Commerce News
Commerce
Charles Edel, Center for Strategic and International Studies Australia chair, hosted a live book launch Aug. 1 featuring Bethany Allen-Ebrahimian, author of the book, "Beijing Rules: How China Weaponized its Economy to Confront the World."
Commerce
Vedova: 'Deal termination protects competition and is a win for patients'
CooperCompanies, a global powerhouse in medical device manufacturing, has terminated its planned $875 million acquisition of Cook Medical's reproductive health business following a full-phase investigation by the Federal Trade Commission (FTC).
Commerce
Taylor-Kale: Commerce, Defense are 'working together to expand domestic semiconductor production capacity in a coordinated fashion'
The U.S. Departments of Commerce and Defense signed a Memorandum of Agreement to closely collaborate to strengthen the U.S. semiconductor defense industrial base.
Commerce
Vedova: 'The proposed order is a victory in creating a fair and competitive playing field in the e-prescription drug market'
The Federal Trade Commission reached a proposed settlement with Surescripts in an illegal monopolization case that aims to address anticompetitive actions resulting in increased prices, hindered innovation and limited customer choices in the e-prescription market.
Commerce
Raimondo: 'This EDA investment will expand South Texas’ industrial core'
The U.S. Department of Commerce is sending more than $1 million to southern Texas to bolster business and job growth in the region.
Commerce
Gaspard: Digital Consumer Protection Commission Act 'will help address major concerns around competition, privacy, security and transparency'
U.S. Sens. Lindsey Graham. R-S.C., and Elizabeth Warren, D-Mass., recently introduced the Warren-Graham Digital Consumer Protection Commission (DCPC) Act, a landmark bill aimed at regulating major tech platforms and data processors to protect consumers and uphold democratic values in the digital age.
Commerce
DOC's Castillo: 'This project will help manufacturers improve their ability to attract and retain talent'
The University of Tennessee, Knoxville, is getting nearly $750,000 in federal grant funding to strengthen the state's manufacturing sector.
Commerce
Empowering Entrepreneurs: Alfredo Ortiz on the True Essence of the American Dream
Alfredo Ortiz is the President and CEO of the Job Creators Network. He is the author of “Minority Ownership.”
Commerce
Gensler: 'Whether a company loses a factory in a fire — or millions of files in a cybersecurity incident — it may be material to investors'
Public companies in the U.S. now must disclose any cybersecurity incidents they have, as well as their cybersecurity risk management plans, under new rules recently adopted by the U.S. Securities and Exchange Commission (SEC).
Commerce
Grewal: 'DWAC failed to disclose its discussions with TMTG'
On July 20, the U.S. Securities and Exchange Commission announced charges against Digital World Acquisition Corporation (DWAC), a special purpose acquisition company (SPAC), for material misrepresentation to investors.
Commerce
Gensler: 'I thank Natasha and Keith for stepping in on an interim basis to lead the Division of Examinations'
The U.S. Securities and Exchange Commission recently appointed Natasha Vij Greiner and Keith E. Cassidy as interim acting co-directors of the Division of Examinations, effective immediately.
Commerce
Grewal: SEC 'will continue to use all the tools at our disposal to hold accountable those who abuse their positions'
A British national who resides primarily in the Bahamas and three of his associates were charged by the U.S. Securities and Exchange Commission (SEC) with insider trading. The investor allegedly provided nonpublic information to the others for the purpose of executing illegal trades, resulting in more than $500,000 in profits.
Commerce
Gensler: 'We live in an historic, transformational age with regard to predictive data analytics and the use of artificial intelligence'
The Securities and Exchange Commission proposed requiring broker-dealers and investment advisers to address possible conflicts of interest related to the use of predictive data analytics and similar technologies.
Commerce
Rivas: Improperly imported school supplies 'could have potentially caused serious health and safety issues to children'
The recent seizure in San Juan, Puerto Rico, of school supplies without proper safety labeling has federal officials reminding retailers and consumers to be aware of U.S. safety standards.
Commerce
Raimondo on IPEF: 'We need a framework to have a strong integrated economic strategy with these countries'
President Biden said the United States needs to be present when he proposed the Indo-Pacific Economic Framework (IPEF), Secretary of Commerce Gina Raimondo said during a fireside chat at the Woodrow Wilson Center on July 25. This framework gives the U.S. a strong, integrated economic strategy with those countries, she said.
Commerce
Ebong: We are 'working to bring innovative, high-quality U.S. solutions to help bridge the digital divide in South Africa'
The U.S. Trade and Development Agency (USTDA) and Ilitha Telecommunications Ltd. are partnering on a feasibility study regarding Wi-Fi connectivity in South Africa's townships.
Commerce
U.S. Reps. Gallagher and Smith question Ford on its new partner's 'attempt to shield its connection to Xinjiang-based companies' and its own 'commitment to advance U.S. battery production'
Mike Gallagher and Jason Smith, Wisconsin and Missouri representatives, respectively, express concerns about a new partnership between Ford and a China-linked battery company. Their remarks are part of a joint letter sent to Ford's CEO on July 20th.
Commerce
Vedova: 'It’s critical that the market for health care product advertising remains competitive'
The Federal Trade Commission recently initiated legal action in order to block IQVIA's acquisition of Propel Media, with the goal of preventing a significant increase in market concentration within the healthcare programmatic advertising industry.
Commerce
Levine: We will pursue 'those who prey on individuals struggling with alcohol or other substance use disorders'
The FTC has taken legal action against the manufacturers of Sobrenix supplement, who made deceptive claims about the supplement's ability to reduce alcohol cravings and utilized fraudulent endorsements.
Commerce
Raimondo: ‘The DPF is a testament to the strength of the U.S.-EU relationship’
The U.S. Commerce Department recently launched a website allowing companies to sign up for a program that is a mechanism in which personal data can be transferred from the European Union to the United States.
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