Regulation

Artificial Intelligence

The SEC Probes AI Use at Investment Advisory Firms

Photo by APK via CC BY-SA 3.0

As the world of high finance ushers in an era of AI, the SEC has begun investigating how investment advisory firms use the technology.

2 min read

Photo by Ian Hutchinson via Unsplash

Regulation

Washington Wants More Rules, Bankers Have Concerns

Top bosses from eight major financial institutions appeared before a Senate committee to give their opinion on looming banking reforms.

2 min read
Photo by Raymond Kotewicz via Unsplash

Regulation

The FTC Starts Probe of Exxon’s Pioneer Acquisition

Exxon’s $60 billion planned acquisition of Pioneer Natural Resources has attracted the attention of the Federal Trade Commission.

1 min read
Photo by Julio Lopez via Unsplash

Big Tech

Meta Files Lawsuit Arguing FTC’s In-House Courts are Unconstitutional

Meta on Thursday filed a lawsuit against the Federal Trade Commission arguing its in-house trials are unconstitutional.

2 min read

Regulation

UK Follows EU’s Lead With Its Own Carbon-Tax Plan

(Photo by Pixabay on Pexels)

The UK plans to press ahead with a carbon border adjustment mechanism, or levies on goods from countries with weaker climate regulations.

1 min read

(Photo by Chris Nagahama on Unsplash)

Big Tech

Tech Giants Win Regulatory Case in EU, But Tax Clouds Loom

Meta, Google, and TikTok successfully argued that individual European countries can’t cook up their own laws for large digital platforms.

1 min read
(Photo by Daniel Oberhaus under CC BY 2.0)

Big Tech

FTC Gets Specific in its Amazon Antitrust Case

Amazon, at the behest of its billionaire founder, intentionally packed its search results pages with junk ads, the FTC alleges.

2 min read
(Photo by Gage Skidmore under CC BY-SA 2.0)

Regulation

Betting Startup Sues Feds After Election Markets Plan is Rejected

Financial exchange startup Kalshi has sued the Commodity Futures Trading Commission, arguing that the regulator overstepped its authority.

1 min read

Regulation

Chinese Government Puts a New Leash on its Financial Sector

(Photo by Foreign, Commonwealth & Development Office under CC BY 2.0)

Beijing plans to establish a Central Financial Commission, which will act as a watchdog for the country’s $61 trillion financial sector.

2 min read

(Photo by Christopher Bill on Unsplash)

Banking

UK Abolishes Cap on Bankers’ Bonuses

The UK’s Financial Conduct Authority said Tuesday that it’s ending a cap on bonuses for bankers that’s been in place since 2014.

1 min read
(Photo by Derch on Unsplash)

Regulation

Japan Warms Up to Ride-Hailing

Japan’s strict taxi rules have historically made it impossible for ride-hailing companies like Uber to crack the Land of the Rising Sun.

2 min read
(Photo by Lex Guerra on Unsplash)

Regulation

UK Sets Up Framework to Eventually Ban Cigarettes for All

Prime Minister Rishi Sunak announced on Wednesday that he plans to raise the legal smoking age by one year every year.

1 min read

Healthcare

Pharma Giants Combine Forces to Fight New M&A Rules

(Photo by Towfiqu Barbhuiya on Unsplash)

Some of pharma’s biggest players — including Merck, Amgen, Abbvie, and Gilead — formed an alliance to fight looming M&A reforms.

2 min read

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