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The vote in Texas is being closely watched in the industry as it could drive similar moves in other states. Reuters reported last month that Texas planned to mandate EV charging companies to include Tesla's North American Charging Standard (NACS) standard if the companies wanted access to a program to electrify highways using federal funds. Washington state has talked about similar plans and Kentucky has mandated that EV charging companies include Tesla's plug. The rollout of the federal funds require charging companies to offer CCS. But plans to adopt Tesla's technology by Ford Motor (F.N) and General Motors (GM.N) have prompted a flurry of automakers and charging companies to embrace the technology.
Persons: let's, Abhirup Roy, Hyunjoo Jin, Sonali Paul Organizations: FRANCISCO, Reuters, U.S, EV, CCS, Ford Motor, General Motors, Thomson Locations: Texas, Washington, Kentucky, San Francisco
With the first fight in federal court in California wrapped up, the agency and companies have decisions to make about what comes next. * Or the agency may choose to challenge Corley's ruling in a federal appeals court. An administrative law judge at the FTC is scheduled to hear arguments about the deal in August. The next stop after that would be a federal appeals court. * If the FTC wins, the companies can appeal to the commission to overturn the decision and, if needed, take the case to a federal appeals court.
Persons: Jacqueline Scott Corley, Corley's, Michael Chappell, Lina Khan, Chappell, Khan, Diane Bartz, Matthew Lewis, David Gregorio Our Organizations: Microsoft, Activision, U.S . Federal Trade Commission, Meta, FTC, Thomson Locations: California, Illumina's, Washington
US SEC to vote on 'swing pricing,' private investment reporting
  + stars: | 2023-07-06 | by ( ) www.reuters.com   time to read: +1 min
The Commission on July 12 will also vote on whether to require greater disclosures from the private asset managers to better detect the buildup of financial risk, according to an SEC announcement. The agency had been due to decide on the proposal in March but delayed the vote, saying commissioners felt it still needed work. The SEC will also consider whether to make proposals on the frequency with which broker-dealers and swap dealers calculate reserve deposit requirements. If one of the measures is adopted, the SEC could require broker-dealers to calculate reserve deposit requirements on a daily rather than weekly basis. Reporting by Douglas Gillison in Washington Editing by Matthew LewisOur Standards: The Thomson Reuters Trust Principles.
Persons: Douglas Gillison, Matthew Lewis Organizations: U.S . Securities, Exchange, SEC, Thomson Locations: Washington
WASHINGTON, July 6 (Reuters) - The U.S. Senate Commerce Committee plans to vote next week on President Joe Biden's nominee for a key fifth seat on the U.S. Federal Communications Commission (FCC). In July 2021, Biden signed an executive order encouraging the FCC to reinstate net neutrality rules adopted under Democratic then-President Barack Obama in 2015. Biden's first nominee for the open seat, former FCC official Gigi Sohn, withdrew in March after three hearings. The FCC has raised mounting concerns about Chinese telecom companies which had won permission to operate in the United States decades ago. In 2019, the FCC voted to deny state-owned Chinese telecom firm China Mobile Ltd (0941.HK) the right to provide U.S. services and later withdrew U.S. authorizations for several other Chinese telecom carriers, including China Telecom Corp (0728.HK).
Persons: Joe Biden's, Anna Gomez, Gomez, Brendan Carr, Geoffrey Starks, Donald Trump, Biden, Barack Obama, Biden's, Gigi Sohn, Sohn, David Shepardson Organizations: U.S, Senate, U.S . Federal Communications Commission, Democratic, State Department's Bureau, Cyberspace, Digital, Radio Conference, FCC, Republican, China Mobile Ltd, HK, China Telecom Corp, Thomson Locations: U.S, United States, United
July 5 (Reuters) - Commodity Futures Trading Commission (CFTC) investigators have concluded that bankrupt crypto lender Celsius and its former CEO Alex Mashinsky broke U.S. rules before the firm's implosion, Bloomberg News reported on Wednesday. Attorneys in the regulator's enforcement unit determined that Celsius misled investors and should have registered with the regulator, according to the report, citing people familiar with the matter. Celsius and the CFTC did not immediately respond to a Reuters request for comment. Last year's market turmoil after the collapse of TerraUSD led to the failure of several major crypto companies including Celsius Network. As part of Celsius' bankruptcy case, an independent examiner was appointed to investigate accusations that Celsius had operated as a Ponzi scheme and report on how it handled crypto assets.
