Michael Bloomberg launches $160M initiative to ban flavored e-cigarettes
Billionaire and former New York City mayor Michael Bloomberg's philanthropic arm announced plans on Tuesday to spend $160 million over three years in an attempt to ban flavored e-cigarettes in the U.S., saying tobacco companies "are preying on America's youth."
Though Bloomberg Philanthropies has backed efforts to curb tobacco use around the world before, this is reportedly the organization's first time financing an anti-tobacco initiative in the U.S., per the Washington Post. The pledge follows state and federal investigations into multiple deaths from an unknown lung illness linked to vaping.
The big picture: States including New York and Michigan have announced plans to ban the products.
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