Member News

Member News
06
May
By Thomas Taylor and David Wegman, Trepp
On April 2, 2025, President Trump launched the opening moves in what has become the most encompassing trade war seen in the modern era. Since then, securities markets have reacted to breaking news on this topic with extreme swings. Taken individually or collectively, how will the economic shocks from the developing trade war impact commercial real estate (CRE) and market participants?
Market Shocks & CRE
One of the most immediate effects of policy uncertainty on capital...
06
May
NAL’s SHOUT product line will integrate Iridium’s Enhanced Short Burst Data (ESBD) satellite service to enhance communications security and performance.
MANASSAS, Va., May 5, 2025 — NAL Research, an industry leader in delivering trusted and resilient wireless and APNT solutions, is announcing the integration of Enhanced Short Burst Data (ESBD), leveraging the next generation version of Iridium’s Short Burst Data® (SBD®) service, into its industry-defining SHOUT trackers. The incorporation of this advanced two-way data transmission solution will bolster secure communications for U.S. Department of Defense, federal,...
05
May
April 29, 2025, marked the one hundredth day of President Trump’s second term of office. Set forth below are the key labor and employment policy changes that have occurred thus far.
Diversity, Equity, and Inclusion
Through various executive orders, the Trump administration has upended the diversity, equity, and inclusion (DEI) landscape, both within the federal government and for private-sector employers. These directives are still subject to multiple legal challenges and expected further action from U.S. Attorney General Pam Bondi. As noted in further detail...
05
May
U.S. container imports from China have dropped sharply due to steep tariffs, especially the 145% China-specific rate. Ports like Los Angeles and Long Beach, which heavily rely on Chinese goods, face major volume losses. China’s share in imports such as electronics, plastics, toys, and furniture is high, and no other sourcing countries can match the lost volume. Analysts are warning the decline will hurt local jobs and port economies. Despite signals that large retailers may resume some sourcing from China, policy...
05
May
The first 100 days of the second Trump Administration
In its first 100 days, the second Trump Administration has made substantial strides in reshaping financial regulation around a deregulatory, pro-innovation agenda. While the deregulatory posture is familiar from the Administration’s first term, the current approach reflects a more systematic and coordinated strategy, supported by aligned leadership across the regulatory agencies, a unified Congress and a judiciary increasingly skeptical of agency discretion. Each of these institutions has played a role in...
02
May
By Rachel Szymanski, Chief Economist, Trepp
Significant back-and-forth on tariffs has led to unprecedented trade policy uncertainty and large swings in asset prices. While there is now a 90-day pause on some tariffs, others remain in place. This reprieve offers some relief, but the uncertainty itself has substantial effects on behavior, where market participants may delay economic decisions and take risk mitigation measures.
This blog outlines the ripple effects of uncertainty throughout the economy and the implications for commercial real estate...
02
May
Sixteen EU countries trigger ‘escape clause’ for defence spending
On Wednesday, 30 April, sixteen European Union member states announced their intention to use the ‘national escape clause’ – a special budget flexibility rule- to ramp up defence spending prompted by Russia’s ongoing war in Ukraine and the heightened security threat across Europe, these countries are seeking permission to invest more in their military capabilities without immediately breaching the EU’s strict fiscal guidelines.
On the same day, the European Commission announced that it had already received formal...
02
May
The combined offering will pair VectorNav’s Inertial Navigation Systems with NAL Research’s Iridium STL® satellite receivers, leveraging signals 1,000 times stronger than GPS.
MANASSAS, VA and DALLAS, TX – April 30, 2025 – NAL Research and VectorNav Technologies, two U.S.-based leaders in assured position, navigation, and timing (APNT) solutions, announced today a joint development to produce Iridium® STL (Satellite Time & Location)-aided Inertial Navigation Systems (INS) designed to meet the increasing demand for resilient PNT in GNSS-denied environments. Both companies will...
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