Activision CEO Kotick ‘will stay’ in unlikely event Microsoft merger fails: sources
Microsoft announced its intention to acquire Activision Blizzard in January 2022. Activision is known for its "Call of Duty," World of Warcraft" and "Candy Crush" video games.
US agencies seek tougher rules, internal probes on stock trading by federal officials
Financial Regulators to strengthen conflict of interest rules to avoid insider trading and restore trust after a WSJ article in October exposed copious corruption.
Small businesses sound the alarm on inflation, energy, supply chain delays: ‘Bleeding money’
Small business owners in West Virginia told House lawmakers Monday they are still reeling from higher prices, federal regulation and continuing supply chain problems.
SEC considers easing climate-disclosure rules after investor pushback
The final version of the SEC rules, expected this year, will likely still mandate some climate disclosures in financial statements, according to the people close to the agency.
Energy Department proposes tighter efficiency standards for gas, electric stoves and ovens
The Department of Energy on Wednesday proposed new energy efficiency regulations for gas and electric stove appliances, saying it's not a ban.
FDA calls on Congress to create new regulations for hemp-derived CBD products
The FDA said Thursday that there are still too many unknowns about the burgeoning market for CBD products to regulate them as either food or supplements.
FDA rejects Lilly’s alzheimer’s drug candidate, seeks more data
Lilly said it would work with the FDA to evaluate the fastest pathway to get its Alzheimer’s drug to market after what it believes was a successful trial.
FTC orders Mastercard to stop blocking competitor debit payments
The Federal Trade Commission has ordered Mastercard to cease business practices it claims are designed to bar vendors from routing payments through third parties.
Keystone oil spill could tighten US Gulf crude stocks
TC Energy's Keystone pipeline shut down after leaking 14,000 barrels of oil in a creek in Kansas. Keystone usually brings 600,000 bpd to US refineries.
House Republicans try to ensure proliferating Biden regulations are not destroying small businesses
House Republicans called on the Biden administration to ensure its historical levels of regulations do not disproportionately impact small businesses.
FDA takes tougher line on fast-tracked drugs
The Food and Drug Administration relies on preliminary data to make the decision, but asks companies to conduct follow-up studies to confirm that the drug works.
How FTX bought its way to become the 'most regulated' crypto exchange
FTX collapsed after a futile bid by Sam Bankman-Fried to raise emergency funds. It came under regulatory oversight through the dozens of licenses it picked up via its many acquisitions.
House lawmakers to probe FTX collapse in December hearing
The House Financial Services Committee will hold hearings on the collapse of cryptocurrency exchange FTX in December, lawmakers announced Wednesday.
Caterpillar fined $145K after worker falls into pot of molten iron and is ‘immediately incinerated,’ OSHA says
Occupational Safety and Health Administration is fining Caterpillar Inc. after one of its workers fell into a pot of molten iron and was "immediately incinerated."
Twitter's pre-Musk data mismanagement could inhibit company profitability for decades
Elon Musk's reimagining of Twitter profitability could be an uphill battle as the Federal Trade Commission is set to continue auditing and probing the social media company.
California’s business exodus soared in 2021, report finds
In 2021, companies pulled their headquarters out of California at twice the rate they did in both 2020 and 2019, and at three times the rate in 2018, according to a new report.
Accounting errors to cost executives their bonuses under SEC rule
The SEC passed a rule required by the Dodd-Frank Act to force public companies whose financial statements contain errors to recoup their executives’ bonuses and other incentive pay.
Biden closes remarks on 'junk' fees: 'I appreciate the frustration of the American people'
President Biden unveiled his administration's newest initiative to target "junk fees" tacked on to consumer goods and services in an announcement at the White House on Wednesday.
Businesses battling out-of-control FTC and wrath of commission head Khan
Radical leftist Federal Trade Commission head Lina Khan is pushing an out-of-control agenda to attack big business and restrict mergers and acquisitions.
Cannabis in US is a ‘$100 billion opportunity,’ Tilray CEO Irwin Simon says
The legalization of marijuana at the federal level will be a $100 billion opportunity extending beyond just recreational and medical use, says Tilray CEO Irwin Simon.