Local brokerage fined, ordered to pay more than $530,000 in fines and restitution
The alleged violations occurred when the firm operated as David A. Noyes and Co. It was acquired by Sanctuary Wealth in 2018.
Regulation
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FDA delays decision on e-cigarettes from vaping giant Juul
Thursday’s action is part of a sweeping review by the FDA to bring scientific scrutiny to the multibillion-dollar vaping industry after years of regulatory delays.
Pfizer seeking FDA OK for COVID-19 vaccine booster dose
Last week, U.S. health officials announced plans to give COVID-19 booster shots to all Americans to shore up their protection amid the surging delta variant of the coronavirus.
U.S. automakers pledge huge increase in electric vehicles
Declaring the United States must “move fast” to win the world’s automaking future, President Joe Biden on Thursday announced a commitment from the auto industry to produce electric vehicles for as much as half of nationwide sales by the end of the decade.
White House replaces regulator for mortgage giants after Supreme Court ruling
The White House replaced the regulator who oversees mortgage giants Fannie Mae and Freddie Mac after the Supreme Court ruled that the leadership structure of the Federal Housing Finance Agency was unconstitutional.
Biden elevates energetic critic of Big Tech as top regulator
The selection of legal scholar Lina Khan, 32, to head the Federal Trade Commission is seen as signaling a tough stance toward tech giants Facebook, Google, Amazon and Apple.
FDA approves much-debated Alzheimer’s drug panned by experts
The decision, which could affect millions of older Americans and their families, also has far-reaching implications for the standards used to evaluate experimental therapies, including those that show only incremental benefits.
U.S. cuts Mexico’s aviation safety rating, curbing new flights
The downgrade means that U.S. airlines won’t be able to sell tickets on flights operated by Mexican airlines, a setback that will mainly hit Delta Air Lines, which has a partnership with Aeromexico.
Indiana utility fined record $1.1M for pipeline safety violations
The fine represents the third time since 2017 that NIPSCO has received a substantial fine for similar violations. The money the utility will pay for the fine will go into Indiana’s general fund.
IPL to pay $1.5M fine to settle Petersburg pollution issues
The Indianapolis-based utility said it also will spend $5 million to mitigate what critics say has been harm to the environment caused by the plant’s excess emissions over the years.
Trump looks to scale back environmental reviews for projects
The controversial changes to the National Environmental Policy Act are expected to make it easier to build highways, pipelines, chemical plants and other projects.
EPA rejects tougher air quality standards, says 2015 limits are sufficient
Environmental Protection Agency Administrator Andrew Wheeler said national average ozone concentrations have dropped 25% in recent decades, mainly due to reductions in pollutants that contribute to the formation of smog.
Federal banking agencies ease Volcker Rule restrictions
The announcement of the easing of regulations know as the “Volcker Rule” gave an immediate boost to bank stocks because the rule change could free up billions of dollars in capital in the banking industry.
Utilities face major pushback over pandemic-relief request
More than 2,300 people have complained by email to the Indiana Utility Consumer Counselor, which is on track to become the largest number of complaints for any single case in at least a decade.
IPL gets OK to spend $1.2B on grid upgrade, setting stage for seven years of rate increases
IPL said a typical household customer would likely pay an extra $1.50 a month in the first year. That monthly amount would increase by $1.50 each year, or by a total of $10.50 a month by the seventh year.
Proposed U.S. hemp rules causing high anxiety for industry
Hemp growers and entrepreneurs who were joyous a year ago after U.S. lawmakers reclassified the plant as a legal agricultural crop now are worried their businesses could be crippled if federal policymakers move ahead with draft regulations.
States set to hit Facebook, Google with new antitrust probes
Two bipartisan groups of state attorneys general are launching separate antitrust investigations into Facebook and Google, adding to regulatory scrutiny of two of the world’s largest and most ubiquitous tech companies.
U.S. won’t impose rule to protect against coal ash spill costs
Environmental Protection Agency officials said Tuesday that modern industry practices and recently enacted regulations are sufficient to shield taxpayers from potential cleanup costs.
Duke Energy Indiana customers could see electricity rates climb by 15%
More than 800,000 customers of Duke Energy Indiana could see their monthly bills jump if the utility receives state permission to increase rates for the first time in about 15 years.
Trump orders simpler path for genetically engineered food
The move comes as companies are turning to newer genetic engineering techniques that make it easier to tinker with the traits of plants and animals.