Persons: Alex Mashinsky, TerraUSD, Akanksha, Rashmi Organizations: Futures Trading Commission, Bloomberg, CFTC, Thomson Locations: Bengaluru
Mr. Schumer declined to comment. The dispute comes just a week after Mr. Adams got into a verbal altercation with a Jewish housing activist whose family fled the Holocaust, and whom Mr. Adams compared to a plantation owner. Many of the Jewish leaders now criticizing him are of a progressive bent, and Mr. Adams is not popular with progressives. A City Hall spokeswoman noted that within Orthodox ranks, there is a great deal of diversity — there are both modern Orthodox, and Jews associated with the Lubavitch movement, for example. “This esteemed council comprises a diverse assembly of Jewish men and women hailing from various religious and cultural backgrounds, including Chabad, Conservative, Hasidic, nondenominational, Modern Orthodox, Reform, Sephardic, and Yeshiva Orthodox affiliations,” said the spokeswoman for the mayor.
Persons: Beth Elohim, Chuck Schumer, Nadler, Ruth Messinger, David Saperstein, Schumer, Adams, Organizations: Jewish World Service, Manhattan, Hall, Lubavitch, Conservative, Yeshiva Orthodox Locations: Brooklyn, Manhattan, New York
Which raises the question: Who would Trump bring back into his orbit should there be a second Trump term? Flynn was handsomely repaid by Trump when he won the 2016 presidential election, gaining the critical position of national security adviser. That is, they agree or strongly agree with statements such as “the federal government should declare the US a ‘Christian nation….’”The “ReAwaken America Tour”The ReAwaken America crowd looks to be a highly energized vanguard within this population. For an Audible podcast that we produced about Flynn and his role in ReAwaken America, Clark told us he considers Flynn “to be kind of like a father figure to [him],” and he hopes that Flynn will be Trump’s vice-presidential candidate. On tour, Flynn is dubbed, without irony, “America’s general,” and, at the event we attended in May, America’s general was the unquestionable star of the show.
Persons: Peter Bergen, Peter Bergen ”, Erik German, , Donald Trump, can’t, Trump, Michael Flynn, Flynn, We’re, Flynn wouldn’t, Mike Pence, Joe Biden, , Andrew Whitehead, Samuel Perry, Paul Djupe, Jacob Dennen, Donald, , Clay Clark, Clark, Flynn “, America’s, , Klaus Schwab, Schwab, I’m, ” Flynn, he’s Organizations: New, Arizona State University, Apple, Spotify, CNN, White House, Trump, Peter Bergen CNN, Trump National Doral Hotel, Republican, FBI, White, Denison University, Economic, America, Twitter, Facebook, Miami Locations: New America, Miami, Afghanistan, Iraq, Russian, America, Oklahoma, ReAwaken America, Davos, Switzerland
WASHINGTON, July 3 (Reuters) - U.S. President Joe Biden has nominated Virginia Solicitor General Andrew Ferguson and Utah Solicitor General Melissa Holyoak to fill Republican slots at the Federal Trade Commission, the White House said Monday. The FTC "operates best at full strength, and I will look forward to working with them," she said. A native of Virginia, Ferguson has an undergraduate degree from the University of Virginia and a law degree from the University of Virginia School of Law. Holyoak is the Utah Solicitor General with the Utah Attorney General's Office. Her undergraduate degree is from the University of Utah, as is her law degree.
