The decision to end the inquiry into Jerome H. Powell’s handling of the Federal Reserve’s renovation could allow Kevin M. Warsh, the president’s pick for Fed chair, to be confirmed.
Category: Regulation and Deregulation of Industry
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Justice Department Drops Criminal Investigation of Fed Chair Jerome Powell
The New York Times – Business: -
Congress May Finally Recognize That Mobile Homes Aren’t Really That Mobile
The New York Times – Business:An obscure federal rule requires manufactured homes to be built on a chassis, making them more costly. A bill in Congress would remove the mandate, enacted five decades ago.
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Why Diesel Has Become a Much Bigger Economic Problem Than Gasoline
The New York Times – Business:The war in Iran has disrupted supplies of diesel, used to power trucks and heavy equipment, much more than gasoline, which is primarily used in passenger cars.
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Two Drugs Stir Hope for Treatment of Deadly Pancreatic Cancer
The New York Times – Business:In separate small clinical trials, two treatments showed promise that they could help patients with one of the most dire diagnoses in oncology.
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Supreme Court Reviews F.C.C.’s Enforcement Power Against Communications Companies
The New York Times – Business:AT&T and Verizon were penalized millions of dollars for what the agency said was a failure to protect consumer information. The companies say they were deprived of their right to a jury trial.
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Second Jury Finds Uber Responsible for Sexual Assault by a Driver
The New York Times – Business:The ride-hailing giant has now lost the first two of more than 3,000 pending federal lawsuits.
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Federal Court Temporarily Freezes Nexstar’s Merger With Tegna
The New York Times – Business:The judge said the two television companies could not combine operations while an antitrust lawsuit proceeded. Nexstar said its deal was already done.
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New Rules Hinder Foreign Firms From Moving Supply Chains From China
The New York Times – Business:Multinationals in China are concerned that the regulations could allow authorities to penalize companies and executives for shifting supply chains away from the country.
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White House and Crypto Industry Fight Bank Lobby Over Stablecoin Income
The New York Times – Business:The Trump administration backed a proposal for stablecoin issuers to offer yield to investors.
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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.