FT News Briefing Friday, January 3
Jan 3, 2020
US regulators have introduced new restrictions on flavored e-cigarettes to protect youth. Bernie Sanders achieved a major fundraising milestone among Democratic candidates. Meanwhile, Brussels is pushing for an EU-wide tax on plastic waste, potentially raising billions for the UK. Investors are keenly watching the oil market, with concerns over declining US shale production impacting global supply and prices, as OPEC navigates production cuts while facing growing environmental pressures.
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E-Cigarette Restrictions
- The FDA restricted flavored e-cigarette cartridges to curb teen vaping.
- Tobacco and menthol flavors remain, but fruit and mint are targeted.
Sanders' Fundraising Lead
- Bernie Sanders outraised other Democratic presidential candidates in the last quarter of 2019.
- However, he trails Joe Biden in national polls and Pete Buttigieg in Iowa.
EU Plastic Tax
- The EU proposes a tax on non-recycled plastic waste.
- This tax could generate substantial revenue and fill the budget gap left by the UK's departure.