Persons: Joe Biden, Andrew Ferguson, Melissa Holyoak, Lina Khan, Khan, Ferguson, Holyoak, Biden, Donald Trump's, Mitch McConnell, Lindsey Graham, Chuck Grassley, Myers, Amgen's, Black Knight, Diane Bartz, Kanishka Singh, Eric Beech, David Gregorio Our Organizations: Federal Trade Commission, U.S, Senate, FTC, Democratic, Facebook, Amazon.com, Albertsons, Senate Republican, University of Virginia, University of Virginia School of Law, Utah Attorney General's, Myers LLP, Hamilton Lincoln Law Institute, Competitive Enterprise Institute, Center for, University of Utah, Activision, Horizon Therapeutics, Black, Thomson Locations: Utah, Virginia
Digital World said that under the tentative settlement with the S.E.C. Federal authorities had been trying to determine if Digital World’s talks with Trump Media before its initial public offering in September 2021 were substantive enough that they should have been disclosed before the SPAC sold shares to the public. In its I.P.O., Digital World raised $300 million from investors. But the long delay in completing the merger prompted a number of hedge funds to pull out of that financing deal. As part of the tentative settlement, which requires approval by S.E.C.
Organizations: Trump Media, Federal
Organized retail crime is rising in Wichita, Kansas, according to a report by CNN. "To see this much retail crime, it's shocking," Captain Casey Slaughter, who leads Wichita Police Department's property crimes bureau, told CNN. Organized retail crime at retailers was 26.5% higher in 2021 than in the previous year, according to a study by the National Retail Federation. Target said organized retail crime has led to more than $400 million in profit losses in 2022. Local crime officials say that drugs, and in particular fentanyl, a synthetic drug like heroin but 50 times more potent, appear to be driving a lot of the retail crime.
Persons: , Kris Kobach, Captain Casey Slaughter, Slaughter, Joe Sullivan, Sullivan, Cabela's, Robert Lee, Lee Organizations: CNN, Service, Kansas, Wichita Police, National Retail Federation, Target Locations: Wichita , Kansas, San Francisco, Wichita, Sedgwick, Sedgwick County
Retail crime has hit a bustling Kansas metropolis
  + stars: | 2023-07-02 | by ( Parija Kavilanz | ) edition.cnn.com   time to read: +12 min
Republican Kris Kobach, Kansas’ attorney general, said retail crime is a “spiraling problem” in his state, adding that Kansas and Missouri are among the top 10 states in the nation for volume of retail crime. “There is a link between drug trafficking and organized retail crime,” Kobach told lawmakers in June. “Organized retail crime is a problem that is getting worse, not better. Organized retail crime offers criminals a business model of pure profit, “with no overhead, rent, product cost. In early June, Kobach testified before a House Judiciary Committee hearing on “Organized Retail Crime and the Threat to Public Safety.”“When one thinks about the explosion of organized retail crime in the United States, the State of Kansas may not intuitively jump to mind,” he told lawmakers.
Persons: They’re, it’s, Coleman, “ I’ve, , Casey Slaughter, Kris Kobach, Kobach, ” Kobach, Joe Sullivan, Sullivan, ” Sullivan, Joe Sohm, Cabela’s, shoplifters, ” Cabela’s, Slaughter, , Marc Bennett, There’s, Harold Casey, Casey, She’s, Poor, John Hanna, don’t, “ That’s Organizations: New, New York CNN, Wichita Police, Kansas, CNN, , Wichita, Wichita Skyline, America, Sporting Goods, Academy Sports, National Retail Federation, Centers for Disease Control, of Kansas, Scott, Family Services, , Walgreens, Public Safety Locations: New York, San Francisco, Chicago, Wichita , Kansas, Kris Kobach , Kansas, Kansas, Missouri, In Kansas, Sedgwick, Wichita, Arkansas Rivers, , Kansas, , Kansas . Kansas, Sedgwick County, Ulta, United States, State, But Kansas, “ In Kansas
EU to meet on U.S. data transfer pact in mid-July - lawyer
  + stars: | 2023-06-26 | by ( ) www.reuters.com   time to read: +2 min
DUBLIN, June 26 (Reuters) - The European Commission is due to finalise a new data transfer pact with the United States by mid-July, a lawyer for Ireland's Data Protection Commissioner (DPC), the bloc's lead regulator for many big tech firms, said on Monday. The European Union and United States agreed in March 2022 on the new mechanism to safely transfer EU citizens' personal data to the U.S. after Europe's top court threw out the two previous data transfer frameworks because of concerns about U.S. intelligence agencies accessing Europeans' private data. The two sides have since been working through the detail and Catherine Donnelly, a lawyer for the DPC, said the Irish regulator understood the pact will be presented to the College of Commissioners, the Commission's collective decision-making body, by mid-July. The social media giant said it expects the new pact to be fully implemented before it has to suspend transfers. Reporting by Padraic Halpin, additional reporting by Foo Yun Chee in Brussels, editing by Christina FincherOur Standards: The Thomson Reuters Trust Principles.
