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Trepp | Chief Economist’s Weekly Watch: Jobs Data, Beige Book, & Consumer Credit

Last week, core Personal Consumption Expenditure inflation ticked up again, while higher energy costs added pressure to headline inflation. The reading comes in Kevin Warsh's first weeks as Fed chair, with a softer labor market and firm inflation pulling the policy outlook in opposite directions. Here are three things to watch for this week. The Jobs Data The Job Openings and Labor Turnover Survey on Tuesday and the May employment report on Friday give the week's read on a low-hire, low-fire...

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Barquet Stege | Important Immigration Update: New USCIS Policy on Adjustment of Status

USCIS has announced a new policy that may make Adjustment of Status cases more difficult. Adjustment of Status is the process that allows certain individuals already in the United States to apply for a green card without leaving the country for consular processing. Under the new guidance, USCIS is treating Adjustment of Status as an extraordinary discretionary benefit. This means officers may take a closer look at whether an applicant should be allowed to complete the green card process from...

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Foley Hoag | Litigating Trade Secret Claims Focused on Generative AI

AI systems pose distinct challenges for pleading and responding to trade secret misappropriation claims. Their models and code are complex, adaptive, and often opaque. Courts, however, increasingly require plaintiffs to identify secrets with specificity to survive motions to dismiss. Industry participants need to clearly understand where the lines are drawn to avoid, assert, and respond to claims related to AI trade secret theft. AI trade secret allegations have begun to play a role in commercial trade secret disputes. In AlphaSense v....

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RPJ | Neurodivergence in the Workplace: A Growing Reality for Employers

Recently, I spoke to a friend of mine who serves as in-house employment counsel for a research facility. As in-house counsel, attorneys have to weigh overall company interests against human resource (HR) considerations, along with potential legal risks.  However, a shift in the understanding and perception of “neurodiversity” has brought another consideration to the forefront. Like my friend’s employer, HR departments across the country are now being called to evaluate their internal functions to determine whether they are equipped...

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Member News, News, Trade & TTIP Related

Tradewind Finance | Non-Recourse vs Recourse Factoring: What Exporters Need to Know

Exporters selling internationally often face a difficult balance: offering competitive payment terms while protecting their business from non-payment risk. Factoring helps solve the cash flow challenge by advancing funds against unpaid invoices. However, exporters must choose between recourse factoring and non-recourse factoring. Understanding the difference is essential for managing financial risk in global trade. In a recourse factoring arrangement, the exporter remains responsible if the buyer fails to pay the invoice. Here is how it works: The exporter ships goods and issues an invoice. The factor advances...

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Loyens & Loeff | Tax at the Heart of EU Policymaking – Simplification, Digital Taxation and Financing EU Ambitions

While tax may not always sit at the forefront of public EU policymaking debates, developments over the past year point to a clear conclusion: 2026 is shaping up to be a pivotal year for EU tax policy, with implications that extend well beyond technical tax compliance. Ongoing discussions on simplification, the taxation of the digital economy and the financing of EU ambitions place taxation firmly at the intersection of policy design, competitiveness and fiscal stability. For companies operating across the...

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Wilson Sonsini | Draft Guidelines Clarify Which AI Systems Are “High-Risk” Under EU AI Act

The European Commission has published draft guidelines (Draft Guidelines) to clarify the classification of high-risk AI systems under the European Union's Artificial Intelligence Act (EU AI Act). This classification is crucial, as it determines whether an AI system will be subject to the EU AI Act’s most burdensome obligations. The Draft Guidelines provide general principles which inform if an AI system is high-risk, as well as a non-exhaustive list of examples of high-risk AI systems across various sectors. Organizations can provide...

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Member News, News, Trade & TTIP Related

Jaguar Freight | Conspiracy, Crime and Containers

In this week’s Roar: Trans-Pacific rates hold steady, Europe’s negotiation with Iran, truckload rates jump, US indicts four Chinese container makers, and building an ethical beauty supply chain. Data shows Trans-Pacific ocean freight rates have remained mostly flat lately, even as the industry moves into the traditional peak shipping season. While rates on major Asia–U.S. lanes are still up significantly since late February, much of the increase has been driven by capacity being limited by carriers and geopolitics as opposed to market demand....

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PwC | OECD Attempts to Address Global Minimum Tax Compliance Concerns in Advance of Filing and Exchange Deadlines

In brief What happened? On 18 May 2026 the OECD released a ‘common understanding’ of jurisdictions that implemented a QIIR and/or QDMTT for the 2024 reporting fiscal year, aiming to mitigate the impact of potential delays in the availability of fully operational GloBE Information Return (GIR) filing portals or exchange relationships for the Global Minimum Tax. Separately, the OECD/G20 Inclusive Framework on BEPS released agreed administrative guidance on the transitional UTPR safe harbour for certain 52/53-week fiscal year multinational enterprise (MNE)...

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Troutman Pepper Locke | Investing in All of America Act Expands SBIC Leverage, Bonus Incentives, and Investor Base

Key Points The Investing in All of America Act of 2025 (the Act) increases standard debenture Small Business Investment Company (SBIC) base leverage caps to $250 million per fund and $475 million per family of funds. The Act expands SBIC bonus leverage by allowing a dollar-for-dollar exclusion for a broader set of qualifying investments, including rural small businesses, critical technologies, small manufacturers, and low-income areas, up to the lesser of 50% of private capital or $125 million. The Act...

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