06 May
Member News

Vulcan View: The latest EU developments April 29 – May 3

Tensions rise between UK and Ireland over immigration Attempts to handle the unprecedented levels of immigration have this week prompted diplomatic tensions between Ireland and the UK. Looming general elections on either side of the Irish Sea means that there has been considerable political jockeying on the issue, which perception polling indicates will be top of mind for voters. Responding to a line of questioning from Clare Independent TD – and MEP candidate for Ireland South ­– Michael McNamara, Minister for...

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06 May
Member News

Jaguar Freight | The Weekly Roar – Top Shipping News

In this week’s Roar: the Key Bridge cleanup, tightening airfreight capacity, port volumes in the U.S., container ship deliveries hit a record, and diesel prices continue to fall. Baltimore is making good progress cleaning up the shipping channel and removing the Dali—the container ship that caused the Key Bridge collapse in March. Officials are hopeful the ship can be removed by May 10. So far, over 3,000 tons of debris have been pulled from the channel, and the next step is...

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06 May
Member News

Bannockburn Global Forex | Yen Slips, Yuan Jumps, Dollar is Mostly Softer

The dollar is mostly a little softer today in thin market conditions, with Tokyo, Seoul, and London closed for holidays. The Japanese yen is the weakest G10 currency, losing about 0.5% and slipping through last Friday's lows. At first, after Fed Chair Powell did not endorse rate hike speculation, the market thought he was dovish. But after the softer than expected jobs data and weakness in the ISM services, the market shifted from doubting one cut to pricing in...

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06 May
Member News

Thompson Hine | Protecting Trade Secrets in the Age of Generative AI

Whether they realize it or not, most companies probably own valuable trade secrets. When one thinks of “trade secrets,” things like the recipe for Coca-Cola or Kentucky Fried Chicken or perhaps Google’s algorithm might come to mind. But trade secrets are broader than these examples and can include things that most companies have, such as customer lists, manufacturing processes, and marketing strategies. PROTECTING TRADE SECRETS What makes a trade secret a trade secret? First and foremost, it must be a secret,...

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06 May
Member News

PwC | Regulations on Clean Vehicle Tax Credits are Finalized

The IRS and Treasury on May 6 published final regulations on tax credits under Section 30D for new clean vehicles and under Section 25E for previously owned clean vehicles. The final regulations apply on various dates that conform to either issuance of the proposed regulations or statutory provisions. Accordingly, the Section 25E final regulations generally apply to tax years ending after October 10, 2023; the Section 30D final regulations generally apply to tax years ending after December 4, 2023; the...

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06 May
Chapter News

ECB | Low for Long? Reasons for the Recent Decline in Productivity

Blog post by Óscar Arce and David Sondermann |  Over the first two decades of the currency union, labour productivity (output per worker) in the euro area has been weak, at least when compared to other advanced economies. While productivity grew annually on average by 0.6 percent from 1999 to 2019, the average pace was more than twice as fast in the United States. Productivity somewhat recovered after the pandemic, but more recently the picture changed for the worse...

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06 May
Chapter News

CHIPS for America Announces $285 million Funding Opportunity for a Digital Twin and Semiconductor CHIPS Manufacturing USA Institute

Today, the Biden-Harris Administration issued a Notice of Funding Opportunity (NOFO) seeking proposals from eligible applicants for activities to establish and operate a CHIPS Manufacturing USA institute focused on digital twins for the semiconductor industry. Digital twins are virtual models that mimic the structure, context, and behavior of a physical counterpart. The CHIPS for America Program anticipates up to approximately $285 million for a first-of-its-kind institute focused on the development, validation, and use of digital twins for semiconductor manufacturing, advanced...

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03 May
Chapter News

IMF | Georgieva: the World Needs a Strong, Cohesive Europe

Keynote Address by Kristalina Georgieva, IMF Managing Director, at the Annual EU Budget Conference 2024. What a pleasure to be here today, surrounded by friends, on a brief stopover between Saudi Arabia and Chile. Whenever I’m in Brussels I feel I’m at home. And home it was for me, for seven years, working at the European Commission. Someone famous may have had seven years in Tibet, I had my seven years in Brussels—including serving as Vice President for Budget and Human Resources...

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03 May
Chapter News

U.S. Department of Commerce Celebrates World Trade Month 2024

On May 1, U.S. Secretary of Commerce Gina Raimondo celebrated World Trade Month by reaffirming the Biden-Harris Administration’s commitment to creating a more sustainable and inclusive economy through international trade. “International trade is essential to our nation’s economic growth and helps Americans build more resilient businesses and communities,” said Secretary Raimondo. “Throughout World Trade Month, the Commerce Department will celebrate and reaffirm the Biden-Harris Administration’s enduring commitment to deepening our economic cooperation with allies, bolstering supply chain resilience, ensuring a...

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02 May
Member News

Wilson Sonsini | Opportunity for Innovative Companies to Shape U.S. Patent and Trademark Office Initiatives

The United States Patent and Trademark Office (USPTO) is requesting public comment on how they can accelerate and incentivize the commercialization of innovative technologies.1 Public comments can be submitted via this link by May 14, 2024. To facilitate input, the USPTO has provided a list of questions that may be addressed in the public comments, including suggestions for how they can help innovators with commercialization through the use of the U.S. intellectual property system. These questions are not limiting, and...

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