Commerce News
Commerce
The federal government is investing $60 million to support small businesses that are developing technologies designed to increase coastal resilience to climate change. The program partners companies with business accelerators to develop technologies and bring them to market.
Commerce
Antoni: 'American families are being forced to eat the rotten fruit from the tree of government overspending'
Amid the latest Consumer Price Index (CPI) data releases this week showing a 0.2% increase in June's inflation, with a 3% increase over the past year, wages are slipping and fueling concerns among analysts and Heritage Foundation economist EJ Antoni is urging policymakers to act urgently on government overspending.
Commerce
Grewal: DWAC case shows SEC's 'ongoing commitment to exposing insider trading wherever it occurs'
The SEC has brought insider-trading charges against former DWAC board member Bruce Garelick, Michael Shvartsman and his company Rocket One Capital LLC, and Gerald Shvartsman.
Commerce
Blockchain Association chief policy officer: 'It’s clear that the digital assets industry cannot expect a fair assessment from Chair Gensler'
Jake Chervinsky, the chief policy officer of Blockchain Association, a nonprofit that advocates for "pro-innovation" policies for the digital asset industry, called on U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler to remove himself from the SEC's decision-making process for carrying out enforcement actions in the crypto industry, citing Gensler's assertion that all digital assets except bitcoin are securities. Chervinsky's statement comes amidst a wave of SEC enforcement actions against crypto companies, while industry participants and lawmakers are calling for clearer regulatory guidelines for the digital asset industry.
Commerce
SEC on MusclePharm cases: We 'will not hesitate to bring enforcement actions' against those who threaten market integrity
The SEC has filed charges against former executives of MusclePharm Corp., a nutritional supplement company based in Las Vegas, for allegedly engaging in fraudulent practices to prematurely recognize revenue.
Commerce
Raimondo: 'New program makes long overdue investments in communities that have been overlooked'
In an effort to provide a fair shot at economic success for underserved individuals and communities, the Biden-Harris administration has launched the Distressed Area Recompete Pilot Program through the U.S. Department of Commerce's Economic Development Administration.
Commerce
Commerce's Raimondo on EU-US DPF: 'This represents the culmination of months of significant collaboration'
This week, U.S. Secretary of Commerce Gina Raimondo issued a statement detailing recent developments in the United States’ and European Union’s joint effort for data privacy.
Commerce
Raimondo calls Climate Ready initiative to help build 'a climate-ready workforce'
The National Oceanic and Atmospheric Administration (NOAA) is offering $60 million to create jobs that address climate change and boost local resilience. The initiative aims to train workers for quality positions while prioritizing historically underserved communities and promoting equity.
Commerce
Smith: 'Case shows our continuing commitment to rooting out those who cheat the system by misusing material nonpublic information'
Five people were recently issued insider trading charges by the Securities and Exchange Commission.
Commerce
SEC's Grewal: DWAC case 'demonstrates the Commission's ongoing commitment to exposing insider trading wherever it occurs'
The SEC has brought insider-trading charges against former DWAC board member Bruce Garelick, Michael Shvartsman and his company Rocket One Capital LLC, and Gerald Shvartsman.
Commerce
Tai on settlement of US-India trade disputes: 'We will strengthen our trade relationship with one of our closest partners'
Trade Association Ambassador Katherine Tai recently announced that the U.S. and India have resolved six trade disputes, leading to the lifting of retaliatory tariffs imposed by India on American goods such as apples, chickpeas and almonds.
Commerce
Tai: Biden-Harris Administration commits 'to deepening our economic engagement throughout Southeast Asia and the Pacific'
Sarah Ellerman will work as the Assistant U.S. Trade Representative for Southeast Asia and the Pacific, the Office of the U.S. Trade Representative said on June 23.
Commerce
Khan: 'Much has changed in the 45 years since the HSR Act was passed'
The Federal Trade Commission and the Antitrust Division of the U.S. Department of Justice jointly proposed changes to the premerger notification form and associated instructions, as well as the premerger notification rules that implement the Hart-Scott-Rodino (HSR) Act.
Commerce
Gensler: 'Marcum neglected its essential gatekeeper function in service to its own growth'
A national accounting and advisory services firm based in New York City has been charged by the Securities and Exchange Commission for violations related to quality control and auditing standards. The allegations are primarily connected, but not limited, to the firm's work with special purpose acquisition company clients.
Commerce
IBM's Mantas: Companies 'need to assess their company requirements' around privacy, security, accuracy with AI
Jesus Mantas, global managing partner at IBM, warned against data privacy and security breaches with the rise of artificial intelligence (AI) technology, saying companies should be proactive in their data privacy measures.
Commerce
FTC Chair: 'Amazon tricked and trapped people into recurring subscriptions without their consent'
Lina M. Khan, Chair of the Federal Trade Commission (FTC), said that Amazon has been tricking customers into paying for subscriptions. The FTC announced that a federal lawsuit has been filed against Amazon.
Commerce
Matthew Reynolds on China's sanctions against Micron: U.S. 'should instead exercise equanimity in its response'
Matthew Reynolds, a fellow at the Center for Strategic and International Studies, said that in responding to China's actions towards Micron, the U.S should be reserved, focusing on the larger goal of exposing China's aggressive foreign business tactics. He said this in a commentary published on June 22.
Commerce
Technology official: FTC should not 'make up' new laws in suit against Amazon
Information Technology and Innovation Foundation (ITIF) Vice President Daniel Castro has criticized the Federal Trade Commission's (FTC) announcement to take legal action against Amazon for allegedly tricking customers into signing up for its Amazon Prime service, saying the FTC was using bait-and-switch tactics.
Commerce
Yamaguchi: 'We are pleased to formalize this collaboration to benefit educational institutions across the nation'
The International Trade Administration announced the partnership with the Association of International Educators (NAFSA).
Commerce
Reed: 'Google abuses its control over the ad server monopoly'
Gannett, the largest news publisher in the United States, filed a lawsuit against Google, accusing the tech giant of monopolizing advertising technology markets and engaging in deceptive commercial practices.
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