Nearly a month after the U.S. announced new export controls on advanced computing and semiconductor equipment destined to China, lawyers and companies are still grappling with what they say is a complex set of regulations and are awaiting clearer government guidance on how and whether their activities are covered. The dense regulations, along with lengthy response times from the Bureau of Industry and Security, have caused firms to delay decisions on shipments until they can better understand their risks and BIS’s due diligence requirements, trade attorneys and industry officials said in recent interviews.
The 9th U.S. Circuit Court of Appeals decision Oct. 20 remanding to the district court a $925.22 million Telephone Consumer Protection Act judgment against ViSalus to determine if the large sum violated the company’s due process rights (see Ref:2210210069]) showed that “the reasonableness and proportionality of a punitive award are important,” said Venable in an analysis of the decision Wednesday. The court was “clear” that just because an aggregate TCPA award becomes “predominantly punitive does not render it constitutionally unsound,” it said. That the 9th Circuit held that an aggregated TCPA damages award could be unconstitutional “is surprising, to the say the least,” but it seems that such a high damages award “can cause even the typically plaintiff-friendly Ninth Circuit to pause,” it said. “It remains to be seen how much, if at all, the ViSalus award will be reduced, so avoiding such an award continues to be a party’s first priority,” said Venable: “An ounce of TCPA compliance counseling now might just save 925 million pounds of pain later.”
Amazon shares hit a 52-year low at $97.66 Friday after Q4 revenue guidance was below analysts’ projections. Shares closed 6.8% lower at $103.41. The revenue guidance for the holiday quarter is $140 billion-$148 billion, for 2%-8% growth, said Chief Financial Officer Brian Olsavsky on the company’s Thursday earnings call.
Rep. James Comer, R-Ky., is asking why tariffs on aluminum seem to be permanent fixtures at the same time that there's a pause on potential anti-circumvention duties on Southeast Asian solar panels.
The Agricultural Marketing Service is proposing changes to the marketing order on walnuts that include the elimination of mandatory inspection and certification requirements, a new mechanism for collecting assessments, a new authority for collecting late payments and an assessment rate of $0.0125 per in-shell pound of walnuts, it said in a notice in the Oct. 25 Federal Register. The proposed changes would allow the collection of assessments, currently on pause, to resume, the AMS said. Written exceptions are due Nov. 25.
A draft notice of inquiry exploring the future of 13 GHz spectrum is expected to be approved Thursday largely as circulated by Chairwoman Jessica Rosenworcel (see 2210060062). Only CTIA filed comments in 22-352, the docket created for the proceeding. FCC officials said outreach to the commission and discussion of the item among the offices have been minimal, which they said is typical for an NOI.
A draft notice of inquiry exploring the future of 13 GHz spectrum is expected to be approved Thursday largely as circulated by Chairwoman Jessica Rosenworcel (see 2210060062). Only CTIA filed comments in 22-352, the docket created for the proceeding. FCC officials said outreach to the commission and discussion of the item among the offices have been minimal, which they said is typical for an NOI.
Although President Joe Biden criticized the Trump administration tariffs on Chinese imports during his campaign, and although his treasury secretary repeatedly said they contribute to inflation and some of them are harmful, trade lobbyists for UPS and the U.S. Chamber of Commerce said the tariffs are largely here to stay.
The Alliance for Trade Enforcement, a coalition of trade associations and business groups, says the Indo-Pacific Economic Framework for Prosperity needs effective dispute settlement to fulfill its promise for American exporters.
Although President Joe Biden criticized the Trump administration tariffs on Chinese imports during his campaign, and although his treasury secretary repeatedly said they contribute to inflation and some of them are harmful, trade lobbyists for UPS and the U.S. Chamber of Commerce said the tariffs are largely here to stay.