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Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place

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Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

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Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place

2

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

3

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
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Canada Is Making This Big Change to Packs of Cigarettes

By
Benjamin Snyder
Benjamin Snyder
Managing Editor
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By
Benjamin Snyder
Benjamin Snyder
Managing Editor
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June 1, 2016, 1:03 PM ET
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Midsection Of Man Smoking CigarettePhotography by Erik Jonsson / EyeEm Getty Images/EyeEm
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Canada wants to prevent kids from picking up the unhealthy habit of smoking cigarettes.

To do it, the country is removing branding from packages of tobacco products, the Wall Street Journal reported.

On Tuesday, Canada’s Health Minister Jane Philpott said that plain packaging would become a requirement, forcing companies to use a standard color, size, and shape for the products. The government’s goal is to curb companies from advertising to those under 18 and to dissuade them from picking up an addiction to tobacco.

“I don’t believe tobacco companies should be allowed to build brand loyalty with children, for a product that could kill them,” said Philpott in an interview with the newspaper. “Research shows that plain packaging of tobacco products is an effective way to deter people from starting to smoke and will bolster our efforts to reduce tobacco use in Canada.”

 

Other countries have set a similar precedent in recent years. The U.K. switched to plain packaging last month, while Australia implemented it in 2012 (becoming the first country to do so). France, Ireland, and Hungary are also among the countries making the change.

The Journal noted that more than five million Canadian citizens currently use tobacco products and 85% of those who smoke daily as adults had their first cigarette under the age of 18.
About the Author
By Benjamin SnyderManaging Editor
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Benjamin Snyder is Fortune's managing editor, leading operations for the newsroom.

Prior to rejoining Fortune, he was a managing editor at Business Insider and has worked as an editor for Bloomberg, LinkedIn and CNBC, covering leadership stories, sports business, careers and business news. He started his career as a breaking news reporter at Fortune in 2014.

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