Commerce News
Commerce
Marc Benioff, CEO of Salesforce, said that AI Cloud provides an answer to the universal demand for AI integration within companies. He points out that companies are increasingly desiring to become involved in AI, and Salesforce's new product lets them do exactly that.
Commerce
Tai: 'The RRM is an effective enforcement tool'
The United States has asked the government of Mexico to investigate whether workers at a global manufacturer with a foundry in Mexico have been denied their right to unionize.
Commerce
Strickland: 'FTC comes and lays out the facts re: UNC's hospital monopoly bill'
A bill is currently under consideration in North Carolina that aims to provide protection to the University of North Carolina Health Care System against potential antitrust challenges.
Commerce
USTR spokesperson on trade agreement: 'We thank our Taiwan partners for helping us achieve this important milestone'
The United States and Taiwan have entered the first agreement under their Initiative on 21st Century Trade, designed to strengthen the economic and trade partnership between the two nations.
Commerce
Grewal: 'You simply can’t ignore the rules because you don’t like them'
The U.S. Securities and Exchange Commission announced the filing of charges against Coinbase for operating without required registrations as a securities exchange, broker and cleaning agency.
Commerce
Binance on SEC request to freeze funds: 'No "emergency"… other than the one manufactured by the SEC'
The SEC is seeking an emergency temporary restraining order (TRO) against Binance to freeze assets tied to Binance.US. In response, Binance has filed a memo with the Court challenging the SEC's "emergency" claim, calling it "manufactured" for the SEC's "purposes” of gaining a legal advantage unsupported by fact.
Commerce
Bonta: 'Opioid addiction treatments should be accessible to everyone'
The U.S. Department of Justice announced Indivior agreed to pay $102.5 million in a settlement with 41 states and the District of Columbia.
Commerce
Levine: Amazon 'sacrificed privacy for profits'
The Federal Trade Commission recently announced legal action against Amazon for violating children's privacy law by storing kids' Alexa voice recordings and disregarding parental deletion requests.
Commerce
Raimondo: Export award winners are 'prime examples of America’s global private-sector leadership'
U.S. Secretary of Commerce Gina Raimondo recently presented the 2023 Presidential Awards for Export Achievements.
Commerce
Michel: ‘We thank our Taiwan partners for helping us reach this important milestone’ in signing a trade agreement
The Office of the U.S. Trade Representative expressed support of an agreement between the U.S. and Taiwan to strengthen and deepen trade between the two countries.
Commerce
Grewal: ‘You simply can’t ignore the rules because you don’t like them’
The U.S. Securities and Exchange Commission has filed complaints against cryptocurrency companies Coinbase Inc. and Binance Holdings Ltd. for several alleged securities law violations.
Commerce
Raimondo: 'The United States has provided a much-needed market for the steel that Ukraine is able to export'
Secretary of Commerce Gina Raimondo announced a presidential proclamation extending the temporary suspension of 232 Tariffs on Ukraine steel.
Commerce
Tai: Rapid Response Labor Mechanism ensures ‘workers at the Draxton facility can freely exercise their rights’
The United States is seeking a review of Mexico under the U.S.-Mexico-Canada Agreement’s Rapid Response Labor Mechanism because of suspected denial of workers’ rights at the Draxton facility in Irapuato, Guanajuato.
Commerce
Raimondo: 'We are making the most significant direct investment in climate resilience in the nation’s history'
The Biden-Harris administration announced a $2.6 billion framework through Investing in America Agenda to aid in the protection and restoration of coastal communities and marine resources.
Commerce
Tai: 'Our administration pledges to be an active ally in championing the rights of LGBTQI+ people'
U.S. Trade Representative Katherine Tai has underscored the Biden-Harris administration’s pledge to support the rights of lesbian, gay, bisexual, transgender, queer and intersex people during Pride Month.
Commerce
U.S. Rep. Thompson: 'Regulation by enforcement is not an appropriate way to govern a market'
The chairman of the U.S. House Committee on Agriculture earlier this week said the U.S. Securities and Exchange Commission's (SEC) recent lawsuits against crypto exchanges are "regulation by enforcement" and "not an appropriate away to govern a market."
Commerce
GOP House chairmen seek 'clear rules of the road for the digital asset ecosystem'
U.S. Reps. Patrick McHenry and Glenn Thompson, chairmen of the House Financial Services Committee and the House Committee on Agriculture, respectively, recently released a draft bill aiming to improve regulation of the digital asset industry.
Commerce
'Regulation by enforcement, and lawsuit by media': Despite calls for smart regulation, SEC sues crypto industry leaders
Following the announcement the US Securities and Exchange Commission had sued Binance, the world’s largest cryptocurrency exchange, prolific crypto legal commentator John Deaton criticized the SEC’s tactics of “regulation by enforcement” and “lawsuit by media” to address cryptocurrencies.
Commerce
Apple enters massive deal with Broadcom to develop 5G components: 'We'll continue to deepen our investments in the US'
Apple recently announced that it is entering a multiyear, multibillion-dollar agreement with U.S. technology and advanced manufacturing company Broadcom.
Commerce
Winkler: 'We will hold senior executives accountable for conduct that violates the securities laws'
The Securities and Exchange Commission reached a settlement with the former head of Wells Fargo and Company's Community Bank, involving a $3 million penalty.
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