Persons: Catherine Donnelly, Meta, Denis McDonald, Padraic Halpin, Foo Yun Chee, Christina Fincher Organizations: DUBLIN, European, Data, European Union, United, College of Commissioners, Facebook, Irish High Court, Thomson Locations: United States, Dublin, Europe, Brussels
This will be her first appearance before the committee since Republicans assumed control. Republicans have been especially critical of the FTC's privacy investigation into Twitter since it was purchased by billionaire Tesla CEO Elon Musk. In March, the FTC confirmed it was conducting an investigation into Twitter’s privacy practices. In April, the committee subpoenaed Khan for documents related to the Twitter privacy probe following Musk's $44 billion purchase of the social media company in October. Khan, an antitrust researcher focused on Big Tech’s immense market power, vowed to reinvigorate antitrust enforcement after she joined the FTC in June 2021 and was named chair.
Persons: Lina Khan, Tesla, Elon Musk, Khan, Jim Jordan, Jordan, Illumina, Christine Wilson, David Shepardson, Diane Craft, David Gregorio Our Organizations: . Federal Trade, Republicans, Twitter, FTC, Democratic, Amazon.com, Amazon, Politico, Thomson Locations: Illumina, San Diego
LONDON, June 19 (Reuters) - Even the clergy are not immune from Britain's cost-of-living crisis, which has now forced Church of England vicars to make a formal pay claim for the first time in their nearly 500-year history. A Church of England spokesperson said it was aware that its clergy were dealing with a cost-of-living crisis. The Church last year set aside 3 million pounds for dioceses to make grants to help clergy struggling with the rising energy bills. Unite proposed the clergy's national minimum stipend rise to 29,340 pounds ($37,600) and the national stipend benchmark be increased to 31,335 pounds, it said. "Last year many clergy had to turn to charitable aid because they couldn't make ends meet," said Sam Maginnis, a member of the clergy and Unite.
Persons: Sharon Graham, Sam Maginnis, Sachin Ravikumar, Angus MacSwan Organizations: of, of England, Archbishop's Council, Thomson Locations: of England
Ms. Sewell, 51, is walking away from a department of 36,000 uniformed officers that saw the rate of major crimes like murders and shootings fall during her tenure. She added about 30 detectives to a sex-crimes unit that for years had been understaffed and overworked. Now, officers, department watchdogs and community leaders are trying to figure out what comes next. Perhaps the most daunting task will be serving a mayor — himself a former police captain — whose administration is believed to have meddled so much that Ms. Sewell felt she had to quit. While previous commissioners said they had to deal with some level of micromanagement, they said they were typically allowed to pick their own teams and rarely had to get approval for discretionary promotions.
Persons: Sewell, Caban,
The first fight will be in federal court in California, beginning on June 22 and running until June 29. Here are four potential outcomes of the California hearing:* Judge Jacqueline Scott Corley may grant the preliminary injunction and the companies terminate. The FTC lost in federal court and dropped the internal FTC challenge. That can be appealed to a federal appeals court. The next stop after that would be a federal appeals court.
