Member News, News

OgletreeDeakins | Immigration Impacts During a Government Shutdown

A government shutdown may occur if the U.S. Congress does not pass a continuing resolution by September 30, 2025. The shutdown would impact certain immigration-related services and operations. Below is an overview of the potential impacts as well as some strategies to consider in the event of a government shutdown. Quick Hits A government shutdown may occur if the U.S. Congress does not pass a continuing resolution by September 30, 2025, impacting certain immigration-related services and operations. During a government...

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Member News, News

CLA (CliftonLarsonAllen) | Government Shutdown: What Now for Health Care?

A shutdown impacts the industry in various ways: Medicare and Medicaid continue, but discretionary-funded services face interruptions. October 1, the first day of the 2026 federal fiscal year (FFY), is here — and we are now in a federal government shutdown. Existing FFY 2025 funding expired on September 30, and Congress was unable to pass a funding extension. Typically, that has been done via a “continuing resolution” (CR) or an omnibus funding package. Until there is a funding extension enacted, government...

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Member News, News, Trade & TTIP Related

Jaguar Freight | Update on the U.S. Government Shutdown and the Impact on Supply Chains

The NCBFAA has issued guidance on the impact of the current U.S. government shutdown. At this point, it is believed that most "fee funded" agencies will continue operations, but some will do so with reduced staffing levels. Below is additional information provided by the NCBFAA that has been summarized: Trade is expected to be UNCHANGED, for now. Agencies responsible for assisting Trump with trade and tariff negotiations are largely insulated after funding lapsed overnight, according to contingency plans published hours before Wednesday’s deadline. The...

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Chapter News, News

IMF | Explainer: Five Megatrends Shaping the Rise of Nonbank Finance

Blog post by Jay Surti | Half of all financial assets worldwide are now held and intermediated by companies that are not classified and regulated as banks. The global financial crisis of 2008 froze the financial system. Banks pulled back credit, families tightened their belts and companies laid off workers. It was a frightening time for everyone, and an extremely difficult moment for the financial services industry. Today, the landscape of finance is quite different. Different types of investors and firms...

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Chapter News, News

ECB | Trade wars and central banks: lessons from 2025 – Speech by President Christine Lagarde

Here in Finland, the idea that economics cannot be separated from geopolitics is hardly new. During the early 1990s, as the Soviet Union collapsed, Finland lost more than 10% of its GDP when trade with its eastern neighbour suddenly evaporated. Few countries know better the costs of ignoring geopolitical realities. Today, the rest of Europe is facing a similar reckoning. We find ourselves in a new world – one where policymakers can no longer confine themselves to traditional economic and financial...

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Member News, News

AlixPartners | 2025 U.S. Retail Holiday Outlook: An “Underwhelming” 3%-5% Growth Projected Amid Shifting Consumer Sentiment and Behaviors

AlixPartners, the global consulting firm, released its 2025 U.S. Retail Holiday Outlook, which forecasts an "underwhelming" 3% to 5% growth rate in holiday retail sales this year. This is a notable decrease from last year's 4% growth and 2023’s 6% rate. Additionally, at the low end this is essentially flat with inflation taken into consideration and only up 2% at the high-end. The outlook, based on a comprehensive survey of U.S. consumers, reveals a consumer who is more cautious as...

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Member News, News

Bannockburn Capital Markets | October 2025 Monthly

October brings a convergence of pivotal events on both the economic and geopolitical fronts, shaping a volatile global outlook. From looming tariff battles in Washington and monetary policy decisions in Frankfurt to military posturing in Eastern Europe and high-level political signaling in Beijing, this month may set the tone for the final stretch of 2025 and beyond. At the same time, in a repeat of a unique and macabre political dynamic, the risk of a partial US federal government closure...

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Member News, News

Jaguar Freight | The Weekly Roar – Carriers absorbing port surcharges, the challenges of reshoring, more insights on the use of AI in the industry, European struggles, and the new Federal Maritime Commission Act of 2025

Maersk, the world’s second-largest container line, announced that it will not impose a surcharge on shippers when new U.S. port fees on China-built and operated vessels take effect on October 14. Hapag-Lloyd, CMA CGM, and Evergreen have also stated they’re forgoing surcharges, which may set a trend for other carriers. In the short term, it appears that port fees may not be passed on to importers. Meanwhile, Seaspan plans to relocate from Hong Kong to Singapore and reflag 100 vessels amid ongoing industry...

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Member News, News

Troutman Pepper Locke | AI’s Impact on Patent Examination: A Forward-Looking Perspective

By: John A. Morrissett, Scott Bergeson, Aaron E. Johnston, TROUTMAN PEPPER LOCKE Faster office actions, improved prior art searches, and a more consistent application of the law — these will be hallmarks of the future of patent examination at the U.S. Patent and Trademark Office (USPTO) due to increased use of artificial intelligence (AI). Applicants and patent practitioners are faced with an unprecedented challenge that could significantly change prosecution strategy in the future. While currently aimed at augmenting the tools available to...

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Chapter News, News

The Fed | The Next Frontier of Payments Innovation – Speech by Governor Christopher J. Waller, Member of the Federal Reserve Board of Governors

Thank you for inviting me to speak here today. The theme for Sibos this year, "the next frontiers of global finance" is a fitting one. We are indeed witnessing a new frontier of innovation in payments and the broader financial system. New technologies like distributed ledgers, tokenized assets, smart contracts, and artificial intelligence (AI) have the potential to make payments smarter, faster, and more efficient. I know many of you in the audience today represent firms that are using...

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