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The FDA Approves ‘Heat Not Burn’ IQOS Cigarettes For American Sale

The Food and Drug Administration (FDA) handed Philip Morris International (PMI) a victory yesterday as it approved for sale in the United States their IQOS product of “heat not burn” cigarettes. After three years of study, the FDA will now allow IQOS, which PMI and many scientists say drastically reduces harmful chemicals users ingest, to be sold in American stores.To get more news about Hitaste p6, you can visit hitaste.net official website.

The product is a battery-charged, handheld device into which “heat sticks,” which look like mini cigarettes, are inserted. The device heats the tobacco in the “heat sticks” to a level that releases nicotine, the addictive substance in tobacco, without any burning of the leaves. It is this lack of combustion that results in reduced harm. Unlike vaping, IQOS uses real tobacco, which means that for many of its users it more closely resembles the sensation of traditional smoking.
The FDA’s decision to authorize IQOS in the U.S. is an important step forward for the approximately 40 million American men and women who smoke. Some will quit. Most won’t, and for them IQOS offers a smoke-free alternative to continued smoking. In just two years, 7.3 million people around the world have abandoned cigarettes and switched completely to IQOS. Today’s decision by FDA makes this opportunity available to American adult smokers. All of us at PMI are determined to replace cigarettes with smoke-free alternatives that combine sophisticated technology and intensive scientific validation. FDA’s announcement is a historic milestone.

For PMI, the decision could not have come too soon. Its American sister company, Altria, which will distribute IQOS in the United States, last year bought a large share in Juul, a vape product that has quickly taken up 70 percent of the market. This created tension between PMI and Altria, as the former saw the move as a detriment to their rollout of IQOS. Now Altria will be free to sell and promote IQOS, alongside Juul.Over the past year, Juul has come under increasing attack for its sales to minors. The product has been part of the cause of an enormous spike in youth vaping. Importantly, the FDA decision on IQOS specifically stated that IQOS would not be attractive to youth users, a claim backed up by data from the 47 countries in which IQOS has been introduced.

But PMI’s battle with the FDA over IQOS is only half won. In 2016, along with its application to sell the product, PMI submitted an application for the product to receive a Modified Risk Tobacco Product (MRTP) label, introduced under the Obama administration, but which the FDA has never granted to a product. The MRTP label is essentially an FDA stamp of approval that a given product truly is less harmful than traditional smoking. That application is still pending.The label is important not only because it gives consumers confidence that the product is actually less harmful, but it can also make the price point of IQOS significantly lower than other products. Two states so far—Kentucky and Connecticut—have already passed laws stating that products with the MRTP label will be taxed at half the rate of products without it.

Experts I have spoken to over the years tell me that this use of the tax code to encourage the adoption of lower-risk products is a key component to lowering the overall rate of smoking. As more states adopt such tax remedies, the significant difference in price between more and less harmful products could be a game changer in smoking cessation.

It is intriguing that this decision comes quickly on the heels of the departure of former FDA commissioner Scott Gottlieb. During his tenure, Gottlieb soured on vaping and other reduced-risk products because of the rise of youth adoption. This decision could signal that the agency is now more open to these products.

Take the Journey with You“ Special Event of ACEM for the 125th

In 2021, Shanghai Jiao Tong University (SJTU) ushered in its 125th anniversary, and Antai College of Economics and Management (ACEM) recently ushered in its 103rd anniversary. On this special day, the people of Antai also celebrated the 125th anniversary of their alma mater in their own way. On April 10, the “Come for You, Take the Journey with You” Special Event of ACEM for the 125th Anniversary of Shanghai Jiao Tong University was successfully held. Chen Fangruo, dean of ACEM, Jiang Wenning, secretary of the Party Committee, Tian Xinmin, vice dean of ACEM, and alumni representatives jointly witnessed the grand gathering. The special event included “Back to University on Cloud”, “Master in Management Returning to University on the 3rd Anniversary of Graduation” and the alumni afternoon tea forum. Huang Shujuan, director of Alumni and Development Liaison Office of ACEM hosted the event.To get more news about top mba colleges in China, you can visit acem.sjtu.edu.cn official website.
At 14:00, the session “Back to University on Cloud” of ACEM began on schedule. Dean Chen Fangruo, secretary Jiang Wenning, vice dean Tian Xinmin and alumni representatives Zhang Gang (1984 alumni of SJTU, monitor of Class 2 of EMBA 2014 Spring & chairman of Shanghai Honshen Valve Manufacture Co., Ltd.), Dong Jiawei (1987 undergraduate alumni, founder and CEO of Sovell Technology Development Co., Ltd.), Wang Haiqing (2005 undergraduate alumni, founder and CEO of LL Capital), and Gao Yingjia (2011 MBA alumni, founder and CEO of Unibrown), met and talked with Antai people all over the world in a special "open way" on the cloud, attracting nearly 200,000 alumni and netizens to watch online, to feel the boundless charm of the University and build a new chapter in the future.
The live streaming started with a personal letter from Wu Hengshun, a 96-year-old alumni. The letter mentioned that "for over 70 years of graduation, I have always been bearing in mind the honor and responsibility of being a SJTUer, and go along with the development of the Party and the country. In the future, I will continue being a good SJTUer as always.” Having been away from his alma mater for more than 70 years, Wu Hengshun has always been concerned about the development of SJTU. Wu, who was 80 years old at that time, began to donate to SJTU in 2005, and has continued for 16 years without interruption. During the pandemic, the university was closed, but he still kept on donating through the wall. In his words, "though the amount of donation is very small, I am just trying to express my inner feelings.” ACEM made a hand-painted illustration of Wu Hengshun's donation story, to give him as a reply letter.
As time goes by, the campus environment and the development of ACEM are undergoing tremendous changes, but what keeps unchanged is the enterprising and innovative spirit of SJTUer. Dean Chen Fangruo introduced the development of ACEM in the past year. He pointed out that ACEM's development strategy of "cultivating interdisciplinary talents proficient in theory and practice" is to continuously study the current problems through industry research, so as to achieve the purpose of lifelong learning. The development of alumni and the development of ACEM can be more closely linked through the link of industry research. Secretary Jiang Wenning shared his pride as an old SJTUer and a new Antai person. He said that the relationship between the development of ACEM and the development of the alumni is a complementary relationship. In the future, Antai people will continue to practice the school motto of "loving the country, honoring the school and being grateful for favors received" to build ACEM better. Alumni are also welcome to come back to the university to have a look. Vice dean Tian Xinmin expressed his heartfelt thanks to the alumni for their concern and support for the development of SJTU and ACEM. He hoped that the alumni would pay more attention to the subject construction and talent training of ACEM and give more suggestions for the development of SJTU and ACEM. He wished the alumni all the best on behalf of the teachers and students of ACEM.
The four alumni, enrolled from 1984 to 2011, who participated in the sharing, were from several different projects. They shared their stories from memory of SJTU, spirit of SJTU, entrepreneurial story and industry development. There is an old saying in SJTU that if you choose SJTU, you choose responsibility; and if you go out of SJTU, you will have to shoulder responsibility bravely. From them, we can see the tenacity of entrepreneurs and the responsibility of SJTUers, who are grateful to the alma mater and make contributions back to the society. The entrepreneurial path is difficult and lonely, but alumni are not afraid. "Love to create and be good at fighting", using the "business training" they learned in their alma mater, alumni dare to accept challenges and shine in their respective fields. At the same time, they are also the warmest entrepreneurs. Behind the warm stories of "bear claw Cafe", donating smartplate devices for SJTU, and "caring porter" are the great love and responsibility mission of SJTU.
As early as more than a month ago, ACEM launched the university anniversary blessing collection among Antai people all over the world. What's SJTU like in your memory? What do you think is the spirit of SJTU? Your happy moment at ACEM? At the end of the live streaming, the theme video "Come for You, Take the Journey with You", which concentrates the love and blessing of Antai people all over the world, premiered in public. Alumni expressed in the message platform that tears filled their eyes when watching the video. No matter where they go, their alma mater will always be their warmest harbor. No matter where they go, they should tell a good "Chinese story" as a SJTUer.

Antai College of Economics and Management ranks 14th

Antai College of Economics and Management (Antai) at Shanghai Jiao Tong University and Imperial College Business School tied for 14th place in the Global Masters in Management Ranking by Financial Times (FT) of the best 100 programs. The new ranking was released on October 28, 2019. Antai made the list of FT's top 20 business schools worldwide and reconfirmed its position as Asia's number one business school for two years running.To get more news about business school in China, you can visit acem.sjtu.edu.cn official website.

As one of the most authoritative business school rankings, FT Ranking is a comprehensive measurement of the salaries earned by the graduates, the progress of their careers, aims achieved and entrepreneurship as well as business schools' overall strength based on a set of widely accepted indicators.Antai was especially prominent in terms of indicators evaluating the graduates' career development:

Antai's outstanding performance in the career progress indicators fully confirms the competitive advantages of its graduates. Most of the graduates have worked at leading businesses and organizations, including China Foreign Exchange Trade System, ICBC, Boston Consulting Group, Mercer, SAIC Motor, Bosera Asset Management, Guotai Junan Securities and CITIC Securities, receiving high praises from employers for their deep expertise, abundance of self-confidence and diligence.

Antai has initiated a number of student exchange programs with over 100 of the world's top business schools. Each year, 20% of its postgraduates study or work as interns abroad, while over 200 international students come to Antai as exchange students. In addition, Antai has partnered with world-renowned universities including Purdue University, IE, ESCP and the University of Southern California on dual-degree programs.

In the QS World University Rankings by subject for 2019, Antai's Business & Management Studies ranked 45th, while Accounting & Finance came in 41st and Statistics & Operational Research rated 43rd. The school also topped the list of the FT Asia-Pacific Business School Rankings for both 2017 and 2018.