The Washington Post
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Vaping company Juul Labs will pay Chicago $23.8 million to settle a lawsuit alleging the company marketed products to underage users, the city announced Friday. The Chicago Department of Public Health will use the money for youth prevention and reduction programs, education and outreach, according to a city press release. The settlement is the latest payout from the embattled e-cigarette giant, which laid off hundreds of workers and settled thousands of lawsuits.
Apple investors reelected the company’s board, approved its compensation plan and rejected the shareholder proposals that the company opposed, giving the iphone maker a clean sweep during its annual meeting. A preliminary tally of the votes showed that the four measures Apple supported, including its board slate and compensation, were approved Friday. The five shareholder measures that it asked investors to reject failed to gain enough votes to pass. The company had sought to stave off investor concerns about compensation in the run-up to the shareholder meeting. Apple said in January that CEO Tim Cook’s pay package for 2023 would decline more than 40 percent, going from over $99 million in 2022 to a target of $49 million this year.