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FDA to Ban Menthol Cigarettes, Cigars


FDA to Ban Menthol Cigarettes, Cigars
The effort will build on previous flavor bans and include flavored cigars. 
April 30, 2021
WASHINGTON Yesterday, the U.S. Food and Drug Administration (FDA) announced its commitment to advancing two tobacco product standards. The agency is working toward issuing proposed product standards within the next year to ban menthol as a characterizing flavor in cigarettes and ban all characterizing flavors including menthol in cigars.
“Banning menthol the last allowable flavor in cigarettes and banning all flavors in cigars will help save lives, particularly among those disproportionately affected by these deadly products,” said Acting FDA Commissioner Janet Woodcock, M.D., in a press release. “With these actions, the FDA will help significantly reduce youth initiation, increase the chances of smoking cessation among current smokers, and address health disparities experienced by communities of color, low-income populations and ....

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Visa & Mastercard Will Wait Another Year to Hike Fees


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03/17/2021
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NATIONAL REPORT Visa Inc. and Mastercard Inc. are postponing plans to boost the fees U.S. merchants pay when consumers use credit cards, pushing back the changes another year to April 2022 due to the ongoing COVID-19 pandemic.
The plan included higher fees for the card networks  most prominent programs and for many online transactions, with estimated increases of $768 million a year for Visa and $383 million for Mastercard, according to payments consulting firm CMSPI.
Recognizing U.S. businesses are still facing many challenges posed by the COVID-19 pandemic, Visa has decided to significantly modify its planned April 2021 business release to delay the implementation of a number of interchange rate changes, the company told ....

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