Amazon hires Trump-allied lobbyist Jeff Miller as battle for Pentagon contract heats up.Politicsread more
In a series of tweets, the president addressed an unusual controversy stemming from a speech delivered Thursday by New York Fed President John Williams.Marketsread more
Companies aren't waiting for the U.S.-China trade war to be resolved, says the head of the world's biggest money manager.Investingread more
Iran's Revolutionary Guard says it seized a British tanker in the Strait of Hormuz, claiming it failed to follow international marine regulations.World Newsread more
More than a quarter of the S&P 500 companies report earnings in the week ahead, and that could buffet the market as investors await the Fed's meeting at the end of the month.Market Insiderread more
Walmart is making further organizational changes as it continues to integrate its store and digital operations and leadership, according to a memo obtained by CNBC that was...Retailread more
George Nader helped arrange a January 2017 meeting in the Seychelles between Erik Prince and the head of Russia's sovereign wealth fund, who reported directly to Vladimir...Politicsread more
These are the stocks posting the largest moves midday.Market Insiderread more
"I'm not hearing people blame the Fed as much as they're blaming tariffs," says CNBC's Jim Cramer.US Economyread more
Earlier, Williams said in a speech that "it's better to take preventative measures than to wait for disaster to unfold."The Fedread more
Four members of the House Armed Services Committee, including ranking member Rep. Mac Thornberry, R-Texas, said moving forward with the contract was critical to U.S. national...Technologyread more
The days of menthol cigarettes and strawberry-flavored e-cigs may be numbered.
The Food and Drug Administration is taking the first step toward implementing a rule about the role that flavors, including menthol, play in attracting users to certain tobacco products. On one hand, fun e-cig flavors like creme brulee might be enticing teenagers and young adults, but the FDA is trying to balance that with the flavors helping some adults to quit smoking traditional cigarettes.
The agency is considering banning or restricting menthol and other flavors from tobacco products. One of the questions it's seeking comment on is which types of products should fall under the rule: traditional combustible cigarettes, alternatives like e-cigarettes, or both.
"No child should use any tobacco products, including e-cigarette," FDA Commissioner Scott Gottlieb said, in a statement. "At the same time, we're aware that certain flavors may help currently addicted adult smokers switch to potentially less harmful forms of nicotine-containing tobacco products."
The FDA will also weigh the idea of restricting advertising and promotion of flavored products. It does not currently impose any such rules on e-cigarettes, whereas heavy regulations are imposed on traditional cigarettes.
Flavored products may also be required to offer warnings or disclosure statements on labels and packaging. The only warning statement e-cigarettes are currently required to include is one that states the product contains nicotine and that it's an addictive chemical.
The FDA banned certain flavors in cigarettes in 2009, but menthol was excluded from those new rules, as were other tobacco products. E-cigarettes have come under fire for their fruity flavors serving as a gateway for kids.
The controversy has heightened within the past year as JUUL, a popular e-cigarette, has become popular among adolescents and teenagers. Local news reports document kids bringing the devices, which look like USB drives, to school.
A JUUL spokeswoman did not immediately have comment, but the company has told CNBC in the past that it's ramping up enforcement efforts in response to adolescents using its products.
The FDA, under Gottlieb, adopted the idea that tobacco products exist on a continuum of risk, with cigarettes being the most deadly on the spectrum and e-cigs being seen as potentially less risky.
"The thought of any child starting down a path of a lifelong addiction to tobacco, which could ultimately lead to their death, is unacceptable," Gottlieb said, in a statement. "We need to take every effort to prevent kids from getting hooked on nicotine."
This is the latest action from the FDA, which introduced a sweeping tobacco initiative over the summer. Last week, the agency took the first step toward lowering the level of nicotine in cigarettes to minimally addictive or nonaddictive levels.
Public health advocates applauded the move to explore flavors. American Heart Association CEO Nancy Brown called the action "long overdue progress" and encouraged the FDA to move quickly to develop a "strong flavoring product standard."
Campaign for Tobacco-Free Kids President Matthew Myers called for the agency to ban flavors in all tobacco products unless manufacturers provide scientific evidence that allowing a specific one benefits public health.
"While a limited availability of flavors in reduced harm products such as e-cigarettes may play a role in encouraging smokers to quit, there is no role for products with youth appealing names such as unicorn vomit, fruit loops or peanut butter and jelly," said Robin Koval, CEO of the Truth Initiative.
Tobacco companies have said they welcome the FDA's approach. Menthol, however, may be prove to be more contentious.
Murray Garnick, General Counsel for Altria Group, said the company's "encouraged that FDA is recognizing the important role flavors may play in smokers choosing to transition to potentially less harmful products." A spokesman for Philip Morris International said the company's still in the process of reviewing the advanced notice of proposed rulemaking, but it has previously expressed support for Gottlieb's comprehensive plan.
Reynolds, which was acquired by British American Tobacco last year, has poured money into fighting a ban on flavored tobacco in San Francisco. It makes Newport, the most popular menthol cigarette and the second most popular cigarette, representing about 14 percent of the overall market in 2016, according to Euromonitor International.
Reynolds also makes the next two best-selling brands: Camel and Pall Mall, both of which offer menthol variations.
"We support responsible approaches to regulating flavors and balancing the growing evidence that flavors play an important role in helping adult smokers switch to alternatives that potentially present less risk than cigarettes," Dr. James Figlar, executive vice president of RAI Services Company, an indirect subsidiary of Reynolds American Inc., and executive vice president of research and development for R.J. Reynolds Tobacco Company, said in a statement.
The FDA's public comment period will be open for 90 days.
-CNBC's Meg Tirrell contributed to this report