Industry regulation
Nippon Steel’s U.S. Steel bid referred to President Biden for final decision
The United States Steel Corp. Clairton Coke Works in Clairton, Pennsylvania, US, on Tuesday, Dec. 19, 2023. Justin Merriman | Bloomberg | Getty Images Nippon Steel’s $15 billion bid for U.S. Steel has been referred to U.S. President Joe Biden, a White House spokesman said, giving the president 15 days to decide on a tie up he has […]
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Trump transition wants to scrap crash reporting requirement opposed by Tesla: Reuters
The remains of a Tesla vehicle are seen after it crashed in The Woodlands, Texas, April 17, 2021, in this still image from video obtained via social media. Video taken April 17, 2021. Scott J. Engle | Via Reuters The Trump transition team wants the incoming administration to drop a car-crash reporting requirement opposed by […]
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How Elon Musk’s plan to slash government agencies and regulation may benefit his empire
Elon Musk’s business empire is sprawling. It includes electric vehicle maker Tesla, social media company X, artificial intelligence startup xAI, computer interface company Neuralink, tunneling venture Boring Company and aerospace firm SpaceX. Some of his ventures already benefit tremendously from federal contracts. SpaceX has received more than $19 billion from contracts with the federal government, […]
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White House launches broad new regulatory effort, as Harris prepares to unveil economic plan
U.S. President Joe Biden attends a press conference during NATO’s 75th anniversary summit, in Washington, U.S., July 11, 2024. Leah Millis | Reuters The Biden Administration on Monday unveiled a new, multi-agency regulatory initiative to target corporate practices that officials claim are designed to waste consumers’ time and needlessly burden them with red tape, in […]
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Why the new spot ether ETFs may ‘be a hit’ despite recent weakness
ETF Edge Why the new spot ether ETFs may ‘be a hit’ despite recent weakness Published Thu, Jul 25 20248:00 PM EDT Ellie Stevens@elliestevens02 WATCH LIVE Source
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CFPB cracks down on popular paycheck advance programs. Here’s what that means for workers
Key Points The Consumer Financial Protection Bureau proposed a rule that would label paycheck advance programs as loans, if users are charged a fee. These programs are sometimes known as earned wage access, daily pay, instant pay, accrued wage access, same-day pay and on-demand pay. Under the proposed rule, users would see fees expressed as […]
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Deutsche Bank criticized by German regulator for financial reporting error
Key Points Deutsche Bank incorrectly disclosed deferred tax assets in its 2019 financial statement, German regulator BaFin said Tuesday. 2.076 billion euros ($2.26 billion) worth of deferred tax assets had not been disclosed separately in the notes for Deutsche Bank’s U.S. business, BaFin said. Deutsche Bank says the financial statement is still compliant with international […]
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With Chevron reversal, Supreme Court paves way for a ‘legal earthquake’
Four days after the Supreme Court ruled in the case of Loper Bright Enterprises vs. Raimondo, overturning the 40-year-old precedent known as the Chevron deference, the justices announced they would be sending nine cases back to lower courts in light of their ruling. This batch of cases may be the first indication of the legal […]
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CEOs at Trump meeting: Ex-president ‘meandering’ and ‘doesn’t know what he’s talking about’
WASHINGTON — Former President Donald Trump failed to impress everyone in a room full of top CEOs Thursday at the Business Roundtable’s quarterly meeting, multiple attendees told CNBC. “Trump doesn’t know what he’s talking about,” said one CEO who was in the room, according to a person who heard the executive speaking. The CEO also said Trump did not […]
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The SEC ruling on Ethereum ETFs could mark a historic shift in crypto investing
VanEck CEO Jan van Eck sees a major sentiment shift underway in the cryptocurrency market linked to the U.S. Securities and Exchange Commission’s approval of a rule change allowing for Ethereum exchange-traded funds. “This is really one of the most amazing things that I’ve seen in my career with respect to securities regulation,” van Eck […]
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