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Stock impact report

Ispire Technology and IKE Tech Applaud FDA Crackdown, Call for Tech-Driven Enforcement to Prevent Illicit Trade and Protect Youth [Yahoo! Finance]

Ispire Technology Inc. (ISPR) 
Company Research Source: Yahoo! Finance
technology and precision dosing, and IKE Tech LLC ("IKE Tech"), a joint venture that includes Ispire as a founding partner, released statements following the U.S. Food and Drug Administration's (FDA) Congressional funding and directive to combat the illicit vape market. Ispire (PRNewsfoto/Ispire Technology Inc.) As part of the continuing resolution passed by Congress and signed by President Trump, the FDA is now required to allocate at least $200 million of its $712 million in user fees toward enforcing regulations on electronic nicotine delivery systems (ENDS). This includes $2 million to support a multi-agency task force — involving the Departments of Justice and Homeland Security — focused on removing illegal ENDS products entering the U.S. from abroad. The FDA must also update its 2020 enforcement guidance to address flavored disposable vapes and report to Congress twice yearly on its progress. John Patterson, president of IKE Tech, said: Today's enforcement push is a wake Show less Read more
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