All articles tagged with #regulation
Acting FDA commissioner Kyle Diamantas, a former Jones Day attorney with no public-health or government background, has defied early doubts by earning the trust of FDA career staff and signaling a different leadership approach at Marty Makary’s FDA during a period of upheaval.
Trump urged the CFTC to maintain exclusive federal authority over prediction markets and protect the crypto industry, arguing the U.S. should remain at the top as other countries compete. The call follows a New York Times investigation criticizing the agency, and highlights ongoing federal-vs-state battles over regulation, including Minnesota’s ban on prediction markets and New York AG Letitia James’s suits against crypto firms. Trump also noted family ties to Kalshi and Polymarket, underscoring the political stakes.
MPP leaders say Congress is unlikely to reverse last year's hemp ban before November, leaving a stricter definition of hemp that includes delta-8 and THCA and a 0.4 mg total-THC per container; banning synthetic cannabinoids, the policy threatens many hemp-derived products, potentially forcing shutdowns, bankruptcies, and banking and employment challenges, with some edge tweaks possible but no repeal this Congress.
In 2016, a Jordanian couple seeking to spare their child from Leigh syndrome traveled to Mexico for spindle nuclear transfer, resulting in the first live birth using mitochondrial replacement. The baby, a boy, carries nuclear DNA from the parents and donor mitochondrial DNA, a small contribution intended to prevent the disease. The case demonstrated the procedure’s feasibility but sparked ongoing ethical and regulatory debate, including U.S. bans and a fragmented international landscape governing this form of genetic intervention.
China is cracking down on unauthorized overseas stock trading to curb capital outflows, targeting offshore brokers and unapproved channels after an estimated $1 trillion likely left the country last year, and steering mainland investors toward approved routes like Stock Connect and mutual funds—potentially reshaping how foreigners access Chinese and global markets.
The Daily Beast reports that the Trump family’s wealth is booming through crypto and prediction markets as the CFTC retreats from enforcement; Don Jr. sits on Polymarket and advises Kalshi, Polymarket’s value has surged, and GOP lawmakers are blasting an $1.8B Jan. 6 payouts fund while the White House seeks a multibillion underground bunker budget—highlighting moneyed influence and growing intra‑party division.
A new IDCA report finds data centers now use about 6% of US electricity (67.7 GW globally, 29.2 GW in the US), fueling regulatory pushback, water-use concerns, and debate over the AI boom as smaller centers and ‘zombie’ workloads push demand and policymakers call for transparency.
Federal regulators are closing public comments on a proposed fusion-energy rule, with final regulation expected this fall; the framework treats fusion as different from fission, aiming for a much lighter oversight that could even exempt fusion from NRC jurisdiction while state regulators supervise facilities. Industry leaders say this move is a pivotal step toward commercial fusion in the 2030s–2040s, lowering financial risk even as scientific and engineering hurdles remain.
AI backlash is mounting—with protests, worker strikes, and local resistance to data centers that could slow adoption and raise electricity costs—yet investors are still pouring money into AI companies. SpaceX warns that regulatory or societal restrictions could hinder deploying AI tech, while Morgan Stanley flags job losses and higher power bills as political headwinds and Jefferies notes data-center pushback. Samsung's labor dispute over AI profits shows how worker demands may spill into markets. In short, public resistance could slow long-term adoption and tighten regulation, but for now the AI money machine keeps churning.
Politico reports on a draft executive order for AI oversight that would create voluntary federal reviews of advanced AI models up to 90 days before release, while explicitly avoiding mandatory licensing; it also aims to enforce federal computer-crime laws against AI-enabled wrongdoing. Trump postponed signing amid concerns the plan could slow U.S. AI leadership, and the White House has not announced a new date, though major tech firms have been briefed.
A planned AI and cybersecurity executive order was postponed after a top adviser and several tech leaders pushed back against regulation, with Trump noting he dislikes regulation. The delay fuels uncertainty about future AI rules and signals ongoing internal disagreements within government and industry over how to approach AI safety and oversight.
An Australian court fined X Corp. for breaching online-safety rules, a ruling backed by eSafety Commissioner Julie Inman Grant, underscoring tougher enforcement of platform safety obligations in Australia.
Senators on a Senate Commerce subcommittee signaled interest in federal standards for prediction markets like Kalshi and Polymarket to address risks and consumer protections, despite strong pushback from industry players; the discussions occur as House Republicans explore insider-trading restrictions and other related regulatory steps, signaling potential legislation on prediction markets in the near term.
The White House is drafting an executive order to tighten AI oversight by creating a coalition of federal agencies to scrutinize frontier AI models, using a voluntary 90-day pre-release review, with sections on cybersecurity and model benchmarking; it would require 30 days to secure networks and to expand federal AI use, plus a Treasury-led voluntary industry clearinghouse to patch vulnerabilities, and a 60-day process to define what counts as a frontier model, with NSA/NIST involvement, an OPM push to hire AI talent, and it could land as soon as Thursday amid industry tensions over advanced systems like Mythos.
NextEra Energy’s proposed $67 billion merger with Dominion Energy would create a utility giant to speed AI-era infrastructure and, proponents say, lower bills via a two-year $2.25 billion payout that could shave about $25/month through 2028. Regulators at FERC, NRC, and state commissions in North and South Carolina and Virginia must approve, and Virginia’s political leadership—already wary of rate increases—will closely scrutinize long-term affordability and potential settlements to win clearance.