Member News

Ogletree Deakins | Beltway Buzz – Labor and Employment News from Washington D.C.

Congress on Spring Break …What’s on Deck? The U.S. Congress remains out on spring break this week and is scheduled to return to Washington, D.C., the week beginning April 8, 2024. With 2024 funding for the federal government wrapped up, upon its return, Congress will turn its attention to the myriad items that have stacked up on its to-do list. This includes authorizing funds to rebuild Baltimore’s Francis Scott Key Bridge and provide military aid to Ukraine. Additionally, Congress will...

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Chapter News

Biden-Harris Administration Announces Preliminary Terms with TSMC, Expanded Investment from Company to Bring World’s Most Advanced Leading-Edge Technology to the U.S.

With Up to $6.6 Billion in Proposed CHIPS Direct Funding, TSMC Announces 2 Nanometer Technology at Second Fab and a New Third Fab to Produce 2 Nanometer or More Advanced Chips. Proposed CHIPS Investment in Arizona Would Support AI, High-Performance Computing, 5G/6G Communications, and More Applications. On April 8th, the Biden-Harris Administration announced that the U.S. Department of Commerce and TSMC Arizona Corporation (TSMC Arizona), a subsidiary of Taiwan Semiconductor Manufacturing Company Limited (TSMC), have signed a non-binding preliminary memorandum...

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Member News

Jaguar Freight | The weekly Roar – Top Shipping News

In this week’s Roar: Stagnant ocean rates, air demand staying strong, the Port of Baltimore closure, a new reality for the Port of Hong Kong, and the importance of data quality. Despite the worsening conditions on the Red Sea, spot rates aren’t rising. Geopolitical tensions have increased, with Russian warships entering the area and the continuing attacks on commercial vessels in the region by the Houthis. Shipping lines still have enough capacity to reroute around Africa, which is holding spot...

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Chapter News

IMF | Fast-Growing $2 Trillion Private Credit Market Warrants Closer Watch

Blog post by Charles Cohen, Caio Ferreira, Fabio Natalucci, Nobuyasu Sugimoto |  The private credit market, in which specialized non-bank financial institutions such as investment funds lend to corporate borrowers, topped $2.1 trillion globally last year in assets and committed capital. About three-quarters of this was in the United States, where its market share is nearing that of syndicated loans and high-yield bonds. This market emerged about three decades ago as a financing source for companies too large or risky for commercial banks...

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Member News

CLA | EPA Announces $20 Billion in Clean Energy Grants to Selected Nonprofits

The U.S. Environmental Protection Agency announced its selection for $20 billion in grant awards under two competitions within the historic $27 billion Greenhouse Gas Reduction Fund (GGRF), which was created under the Inflation Reduction Act. The EPA chose three nonprofits under the National Clean Investment Fund and five nonprofits under the Clean Communities Investment Accelerator to create a national clean financing network. Agreement to prioritize climate goals Collectively, the nonprofits have committed to help make significant impact toward the Biden-Harris administration’s climate goals. The eight...

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Member News, Uncategorized

Quebec Government Prioritizes Health & Education in its Budget

In the Québec Budget Plan published in late March 2024, the government is prioritizing funding for health and education services. It is strengthening its support for Quebecers and communities, and acting on economic priorities while taking steps to optimize government action. It is presenting a fair and transparent portrait of the state of public finances and reiterating its firm commitment to restoring fiscal balance after deposits in the Generations Fund. A plan will be tabled when Budget 2025-2026 is released,...

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Member News

Wilson Sonsini | SEC Pauses Climate Disclosure Rules Amid Legal Challenges

On April 4, 2024, the U.S. Securities and Exchange Commission (SEC) issued an order (the Order) implementing a stay of its final climate-related disclosure rules1 adopted on March 6, 2024 (the Final Rules). For more information on the Final Rules, please see our previous client alert. Following adoption of the Final Rules, several legal challenges emerged asserting, in most cases, that the Final Rules were too far reaching and, in other cases, did not reach far enough. The legal challenges to the Final Rules...

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Member News

Troutman Pepper | Exploring Challenges and Opportunities Within the EV Infrastructure Sector With Kerri Stewart (podcast)

In this month's episode of the TAG Infrastructure Talks, host Alan Poole sits down with Kerri Stewart, chief strategy officer of Miller Electric, to discuss the challenges and opportunities in the electronic vehicle (EV) charging infrastructure sector. They cover charger compatibility and availability, the impact of aging infrastructure, and initiatives aimed at addressing these problems. This episode also highlights available funding to enhance EV charging infrastructure, and the competition between private companies and utilities in this market.   You can listen to...

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Member News

Bennett Jones | Fintech in Canada Q1 2024

As we highlighted in our last quarterly Fintech update in 2023, a new regulatory framework under the Retail Payments Activities Act (RPAA) will soon affect all retail payment service providers (PSPs) doing business in Canada. PSPs will be able to register with the Bank of Canada from November 1 to 15, 2024, with compliance obligations to take effect in 2025. The Bank of Canada recently released draft supervisory guidelines to help PSPs understand those compliance obligations (copies of which can be found on the Bank of...

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Member News

Bannockburn Global Forex | US Employment Data to Set Dollar’s Course

The focus is squarely on the US employment report. At the risk of oversimplifying, given the position adjustment in the past 48 hours, a solid report can see the greenback recover, while a disappointing report will likely see it deepen the correction of the rally that began with the February jobs report. The dollar recovered in the North American afternoon yesterday and many observers attributed it to the bevy of Fed comments. Yet, the interest rate market saw little...

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