Corporate news, financial markets, and economic trends
Stanford University researchers have found that the real-world life of electric vehicle batteries can be increased by up to 40%, potentially driving down ownership costs and making more appealing to consumers. New evidence suggests that electric vehicle batteries can last up to 40% longer than initially assumed. In a paper published on December 9, 2024,…
The U.S. Blue Economy will continue to grow thanks to four critical business accelerators announced today by the Biden-Harris Administration. These programs aim to promote the development of ocean-based renewable energy, sustainable fisheries, and marine energy. A comprehensive plan to build the growing “Blue Economy,” which employs and supports sustainable development along America’s coastlines, has…
Stay abreast of key legislative and regulatory changes affecting the derivatives market this week. Keep up to date with global reforms in the CFTC, ESMA, and Asia-Pacific authorities. The global derivatives market saw major developments this week as legislative and regulatory changes reshaped the trading landscape. Key updates from major financial hubs such as the…
Discover the Financial Stability Oversight Council’s 2024 Annual Report highlighting risks in digital assets, rising interest rates, and global market dependencies. Explore the insights and policy recommendations to safeguard the U.S. financial system. In its recently released 2024 Annual Report, the Financial Stability Oversight Council (FSOC) identified key risks and challenges facing the U.S. financial…
The U.S. Treasury and IRS issued final regulations under Section 48 of the tax code relating to the Investment Tax Credit, further clarifying eligibility and strengthening support for clean energy investments in renewable technologies. As a bold effort to boost clean energy investment, the United States Treasury Department and Internal Revenue Service have made the…
The Australian Prudential Regulation Authority (APRA) is soliciting stakeholder feedback on proposed amendments to ARS 110.0, guidelines for capital adequacy reporting by financial institutions. The Australian Prudential Regulation Authority (APRA) has invited public consultation on major changes to its reporting framework for capital adequacy under ARS 110.0. The proposed amendments aim to enhance the transparency…
In a historic collaboration, multiple federal agencies released a comprehensive statement on elder financial exploitation to strengthen protections for vulnerable seniors and curb financial abuse. As a joint statement by federal agencies on efforts to tackle increasing elder financial exploitation, the need for stronger protections for older Americans is called upon. This joint statement issued…
Northrop Grumman has activated its Arctic satellite communication constellation, strengthening defense and communications for the U.S. Space Force and Norway. The new milestone fortifies Arctic security. Northrop Grumman successfully launches its advanced Arctic satellite communications constellation, marking a significant step toward expanding strategic communication capabilities for both the U.S. Space Force and Norway. The constellation…
The ABPI welcomed the recent Innovation Ecosystem Programme Review, which signalled a significant step in further strengthening the UK health innovation landscape and improving the accessibility of breakthrough treatments to patients. The Association of the British Pharmaceutical Industry (ABPI) has welcomed the new review into the Innovation Ecosystem Programme, which represents an essential step in…
The Hawaii Department of Health updated the rules covering hemp processing and manufactured hemp products in a bid to enhance safety and compliance with the hemp industry. The Hawaii Department of Health has enacted significant rule updates dealing with hemp processing and manufactured hemp products. These updates are effective immediately, aiming to make the regulatory…
