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Legislation Regulations

  • Oct 20- Experimental communications balloons provided by Alphabet Inc in collaboration with AT&T Inc will allow some of the carrier's customers in storm-ravaged Puerto Rico to send texts and access critical information on the internet, Alphabet said on Friday. This month, the U.S. Federal Communications Commission approved Alphabet's application to...

  • Nasdaq-listed shares of the French drug developer plunged 60.5 percent to $19 in extended trading. Plans to submit a marketing application for the patch to the U.S. Food and Drug Administration next year remain unchanged, the company said. Leerink analyst Dae Gon Ha estimated DBV's peak sales, including the peanut and milk allergy patches, of about 1.8 billion...

  • LITTLE ROCK, Ark.— A major agribusiness company sued Arkansas regulators on Friday for banning its version of an herbicide that's drawn complaints from farmers across several states who say the weed killer has drifted onto their crops and caused widespread damage. "The Plant Board's arbitrary approach also has deprived, and if left unchecked will continue to...

  • Oct 20- Drug developer DBV Technologies SA said on Friday its peanut allergy treatment did not meet the main goal in a highly anticipated late-stage study. Plans to submit a marketing application for the patch to the U.S. Food and Drug Administration next year remain unchanged, the French drug developer said. There are currently no U.S. regulator-approved...

  • Oct 20- Wells Fargo& Co is facing fresh regulatory scrutiny in both its consumer and institutional businesses, according to reports in the New York Times and Wall Street Journal on Friday, as the third-largest U.S. bank continues to work through a prolonged scandal over its sales practices. The Office of the Comptroller of the Currency criticized Wells Fargo in a...

  • The move marks a big win for the biofuels industry and lawmakers from corn-states like Iowa, Nebraska and Illinois, while dealing a blow to merchant refiners like PBF Energy Inc and Valero Energy Corp who hoped the administration of President Donald Trump would help provide regulatory relief. Trump's second-place finish in the Iowa caucuses in early 2016...

  • Oct 20- Wells Fargo& Co, the third-largest U.S. bank by assets, has fired four foreign-exchange bankers amid an investigation into that business by both the bank and regulators, the Wall Street Journal reported, citing people familiar with the matter and the bank. The foreign-exchange investigation now shows there is also trouble in Wells Fargo's...

  • WASHINGTON— The head of the Environmental Protection Agency is looking to make peace on biofuels standards with a group of senators from corn-growing states who could upend President Donald Trump's nominees for key regulatory posts. Joni Ernst of Iowa and a half dozen other Republican lawmakers to take specific actions benefiting the biofuels industry.

  • Oct 20- The head of the U.S. Food and Drug Administration said the agency was working with several pharmaceutical and medical device companies in Puerto Rico to prevent shortages of medical products in the United States as it joins a massive effort to help rebuild the island that was ravaged by Hurricane Maria. FDA Commissioner Scott Gottlieb said the agency...

  • Prosecutors at the Federal Trade Commission, 11 states and the District of Columbia have filed 36 lawsuits and other legal actions against companies they say falsely promise debt relief, charging more than $95 million in illegal fees in recent years. But they say the Education Department and its contracted loan servicing companies fail to steer borrowers...

  • The first SEC letter, dated Aug. 10, requested a response from Axon within 10 days. It is common for the SEC to ask questions or request additional information from companies about regulatory filings. On Sept. 20, the SEC sent a final letter to Axon, saying it was terminating the review and would "take further steps as we deem appropriate.

  • Still room for earnings growth in telecoms: Pro

    Edward Park, investment director at Brooks Macdonald, speaks about investing in business sectors including telecoms and financials.

  • BEIJING, Oct 20- China's movie box office revenue is expected to grow in 2017 at more than three times the pace of last year thanks to the success of blockbusters like " Wolf Warrior 2", the media regulator said on Friday. "The rapid development of the film industry has been a big bright spot for China's culture industry," Zhang told a press conference in Beijing.

  • Oct 19- The U.S. Department of Commerce said on Thursday it had begun an investigation into whether imports of Polytetrafluoroethylene resin from India and China were being dumped on the U.S. market. According to the petition filed by Chemors, the estimated alleged dumping margins ranged from 23.4 percent to 408.9 percent for China, and 15.8 to 128.1 percent for...

  • The FCC said in a notice it was removing "outmoded regulations" on telegraphs effective in November to "further our goals of reducing regulatory burdens, eliminating unnecessary rule provisions, and making the agency as efficient and effective as possible." There are close to 1,000 pages of FCC media regulations alone. FCC chairman Ajit Pai said in May he wanted...

  • NEW YORK, Oct 19- Stash, a New York- based startup that lets individuals make micro-investments through a mobile app, will launch free bank accounts aimed at low-income U.S. consumers. The accounts will be insured by the U.S. Federal Deposit Insurance Corp, will have no minimum balance requirements and will be connected to a debit card, Stash said.

  • Democratic Senators Amy Klobuchar and Mark Warner and Republican John McCain introduced the "Honest Ads Act," which would amend existing election law covering television and radio outlets to impose those rules to paid internet and digital advertisements on platforms like Facebook, Twitter Inc and Alphabet Inc's Google. Companion legislation was...

  • Sen. John McCain announces his opposition to the "skinny repeal" of Obamacare, July 27, 2017.

    Sara Fischer, Axios media and advertising reporter, and Andrew Selepak, University of Florida director of the social media masters program, discuss the proposed bill that would regulate political ads.

  • Senators Warner & Klobuchar announce Honest Ads Act

    CNBC's Kayla Tausche reports on Senators Warner (R-a.A) and Klobuchar (D-Minn.) announcing the Honest Ads Act that would update the laws for ads sold online.

  • Henry Blodget: If social media companies don't regulate themselves, you'll see more regulation attempts

    Henry Blodget, Business Insider, discusses the bills in the Senate aimed at regulating social media advertising.