Morning Business Report: FDA orders e-cigarettes to be taken off the market
Record number of Americans are expected to travel this upcoming July 4th holiday weekend. Drivers should be prepared for increased traffic as 42 million people take to the road.
U.S. median home prices break $400 thousand dollars for the first time ever.
The FDA will order Juul e-cigarettes off the U.S. market according to the Wall Street Journal. They say rivals RJ Reynolds and N-joy will be allowed to keep selling, as long as they aren’t fruity or sweet flavored.
The IRS is making progress on the tax return backlog, but millions remain unprocessed. There were 11 million pending as of June 10, twice as many in a typical year.