Ticker: Juul gets FDA’s OK on e-cigs ; Jobless claims decline  

The Food and Drug Administration is allowing vaping brand Juul to keep its e-cigarettes on the sector providing relief to a company that has struggled for years after being widely blamed for sparking the teen vaping trend FDA regulators explained Thursday that Juul s studies show its e-cigarettes are less harmful for adult smokers who can benefit from switching altogether to vaping The FDA decision applies to both tobacco- and menthol-flavored versions of the reusable product which works with nicotine-filled cartridges sold in two different strengths Juul previously discontinued several fruit and candy flavors that helped drive its popularity but were favored by teens Juul will be one of only two U S companies authorized to sell menthol-flavored vapes which plenty of adults prefer to tobacco flavor Jobless alleges decline Applications for U S unemployment benefits declined for a fifth straight week to the lowest level since mid-April showing a resilient job realm First-time jobless insists decreased by to in the week ended July The median forecast in a Bloomberg survey of economists called for applications Continuing insists a proxy for the number of people receiving benefits were little changed at million in the previous week that included Independence Day according to Labor Department facts disclosed Thursday Weekly alleges have fallen back toward subdued levels seen before the pandemic after trending higher in May and June At the same time recurring alleges near the highest since suggests unemployed Americans continue to find difficulty in securing a new job as the pace of hiring has slowed