- The US FDA and the Treasury Department proposed a new rule requiring importers to submit the submission tracking number of vapesin the electronic import system of the US Customs and Border Protection. If the rule is finalized, any vapethat does not submit the STN may be refused entry into the United States.
- RELX Technology’s net income in the second quarter of 2024 was RMB 627.2 million, a month-on-month increase of 13.7% and a year-on-year increase of 65.9%. The increase was mainly attributed to its international expansion; under non-US GAAP, the adjusted net profit in the second quarter was RMB 210 million, a month-on-month increase of 2.7% and a year-on-year increase of 147.1%.
- While the nicotine bag market is booming, counterfeit problems are emerging in an endless stream. Industry insiders revealed that the proliferation of ZYN counterfeits in the United States is serious, and the price in many states is as high as US$9.99. In addition, these counterfeits are very similar to the genuine products in appearance, and even most store owners lack a clear understanding of the authenticity of the goods they sell.
- The Department of Trade and Industry of the Philippines signed a cooperation agreement with the Narcotics Enforcement Bureau to jointly combat vapescontaining illegal drug ingredients and protect young people from such products.
- Belgium has imposed a consumption tax on vapeoils since 2024, leading to price increases, prompting vapeconsumers and some businesses to turn to the French market to circumvent taxes, triggering industry changes and market restructuring.