Persons: Jacqueline Scott Corley, Corley, Michael Chappell, Lina Khan, Chappell, Khan, Diane Bartz, Matthew Lewis Organizations: Microsoft, Activision, DirecTV, Federal Trade Commission, FTC, Meta, Thomson Locations: California, Illumina's, Washington
Sierra Leone opposition calls for election chief to resign
  + stars: | 2023-06-15 | by ( ) www.reuters.com   time to read: +2 min
Samura Kamara, head of the All People's Congress (APC) party, said he wanted the chief electoral commissioner and all regional commissioners of the national election body to be replaced by "an independent internationally accredited team". "The Sierra Leone People's Party (SLPP) is gravely concerned about the deliberate attempts by the All People's Congress to disrupt the peaceful elections and reverse the democratic gains Sierra Leone has made," it said in a statement on Thursday. Sierra Leone's chief electoral commissioner Mohamed Kenewui Konneh also rejected Kamara's accusations and said none of his team would resign. Kamara said that if the officials did not resign within 72 hours, the APC party would meet and "decide the next steps". On Tuesday, dozens of young people were arrested following opposition protests in several cities calling for the electoral commissioner to resign, local media reported.
Persons: Leone's, Samura Kamara, Kamara, Julius Maada, Bio's, Sierra, Mohamed Kenewui Konneh, Umaru Fofana, Cooper Inveen, Nellie Peyton, Alex Richardson Organizations: Congress, Reuters, Sierra Leone People's Party, All, Sierra, Sierra Leone's, Thomson Locations: FREETOWN, Sierra
The trouble for the wealth fund and the tour is that Washington also has a bipartisan affection for lawmakers imitating sports executives, and browbeating actual ones, in public and in private. The tour and the wealth fund can take some comfort in history, which suggests a successful congressional effort to thwart the deal directly is unlikely. The Hill, though, could still seek to make the transaction painful beyond a feisty public hearing or two. Groups like the PGA Tour have combated legislative headaches surrounding their tax-exempt status in the past, with one effort to end the practice for sports leagues vanishing from a 2017 tax bill at the last moment. In the past 18 months, years after the N.F.L.
Persons: Blumenthal, Ron Wyden, , Organizations: Major League Baseball, Democrat, Senate Finance Committee Locations: Washington, Oregon
A recalled baby pillow that's now been linked to at least 10 infant deaths is still being widely sold on Facebook Marketplace, and federal regulators are calling on the company to do more to stop the sales. A series of newborn loungers from The Boppy Company were recalled in September 2021 after eight deaths were linked to the product. Sales of the recalled products — which include the Boppy Original Newborn Lounger, the Boppy Preferred Newborn Lounger and the Pottery Barn Kids Boppy Newborn Lounger — have been illegal for nearly two years. "Far too often, the CPSC has found [recalled] products listed for sale on Facebook Marketplace even after recall information has been provided to your company. By allowing such products to be posted, you are putting Facebook Marketplace users at risk."
Persons: Mark Zuckerberg Organizations: Facebook, Boppy, Consumer Product Safety, CNBC
As she made history in leading the agency, Khan's sprawling oversight plans and focus on fair competition in markets drew pushback from GOP leaders who denounced them as "politicized." The backlash to Khan's antitrust platform has come from across the Republican caucuses in Congress — even as many GOP lawmakers have backed antitrust policies or slammed Big Tech companies. watch nowKhan has defended her positions, telling CNBC on May 10 that the FTC enforces antitrust laws passed by Congress. Jordan and other GOP House members have criticized the plan as a "power grab." But an FTC spokesperson said Khan's agency has jurisdiction over all fees except banking and airlines.
