Commerce News

Commerce

Antoni: 'The July figures are helping to show the real story' of inflation

The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.2% in July, mirroring June's increase, with the shelter index accounting for more than 90% of the monthly rise, the U.S. Bureau of Labor Statistics reported.
Commerce

Kelly: 'Specific and credible information plays an integral part in the SEC’s enforcement efforts'

Seven individuals who acted as whistleblowers have been granted more than $104 million by the U.S. Securities and Exchange Commission.
Commerce

Emmer: Recent visit 'demonstrated the need to address the regulatory state overwhelming manufacturers in the heartland'

House Majority Whip Rep. Tom Emmer, R-Minn., said federal regulations are causing significant harm among American manufacturers.
Commerce

Combs: 'DEBT Box and its principals lied to investors about virtually every material aspect of their unregistered offering of securities'

In order to stop a fraudulent crypto asset scheme involving 18 defendants, the U.S. Securities and Exchange Commission successfully obtained emergency relief against a company based in Utah.
Commerce

Grewal: Compliance with federal securities laws 'is essential to investor protection and well-functioning markets'

The U.S. Securities and Exchange Commission recently announced charges against 11 Wall Street firms for reported extensive recordkeeping shortcomings.
Commerce

LeBoeuf: 'It is imperative that we continue to measure hypoxia in this region as an indicator of ocean health'

NOAA-supported scientists reported that the Gulf of Mexico's 2023 "dead zone” spans about 3,058 square miles, which is smaller than average, according to a press release.
Commerce

Raimondo on DOC, NOAA investment: 'This funding will help ensure facilities are resilient in a changing climate'

On Aug. 1, the Department of Commerce announced a large investment to enhance marine sanctuaries across the U.S., according to a press release.
Commerce

Allen-Ebrahimian: 'How I chose to get involved with China in the first place was completely random'

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.
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