The Trump administration backed a proposal for stablecoin issuers to offer yield to investors.
Category: Regulation and Deregulation of Industry
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White House and Crypto Industry Fight Bank Lobby Over Stablecoin Income
The New York Times – Business: -
Fed Minutes Show Officials in No Rush to Cut as Iran War Scrambled Outlook
The New York Times – Business:The conflict in the Middle East has left the Federal Reserve braced for higher inflation, upending expectations about if officials will restart interest rate cuts.
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Jamie Dimon Cites Risks From War, Private Credit, Inflation and More
The New York Times – Business:In his annual letter to shareholders, Jamie Dimon, the chief executive of JPMorgan Chase, said investors and businesses faced a series of challenges.
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‘Under Protest,’ Raw Dairy Farm Recalls Cheddar Linked to 9 E. Coli Cases
The New York Times – Business:Raw Farm, a dairy producer in California, denies that its products have caused the outbreak, which has sickened people in three states.
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Republicans Seek Protections for Oil Giants Against Climate Lawsuits
The New York Times – Business:Utah passed a law to insulate oil companies against efforts to make them pay for their role in global warming. A nationwide version is in the works.
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Eli Lilly Will Buy a Narcolepsy Drug Developer for $6.3 Billion
The New York Times – Business:Eli Lilly plans to acquire Centessa Pharmaceuticals, which has been conducting a midstage clinical trial of its lead drug.
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FDA Is Expected to Lift Restriction on Peptides, Heeding RFK Jr.’s Wishes
The New York Times – Business:The peptides, which are increasingly marketed as providing longevity and health benefits, were removed in 2023 from the agency’s list of products that compounding pharmacies can sell.
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Democrats Examine Elon Musk’s Role in Suspension of Business Disclosure Law
The New York Times – Business:Lawmakers have asked the Treasury Department for information on how Mr. Musk may have influenced the decision to end enforcement of the Corporate Transparency Act.
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From Foe to Ally: The S.E.C. Is Now Writing Crypto-Friendly Policies
The New York Times – Business:The embrace of crypto by financial regulators under President Trump has entered a new, cozier phase.
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Private-Credit Wobbles Could Prove Perilous for Trump
The New York Times – Business:The Trump administration is poised to broaden access to risky investments that are showing signs of strain.
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New Political Group to Push Trump’s A.I. Agenda in Midterms
The New York Times – Business:The group, Innovation Council Action, says it plans to spend at least $100 million. It will be led by a former administration official.
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How Many Air Traffic Controllers Are Needed Overnight?
The New York Times – Business:The accident at LaGuardia has raised questions about whether the minimum standard of two air traffic controllers on overnight shifts is sufficient.