ICI Applauds Executive Order To Increase Access to Private Markets for Everyday Americans
'ICI supports giving Americans the opportunity to access private markets through fund vehicles in their retirement plan accounts just as millions of Americans already benefit from private market investments through institutional pension funds. Retirement savers are the ultimate long-term investors and would benefit from the diversification offered by the inclusion of private assets. We look forward to working with the White House, Congress, the SEC, and the Department of Labor as they work to expand access to everyday investors.'
Contact: media@ici.org
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Star
7 hours ago
- The Star
90-day extension of US-China tariff truce is likely, US commerce secretary says
A 90-day extension of a US-China tariff truce is likely, US Commerce Secretary Howard Lutnick said on Thursday, the most concrete signal from the US side about moving the deadline since bilateral talks concluded in Stockholm last week. 'I think we're going to leave that to the trade team and to the president to make those decisions, but it feels like likely that they're going to come to an agreement and extend that for another 90 days,' he said on Fox News when asked if the truce, which is set to expire on Tuesday, would be extended. Lutnick made similar comments last week while the talks were under way July 28 and 29, noting that a 90-day extension was a likely outcome of negotiations. But after the talks, only the Chinese side declared a consensus on extending the pause on tariff increases. US Trade Representative Jamieson Greer said in a CBS interview last Friday that the two sides were 'working towards' an extension. The commerce secretary spoke hours after US President Donald Trump's sweeping worldwide tariffs came into effect on Thursday, imposing at least 10 per cent on imports from about 90 countries, after multiple rounds of delays since they were first announced in April. Since April, the US has gradually increased tariffs on Chinese imports to as much as 145 per cent. In retaliation, Beijing imposed tariffs of up to 125 per cent and introduced export controls on strategic raw materials. In May, both sides agreed in Geneva to a 90-day suspension of new tariffs. A second round of talks followed in June in London, where an understanding to ease export controls on US semiconductors and Chinese rare earth minerals was struck, before the most recent round in Stockholm. Still, much appears in flux. On Wednesday Trump floated the idea that China could be subject to punitive tariffs for purchasing Russian oil, hours after he imposed 25 per cent tariffs on India for doing so. White House trade adviser Peter Navarro suggested on the same day that such action was unlikely because the higher duties might hurt the US. On Thursday, Lutnick also elaborated on Trump's Wednesday announcement that companies that manufacture semiconductors within the US would be exempt from 100 per cent tariffs on the chips they import, emphasising the role of an auditor in the process. 'If you commit to build in America during his term, and if you file it with the Commerce Department, and if your auditor oversees you building it all the way through, then he will allow you to import your chips while you're building without a tariff,' Lutnick said on Fox. Lutnick's remarks came as Trump continues his pressure on the semiconductor industry, posting on Truth Social on Thursday that Lip-Bu Tan, the chief of California-based Intel, should resign due to being 'highly conflicted'. Earlier in the week, US Senator Tom Cotton, Republican of Arkansas, sent a letter to the chair of Intel's board contending that Tan's ties to Chinese companies could pose a national security threat. - SOUTH CHINA MORNING POST
The Sun
10 hours ago
- The Sun
Moscow warns of 'titanic efforts' to disrupt Putin-Trump meeting
MOSCOW: Certain countries will make 'titanic efforts' to disrupt the meeting U.S. President Donald Trump announced on Friday with Russian President Vladimir Putin for August 15, Russia's investment envoy Kirill Dmitriev said on Saturday. Trump had said earlier that Russia and Ukraine were close to a ceasefire deal that could resolve the three-and-a-half-year conflict. The contents of the deal have yet to be announced, but it could require Ukraine to surrender significant territory - an outcome many European nations oppose. Dmitriev accused unnamed countries of seeking to prolong the war. 'Undoubtedly, a number of countries interested in continuing the conflict will make titanic efforts to disrupt the planned meeting between President Putin and President Trump,' he said in a post in his Telegram account, specifying that by efforts he meant 'provocations and disinformation'. Dmitriev did not specify which countries he was referring to or what kind of 'provocations' they might undertake. The Kremlin earlier confirmed the summit. The two leaders will 'focus on discussing options for achieving a long-term peaceful resolution to the Ukrainian crisis,' Putin aide Yuri Ushakov said, adding: 'This will evidently be a challenging process, but we will engage in it actively and energetically.' - REUTERS
