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CA Lawmakers Approve Potentially Standard-Setting AI Bill The California Legislature passed a bill ( SB 1047 ) that could become the national standard for regulating artificial intelligence. The measure...
CA Lawmakers Pass PBM Legislation California joined a nationwide movement to tighten restrictions on pharmacy benefit managers with the approval of SB 966 days before adjourning its legislative session...
Data privacy, long a focus of state lawmakers across the country, is poised to enter a new space: your brain. Elon Musk has been making headlines for years now with his company Neuralink , which seeks...
Google Agrees to Help Fund Journalism in CA California lawmakers reached a deal with Google that will provide about $250 million in public and private funding for newsrooms across the state over the...
MA Expands Access to Maternal Health Care Massachusetts Gov. Maura Healy (D) signed legislation ( HB 4999 ) expanding access to maternal health services in the state. Among other things, the measure...
Massachusetts’ top appellate court upheld a first-in-the-nation rule holding broker-dealers to the same standard as investment advisers, which had been challenged by brokerage app provider Robinhood LLC. The ruling could support efforts by states like Nevada and New Jersey to promulgate regulations that go beyond U.S. Securities and Exchange Commission rules regarding the broker-dealer industry. (LAW360)
Farmers Insurance said it is letting go of about 2,400 employees, roughly 11% of its workforce. The company, one of the nation’s largest providers of auto, home and small business insurance, said it was streamlining its organizational structure to position itself better for profitability long-term, but the layoffs come pullbacks in Florida’s and California’s homeowners insurance markets in recent months. (INSURANCE JOURNAL)
The U.S. Court of Appeals for the DC Circuit ruled that the U.S. Securities and Exchange Commission erred in refusing to allow cryptocurrency investment firm Grayscale to convert its bitcoin trust into an ETF. The court said: “The Commission failed to adequately explain why it approved the listing of two bitcoin futures ETPs but not Grayscale’s proposed bitcoin ETP.” (CNBC)
—Compiled by SNCJ Managing Editor KOREY CLARK
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