News published on Federal Newswire in May 2023

News from May 2023


Burt: 'Investment advisers have fiduciary duties to act in their clients’ best interest'

The Securities and Exchange Commission announced charges against Classic Asset Management LLC and Douglas G. Schmitz, an indirect part-owner and investment adviser representative, for breach of fiduciary duty by utilizing leveraged exchange-traded funds in client accounts.


Nadella: MIcrosoft seen as 'the platform of choice to help customers get the most value'

Microsoft Corporation announced that its revenue, operating income and net income all increased in the third quarter.


CDC Director: 'Our nation's HIV prevention efforts continue to move in the right direction'

The Center for Disease Control (CDC) recently released data showing that the estimated number of new HIV infections has dropped 12% in 2021 compared to 2017.


Ledger CEO: 'Everybody is very sad at Ledger when you yell at us'

In response to a week of intense criticism surrounding its new seed-recovery service, French wallet manufacturer Ledger has embarked on a public relations campaign aimed at addressing concerns and improving its approach.


FDA approves prescription nasal spray designed to counteract cases of opioid overdose

The U.S. Food and Drug Administration (FDA) recently approved a new prescription nasal spray designed to treat the effects of opioid overdose.


Microsoft announces new AI enhancements, other improvements for nonprofit organizations

Microsoft Corp. recently announced new AI enhancements and improvements to its Microsoft Cloud for Nonprofit designed to improve how nonprofits and fundraisers conduct business.


Mayorkas: 'Our ability to secure the homeland rests on public trust'

Law enforcement officers and agents with the Department of Homeland Security will soon be required to wear body cameras, as required by a newly issued executive order.


DOJ files complaint decree against poultry processor George's for actions that 'damage competition and the competitive process'

The U.S. DOJ filed an amended complaint and consent decree with George’s to resolve claims that they conspired with other poultry processors to suppress workers’ wages.


Attorneys say they 'were pleased' with judge's decision to stop American, Jet Blue merger

A federal judge has ruled in favor of the Justice Department (DOJ) and the attorneys general of six states and the District of Columbia in an antitrust lawsuit to stop the Northeast Alliance between American Airlines and JetBlue Airways.


Welcome With Dignity spokesman: Migrant girl who died in CBP custody 'deserves to be alive today'

U.S. Customs and Border Protection (CBP) officials are investigating the death of an 8-year-old migrant girl who died in the custody of border patrol officials while trying to emigrate with her family from Honduras to New York on May 17.


Proposal from Centers for Medicare & Medicaid Services will increase prescription drug transparency through Medicaid

The Biden Administration recently announced that a new proposal will increase transparency of prescription drugs offered through Medicaid.


Lee: 'Argentina will be an invaluable and active partner' in M-POWER efforts

The U.S. Department of Labor Deputy Undersecretary for International Affairs Thea Lee joined representatives from Argentina's Ministry of Labor and Social Welfare in Buenos Aires for the U.S.-Argentina Labor Dialogue.


FEMA provides $160 million for more than 400 projects related to climate resiliency

The Federal Emergency Management Agency (FEMA) has provided $160 million for more than 400 projects and activities that will build climate and disaster resiliency.


Center for American Progress factsheet highlights growth of older women in labor market

The Center for American Progress (CAP) has released a factsheet that shows the surge in the labor market participation among older women is nearing record highs.


Education Department backs Puerto Rico's decentralization of local education

The U.S. Department of Education has expressed its support for the Commonwealth of Puerto Rico's commitment to decentralize the Puerto Rico Department of Education (PRDE).


Buttigieg: 'House GOP plan would slash funding for programs the American people depend on'

The Federal Railway Administration released an outline of the measures it is taking to ensure safety and accountability in the freight-rail industry.


Energy Department authorizes $34 million for Native American, Alaska Native communities

Clean energy projects for 18 American Indian and Alaska Native communities received $34 million from the U.S. Department of Energy.


 Energy Department starts application process for Renew America's Nonprofits grant

The U.S. Department of Energy (DOE) has announced it has commenced the application process for the Renew America's Nonprofits grant, offering funding to reduce energy usage in buildings owned and operated by 501(c)(3) nonprofit organizations.


Altman: 'It is essential to develop regulations that incentivize AI safety'

The chief executive officer of OpenAI gave testimony May 16 before the U.S. Senate Committee on the Judiciary Subcommittee on Privacy, Technology and the Law addressing the importance of regulatory oversight on artificial intelligence.


Crypto security firm Unciphered claims the ability to physically hack Trezor T wallet: 'Security is that the threat can often be coming from inside the house'

According to CoinDesk, Unciphered, a renowned cybersecurity firm specializing in recovering lost cryptocurrency, announced that it has discovered a method to physically hack into the popular Trezor T hardware wallet.