Latest news with #tradeassociations
Bloomberg
4 hours ago
- Business
- Bloomberg
Finance Industry Seeks Overhaul of Global Crypto Rules for Banks
The world's major financial lobbying groups called on regulators to pause the upcoming implementation of tough new standards governing banks' cryptocurrency dealings and revisit measures they argue are needlessly onerous. In a joint letter to the Basel Committee on Banking Supervision, the trade associations said policymakers should 'seek updated information' on the use cases for the distributed ledger technology that underpins digital assets, and weigh 'any appropriate redesign and recalibration' of the standards due to be adopted in 2026.
New York Times
06-08-2025
- Business
- New York Times
Kennedy's Crusade Against Food Safety Rule Threatens Supplement Industry
In his first weeks as health secretary, Robert F. Kennedy Jr. declared war on an obscure regulatory process that many argue has been exploited by the food industry for decades. The pathway allows companies to introduce new ingredients or chemicals into food products without a Food and Drug Administration review, as long as they self-certify them as 'generally recognized as safe,' or GRAS for short. The designation has allowed new chemicals to be viewed as 'innocent until proven guilty,' leading to thousands of ingredients flooding the American food system, Mr. Kennedy said at his confirmation hearing in January. 'It needs to end, and I believe I'm the one person who's able to end it,' he added. In March, Mr. Kennedy directed the Food and Drug Administration to revisit the GRAS rule, describing it as a 'loophole' that needed to be eliminated. Food companies and ultraprocessed snacks may be the target of Mr. Kennedy's ire. But the elimination of GRAS would also be a significant setback for the growing multibillion dollar supplement industry, which has regularly used the pathway to quickly bring new ingredients to market with little oversight. Mr. Kennedy's announcement has rattled the industry, prompting concerned calls from supplement makers and intense lobbying in Washington by the trade associations that represent them. Since March, leaders of four dietary supplement trade associations have met multiple times with F.D.A. officials to lobby the agency on the designation's benefits. Want all of The Times? Subscribe.
Yahoo
08-07-2025
- Business
- Yahoo
Independent labels appeal to EU over Universal's $775mn Downtown deal
More than 200 executives from independent labels and trade associations have written to EU regulators to complain that Universal Music Sign in to access your portfolio
Yahoo
07-07-2025
- Business
- Yahoo
Independent labels appeal to EU over Universal's $775mn Downtown deal
More than 200 executives from independent labels and trade associations have written to EU regulators to complain that Universal Music Sign in to access your portfolio
CTV News
22-05-2025
- Business
- CTV News
Halifax Convention Centre hopes to attract more events amid trade war
The ongoing trade war could result in a bump in business for the Halifax Convention Centre.
