The Food and Drug Administration is set to order Juul Labs Inc., the largest e-cigarette manufacturer in the U.S., to remove their products off shelves, according to The Wall Street Journal.
“This clearly comes as a surprise to the market … we would expect that Juul would appeal the decision, and remain on the market through that process, which would likely take a year or more,” Cowen analyst Vivien Azer told Reuters.
