Continuing labor disruptions at West Coast ports are causing concerns, as peak shipping season begins. Work slowdowns, due ongoing contract negotiations, have particularly affected cargo-processing operations at the two key California major ports of Long Beach and Los Angeles. Dockworkers belonging to the International Longshoremen and Warehouse Union (ILWU) have continued to “disrupt operations” at West Coast…
Disruptions at West Coast Ports Continue Amid Labor Negotiations
SEC Moves to Curb Stock Buybacks, Drawing Criticism From Companies and Investors
The Securities and Exchange Commission (SEC) moved to curtail the use of stock buybacks, drawing much criticism from corporate lobbyists. The regulator on May 3 announced changes to share-repurchase disclosure rules that would increase transparency, competition, and efficiency in the $25 trillion marketplace for hedge fund and private equity fund advisors. The new updates will amend Form…
Diverse Coalition of Groups Backs Infrastructure Permitting Reforms
A diverse coalition of American organizations has signed a letter organized by the U.S. Chamber of Commerce—the leading business lobbying organization in the United States—urging reforms to the infrastructure permitting process. “Today, the single biggest obstacle to building the infrastructure of the future is a broken permitting system,” reads the letter, which was published on…
LIVE NOW: US Chamber of Commerce Discusses American Leadership During Uncertainty
The U.S. Chamber of Commerce holds a discussion on leadership during uncertainty at 9:00 a.m. ET on Feb. 27. The discussion features U.S. Ambassador to China Nicholas Burns, U.S. Ambassador to Israel Thomas Nides, and Under Secretary of State for Political Affairs Ambassador Victoria Nuland. They will share their perspectives on American leadership in an…
US Chamber of Commerce Discusses American Leadership During Uncertainty
The U.S. Chamber of Commerce holds a discussion on leadership during uncertainty at 9:00 a.m. ET on Feb. 27. The discussion features U.S. Ambassador to China Nicholas Burns, U.S. Ambassador to Israel Thomas Nides, and Under Secretary of State for Political Affairs Ambassador Victoria Nuland. They will share their perspectives on American leadership in an…
Industry Group Snares California Law That Could Raise Fast-Food Wages to $22
An industry coalition says it has collected enough signatures to halt a new California law that aims to improve pay and working conditions for fast-food employees across the state, arguing that the legislation would lead to higher food prices and job losses. The Save the Restaurants Coalition said on Nov. 5 it has collected the…
US Chamber Sides With Facebook in Antitrust Appeal
WASHINGTON—The powerful U.S. Chamber of Commerce filed a brief on Monday, urging a D.C. appeals court to reject an appeal by a big group of United States to revive their antitrust lawsuit against Meta Platform’s Facebook. The Chamber, along with the Computer and Communications Industry Association and Business Roundtable, argued that the district court judge…
Supreme Court Could Decide Fate of Monsanto/Bayer RoundUp Cancer Suits
On Dec. 13, the Supreme Court asked the Solicitor General to offer the United States’ views on “Monsanto vs. Hardeman”—the latest move in what could be a landmark case for multibillion-dollar litigation linking the pesticide RoundUp to non-Hodgkin’s lymphoma, if the Supreme Court agrees to review the case. After a call for the views of…
US Chamber Says It Supports Standalone Infrastructure Bill, Rejects Reconciliation
The U.S. Chamber of Commerce supports the Senate-passed infrastructure bill but not the mammoth spending package that some lawmakers and President Joe Biden are trying to tie to the infrastructure legislation. The chamber made clear its view in a statement late on Monday. It said it “fully supports” passage of the $1.2 trillion infrastructure bill,…
Lawmakers Awarded for Bipartisanship in a Highly Divided Congress
WASHINGTON—The U.S. Congress is becoming increasingly polarized and divided, although there are still a number of lawmakers who are willing to work across the aisle “to do what’s right for the country.” The U.S. Chamber of Commerce presented awards on June 17 to members of Congress who it says are committed to “bipartisanship” and “constructive…
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