Persons: Lina M, Khan, Graeme Jennings, Lina Khan, Pete Buttigieg's, Rohit Chopra, Christine Wilson, Noah Joshua Phillips, Joe Biden's, Matt Stoller, Stoller, Lina, Republican Sens, Chuck Grassley, Mike Lee, Ken Buck, Jim Jordan, Grassley, David Cicilline, Sen, Amy Klobuchar, Elon Musk, Musk, Jordan, Jon Schweppe, Jordan tweeting, they're, Mo Cayer, Khan . Jordan, noncompetes, Trump, Wilson, Leslie Overton, Harkrider, Biden Organizations: Commerce, Science, Capitol, AFP, Getty Images, Biden, Federal Trade, Southwest Airlines, Republicans, Consumer Financial Protection, FTC, Yale University Law School, Washington , D.C, New Yorker, Columbia Law School, American Economic Liberties, Big Tech, Republican, GOP, CNBC, Congress, Rhode Island's, Committee, Twitter, GOP House, Elon, The New York Times, Times, University of New, Democratic, Junk Locations: Washington , DC, London, Washington ,, New, Iowa, Utah, Colorado, Ohio, House, Minnesota, University of New Haven, Connecticut, Khan ., Axinn
May 31 (Reuters) - A failed Republican state candidate in New Mexico was charged by federal authorities on Wednesday for a shooting spree targeting the homes of four elected Democratic officials, the U.S. Justice Department said in a statement. Solomon Pena, 40, lost a state House of Representatives race last November. After his defeat, Pena organized the shootings on the homes of two Bernalillo County commissioners and two New Mexico state legislators, prosecutors said. If convicted, Pena faces a mandatory minimum of 60 years in prison, according to the Justice Department. Reporting by Kanishka Singh in Washington; Editing by Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.
Persons: Solomon Pena, Pena, Kenneth, Tim Keller, Linda Lopez, David Clements, Clements, Kanishka Singh, Leslie Adler Organizations: Republican, Democratic, U.S . Justice Department, Justice Department, Albuquerque, Thomson Locations: New Mexico, Bernalillo, Washington
President Joe Biden nominated telecom attorney Anna Gomez to the Federal Communications Commission, his second attempt to fill an empty seat on the typically five-member panel that has left the agency in a 2-2 deadlock for his entire presidency thus far. Gomez has previously worked for the FCC in several positions over 12 years, the White House said. Jonathan Spalter, president and CEO of USTelecom, a trade group that represents broadband providers like AT&T and Verizon , congratulated Gomez in a statement. Free Press, a nonprofit advocacy group that supports net neutrality, said Gomez's nomination was long overdue. González called Gomez "eminently qualified" for the role and praised the nomination of a Latinx candidate to the position.
Inflation "is still too high, and by some measures progress has been slowing," Jefferson said in comments prepared for delivery to the National Association of Insurance Commissioners. While his baseline forecast does not include recession, he said he expects job growth to slow and the unemployment rate possibly rise over time. Jefferson did not indicate a preference for holding rates steady or proceeding with further rate increases at the Fed's June meeting, when a rate pause is widely expected. He said, however, he would "consider all these factors" in the context of jobs and inflation data still to be released before the June 13-14 meeting. "There is considerable uncertainty about the magnitude of the impact on household spending and business investment, and this uncertainty complicates economic outlook forecasts," Jefferson said.
WASHINGTON, May 16 (Reuters) - The U.S. Federal Trade Commission said on Tuesday it would sue to stop Amgen Inc's (AMGN.O) $27.8 billion deal to buy Horizon Therapeutics Plc (HZNP.O). The agency said it was opposing the deal because it would give Amgen "monopoly positions" for medicines used to treat thyroid eye disease and chronic refractory gout. The deal, which was announced in December 2022, would give Amgen two fast-growing drugs, the thyroid eye disease treatment Tepezza and gout treatment Krystexxa. Other key drugs in Amgen's product portfolio, such as psoriasis therapy Otezla, face the loss of patent protections over the next few years. It is unusual for the agency to sue to stop a pharmaceutical deal.
EU states approve world's first comprehensive crypto rules
  + stars: | 2023-05-16 | by ( Huw Jones | ) www.reuters.com   time to read: +2 min
(Reuters) - European Union states on Tuesday gave the final nod to the world’s first comprehensive set of rules to regulate cryptoassets on Tuesday, piling pressure on countries such as Britain and the United States to play catch up. REUTERS/Dado Ruvic/IllustrationAn EU finance minister meeting in Brussels approved rules that were thrashed out with the European Parliament, which gave its approval in April. Regulating crypto has become more urgent for regulators after the collapse of crypto exchange FTX. Crypto firms say they want certainty in regulation, putting pressure on countries to copy the EU rules, and on regulators to come up with global norms for a cross-border activity. The United States has focused on using existing securities rules for enforcement action in the sector while it decides on whether to introduce bespoke new rules and who would apply them.
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