Malaysian Reserve
10 hours ago
- Malaysian Reserve
DDB Technology Redefines Innovation by Transforming Business Models, Not Just Products
NEW YORK, Aug. 9, 2025 /PRNewswire/ — At a time when the term 'innovation' is often confined to gadgets and features, DDB Technology, LLC is shifting the conversation. The New York–based firm, named Private Equity Company of the Year – United States by the Innovation & Excellence Awards in 2023 and again this year, is leading a new wave of innovation—one that begins at the business model level. Founded by Denise Drace-Brownell, JD, MPH, DDB Technology stands apart in its belief that innovation is not just about developing new technologies, but about restructuring how value is created, captured, and scaled. This philosophy underpins the company's work across its three core focus areas: technology, med-tech, and intellectual property commercialization. 'What I discovered over the course of my career is that we rarely think of business models themselves as vehicles for innovation,' said Drace-Brownell. 'That's a blind spot—because in today's world, the real competitive edge is often not in what you build, but in how you bring it to market, fund it, and sustain it. That's where we shine.' Drace-Brownell's multidisciplinary background—in law, marketing, science, and private equity—has shaped DDB Technology's distinctive approach. The company is best known for helping founders retain equity by unlocking the latent commercial value in their innovation, before they seek external funding. In doing so, DDB helps avoid premature dilution and gives innovators greater strategic control over their ventures. Pioneering Steps by DDB Technology The company pioneers advanced lens optics and specialised eyewear to improve visual performance amid rising digital screen use. These innovations address growing public health challenges like Digital Eye Strain and BV Disorder, conditions that significantly impact productivity and wellbeing. The company's engineering advances extend into AR/VR, industrial equipment, and digital interface design. In the climate sector, DDB Technology offers AI-powered environmental risk management solutions for well-capitalised B2B clients. Specifically, helping them identify vulnerabilities, mitigate risks, and convert climate challenges into competitive advantages – including supply chain differentiation and innovation leadership. In intellectual property, the firm empowers organisations to unlock hidden value in their intangible assets through its patented IP Pro platform; this enables clients to assess, prioritise, and capitalise on innovation to maximise revenue, financing, and long-term market share. This cross-domain innovation is supported by a flexible, equity-minded operating model. DDB Technology builds strategic partnerships while maintaining a lean in-house structure based out of Rockefeller Center, where even the office design reflects the company's ethos. Creative use of multi-functional spaces—including rooftop gardens for meetings—mirrors the company's core belief in unlocking untapped value from overlooked assets. This approach caught the attention of the judging panel at the 2023 and 2025 Innovation & Excellence Awards, who commended the firm's 'unrivalled expertise in markets and capital' and its ability to 'help business leaders uncover the real value of their organizations.' Drace-Brownell sees this award not as a capstone, but as a call to deepen the company's mission: 'Our clients come to us with powerful ideas, many of which have been overlooked or underleveraged. We help them turn those ideas into fully formed strategies—combining technical innovation with market positioning and structural ownership advantages.' In a competitive landscape where innovation is often reduced to buzzwords or app updates, DDB Technology is restoring depth and purpose to the term. The firm believes that the most transformative innovations are those that empower individuals and organizations to think differently about the systems they operate in—whether that's reimagining the optics industry, designing climate-resilient business models, or helping founders retain what they've built. For companies and creators looking for a partner in real innovation—not just execution—DDB Technology is redefining what's possible. About DDB Technology Founded in 2000, DDB Technology, LLC is a New York–based alternative private equity and innovation strategy firm focused on unlocking untapped value in overlooked markets. Specializing in technology, med-tech, and intellectual property strategy, the firm helps clients rethink how innovation is structured, funded, and delivered to the world. Photo – View original content:
