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BOSTON (Reuters) - Fidelity Investments’ bet on a privately held maker of e-cigarettes faces new risks after U.S. health regulators on Wednesday said they are considering a ban on flavored versions of the popular “vaping” products. Closely held e-cigarette maker Juul Labs and other Silicon Valley start-ups lately have turned up as side bets in portfolios from Fidelity and rivals like T. Rowe Price, as the asset managers look for big paydays once the small companies go public, as Facebook Inc did in 2012.

The U.S, Food and Drug Administration gave the five top-selling e-cigarette brands 60 days to provide plans for keeping their products from being used my minors, Juul, lannister lion sigil cufflinks which owns about a 72 percent market share, was targeted by the agency for selling flavors that appear to particularly appeal to minors, At Boston-based Fidelity, Juul is held in funds including Blue Chip Growth Fund and Fidelity Advisor Series Growth Opportunities Fund, At the latter, a stake in Juul was the largest single holding as of July 31, with a valuation of $45.8 million, or 6.4 percent of net assets, according to a current disclosure on the fund firm’s website..

Fidelity spokeswoman Meghan French declined to comment or make portfolio managers available to comment. But even managers who are fans of Juul have made clear that uncertainty remains. “The company (Juul) and the industry face a number of social and public policy concerns,” wrote Sonu Kalra, manager of Fidelity Blue Chip Growth Fund, in a quarterly document for investors dated June 30. However, he and others were mostly bullish on Juul. “A small private investment in Juul Labs also paid off. We saw the value of our non-benchmark position in this leading e-cigarette maker rise along with the growing popularity of tobacco-free smoking,” wrote Growth Opportunities manager Kyle Weaver in the fund’s annual report dated Nov. 30, 2017.

Other non-public companies in the Blue Chip Growth portfolio include ride-hailing company Uber Technologies Inc and Blue Bottle Coffee Inc, Uber’s chief executive said earlier this month that the company is on track to go public next year, But the company also shows the risks of investing in start-ups not yet tested by public markets, as it faces regulatory scrutiny over several issues, including alleged lannister lion sigil cufflinks violations of bribery laws and gender discrimination, Uber has said it is cooperating with a U.S, Justice Department investigation into possible violations of bribery law, Uber CEO Dara Khosrowshahi in remarks to employees a year ago promised to change its culture after his predecessor Travis Kalanick resigned..

(Reuters) - A bipartisan group of 16 U.S. lawmakers asked Alphabet Inc’s Google (GOOGL.O) on Thursday if it would comply with China’s internet censorship and surveillance policies should it re-enter the Chinese search engine market. The questioning added to the pressure on Google to disclose precautions it would take to protect the safety of its users if Chinese regulators allow its search engine to operate. More than 1,000 Google employees, six U.S. senators and at least fourteen human rights groups have written to the company expressing concern about its China ambitions.

On Thursday, Jack Poulson, a research scientist who had worked for Google for more than two years, said he resigned because he felt the company was not honoring its commitment to human rights norms in designing the search app, Poulson told Reuters that executives would not specify to him where the company would draw the line on agreeing to Chinese demands, “Unfortunately, the virtually unanimous response over the course of three very vocal weeks lannister lion sigil cufflinks of escalation was: ‘I don’t know either,’” Poulson said..

He was among a handful who resigned, he told the Intercept online publication, which first reported on his action. Google declined to comment directly on the lawmakers’ letter or the resignations but said in a statement it had been “investing for many years to help Chinese users” and described its “work on search” for China as “exploratory” and “not close to launching.”. Reuters reported last month that Google planned to seek government clearance to provide a version of its search engine in China that blocks some websites and search terms.

Members of the U.S, House of Representatives, including liberal Democrats and lannister lion sigil cufflinks conservative Republicans, said in their letter on Thursday they had “serious concerns” about the potential step, The letter asked if Google would “ensure that individual Chinese citizens or foreigners living in China, including Americans, will not be surveilled or targeted through Google applications.”, Representative David Cicilline, a Democrat and signer of the letter, wrote on Twitter that “Google should not be helping China crack down on free speech and political dissent.”..

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