Tag

Business And Policy

All articles tagged with #business and policy

business-and-policy2 hours ago•6 min saved

Virginia Regulators and Governor Demand Sweeping Protections Before Approving $67B Dominion-NextEra Deal

The Virginia State Corporation Commission (SCC) staff has recommended denying the proposed $67 billion merger between Dominion Energy and NextEra Energy unless the companies accept significant new conditions. Simultaneously, Governor Abigail Spanberger filed testimony demanding a six-year freeze on residential electricity rates and a tripling of monthly bill credits. While the SCC staff is open to approval if specific safeguards are met, the governor argues current commitments are insufficient to protect consumers and advance clean energy goals. A final decision on the merger is expected in January.

via WTVR.com|

#abigail-spanberger #business-and-policy #dominion-energy

business-and-policy25 days ago•5 min saved

Bipartisan Lawmakers Introduce 20% Federal Film Tax Credit to Counter Global Incentives

A bipartisan group of U.S. lawmakers introduced the Motion Picture, Television and Entertainment Revitalization Act on September 24, 2026, proposing a 20% federal tax credit for film and TV production labor. The bill, which includes potential bonuses up to 30% for specific conditions, aims to reverse the exodus of production jobs to countries with more generous incentives. Supported by President Trump, major unions, and industry groups, the legislation seeks to make the U.S. competitive globally, with passage targeted for the lame-duck session after the November midterms.

via latimes.com|

#bipartisan-legislation #business-and-policy #federal-film-tax-credit

business-and-policy25 days ago•14 min saved

Bipartisan Lawmakers Introduce Federal Film Incentive to Counter Global Subsidies

A bipartisan group of U.S. lawmakers introduced legislation on September 24, 2026, to establish a 20% federal tax credit for film and television production. The bill, titled the Motion Picture, Television, and Entertainment Revitalization Act, aims to reverse the exodus of production jobs to countries with more generous subsidies. The credit applies to labor costs and can increase to 30% with bonuses for rural areas or disaster zones. It is designed to stack with existing state incentives, potentially making U.S. locations the most competitive globally. The proposal follows a two-year effort by industry unions and the Motion Picture Association, gaining momentum after President Trump endorsed the measure in August 2026. Proponents argue it will create 143,500 jobs and double the industry’s value by 2032, while critics question the cost and necessity of federal subsidies for Hollywood.

via Variety|

#bipartisan-legislation #business-and-policy #federal-film-incentive

business-and-policy1 month ago•3 min saved

California Launches $10M Post-Production Tax Credit to Retain Hollywood Jobs

Governor Gavin Newsom signed Assembly Bill 2319, establishing California’s first standalone tax credit for post-production work. The measure offers a 35% to 50% credit on qualified expenses for editing, sound, and visual effects, regardless of where filming occurs. Funded with an initial $10 million, the program aims to reverse the decline in California’s post-production employment share, which has dropped from 53% to 42% over 13 years. Newsom also signed Senate Bill 186 to improve refundability and exempt independent films from corporate tax credit caps. While supporters view this as a critical step to compete with other states and countries, critics note the funding is one-tenth of the $100 million originally proposed by the bill’s author.

via New York Post|

#business-and-policy #california-film-industry #gavin-newsom

business-and-policy1 month ago•2 min saved

One-Month Hemp Delay Sparks Supply Chain Freeze and Legislative Gridlock

Congress delayed the federal ban on intoxicating hemp-derived products from November 12 to December 11 via a stopgap spending measure. While this provides a brief reprieve, it has triggered a supply chain freeze as distributors refuse to restock inventory. Industry leaders argue the delay is insufficient to prevent business closures, while critics warn it allows unsafe products to remain on shelves. The move creates a narrow window for lawmakers to establish a regulatory framework before the new deadline.

via CNBC|

#business-and-policy #congressional-delay #hemp-industry

business-and-policy1 month ago•3 min saved

Dunlop CEO likens California's new tire mandate to failed high-speed rail project

California’s Energy Commission unanimously approved a first-of-its-kind rule requiring replacement tires to match the low rolling resistance of new car tires by 2033. While the state projects billions in fuel savings and significant emission reductions, tire executives warn of steep price hikes and supply shortages, comparing the untested mandate to the state’s over-budget high-speed rail project.

via New York Post|

#business-and-policy #california-energy-commission #consumer-costs

business-and-policy2 years ago•7 min saved

"Global Stakes in 2024: Democracy's Test in Elections and Economic Challenges"

The DealBook team highlights key themes for 2024, including a potential Trump-Biden election rematch, the role of CEOs and PACs in political funding, skepticism over ESG principles, the rise of private credit and potential defaults, media industry consolidation with possible Paramount sale, labor movement's trajectory, Middle Eastern investment in diverse sectors, antitrust battles led by regulators like Lina Khan, new climate disclosure rules from the SEC, India's pivotal elections, and the impact of AI on workplaces and misinformation. Additionally, the response to the war in Gaza is influencing corporate diversity and inclusion strategies.

via The New York Times|

##ai #antitrust