smoking rates plummeting.Pam Debono's daughter Grace picked up a Juul in the summer of 2017. The company supports raising the minimum smoking age to 21 to keep teenagers from buying its e-cigarettes.Yet Juul's critics point to the company's initial advertising campaign, which featured bright colors and young looking models, as evidence that Juul fueled the surge in teen vaping.