Latest Industry regulation News

President Donald Trump answers questions from reporters during an event on protecting seniors with diabetes in the Rose Garden White House, Tuesday, May 26, 2020, in Washington. (AP Photo/Evan Vucci)

Trump threatens social media after Twitter fact-checks him

May. 27, 2020 8:29 AM EDT

WASHINGTON (AP) — President Donald Trump on Wednesday threatened social media companies with new regulation or even shuttering a day after Twitter added fact checks to two of his tweets. The president can’t unilaterally regulate or close the companies, which would require action by Congress or the...

A currency trader talks near the screens showing the Korea Composite Stock Price Index (KOSPI), right, and the foreign exchange rates at the foreign exchange dealing room in Seoul, South Korea, Wednesday, May 27, 2020. Major Asian stock markets have declined as US-Chinese tension over Hong Kong competes with optimism about recovery from the coronavirus pandemic. (AP Photo/Lee Jin-man)

Global stocks turn higher on economic stimulus hopes

May. 27, 2020 7:50 AM EDT

Global stock markets turned higher Wednesday as the European Union proposed more economic stimulus, though U.S.-Chinese tensions over Hong Kong kept some investors on edge. European markets rose after the EU commission proposed a new 750 billion-euro ($825 billion) package of financial aid meant to help the...

FILE - In this May 7, 2020, file photo, beer taps of South African Brewery brands are seen through the window of a closed bar in Cape Town, South Africa. A bootlegging culture has sprung up across South Africa in response to the government's nearly 8-week-old ban on the sale of cigarettes and alcohol. (AP Photo/Nardus Engelbrecht, File)

South African bans on tobacco, liquor amid virus stir debate

May. 27, 2020 2:51 AM EDT

JOHANNESBURG (AP) — A soccer mom in one of Cape Town's posh suburbs drops off a cardboard box of blankets to a neighbor. Inside the box are several bottles of red wine. In Johannesburg's Alexandra township, two men in face masks greet each other on a sunny street. One has surreptitiously sold the other a...

A currency trader talks near the screens showing the Korea Composite Stock Price Index (KOSPI), right, and the foreign exchange rates at the foreign exchange dealing room in Seoul, South Korea, Wednesday, May 27, 2020. Major Asian stock markets have declined as US-Chinese tension over Hong Kong competes with optimism about recovery from the coronavirus pandemic. (AP Photo/Lee Jin-man)

Asia stocks mixed on uncertainty over Hong Kong security law

May. 26, 2020 11:48 PM EDT

Major Asian stock markets were mixed Wednesday as U.S.-Chinese tension over Hong Kong competed with optimism about recovery from the coronavirus pandemic. Benchmarks in Shanghai and Hong Kong retreated after the White House said a proposed national security law might jeopardize the Chinese territory's status as a...

Sen. Kelly Loeffler, R-Ga., listens during a virtual Senate Committee for Health, Education, Labor, and Pensions hearing, Tuesday, May 12, 2020 on Capitol Hill in Washington. (Win McNamee/Pool via AP)

US closes probes into 3 senators over their stock trades

May. 26, 2020 8:23 PM EDT

WASHINGTON (AP) — The Justice Department has closed investigations into stock trading by Sens. Dianne Feinstein of California, Kelly Loeffler of Georgia and Jim Inhofe of Oklahoma, according to people familiar with notifications sent to the senators. The senators came under scrutiny for transactions made...

FILE - In this Feb. 13, 2020, file photo, The Official U.S. Government Medicare Handbook for 2020 over pages of a Department of Health and Human Services, Office of the Inspector General report, are shown in Washington. The Trump administration says most people with Medicare will have access to prescription plans next year that limit copays for insulin to a maximum of $35 a month. Tuesday's announcement comes as President Donald Trump returns to the issue of drug prices to woo older people whose votes will be critical to his reelection prospects. (AP Photos/Wayne Partlow, File)

Most Medicare enrollees could get insulin for $35 a month

May. 26, 2020 6:01 PM EDT

WASHINGTON (AP) — Many Medicare recipients could pay less for insulin next year under a deal President Donald Trump announced Tuesday in a pivot to pocketbook issues important in November's election. “I hope the seniors are going to remember it,” Trump said at a Rose Garden ceremony, joined...

In this image from video, acting Health and Human Services acting inspector general Christi Grimm testifies during a remote hearing of the House Oversight Committee, Tuesday, May 26, 2020. (House Television via AP)

Watchdog who found hospital shortages unfazed by Trump barbs

May. 26, 2020 5:01 PM EDT

WASHINGTON (AP) — The author of a federal report that found U.S. hospitals faced severe shortages of coronavirus test supplies says she is not intimidated by criticism from President Donald Trump, even after he moved to replace her as chief watchdog of the Department of Health and Human Services. Christi...

FILE - In this Aug. 13, 2019, file photo, freelance journalist Bryan Carmody attends a panel event held by the Society of Professional Journalists in San Francisco. San Francisco police have agreed to uphold press protections as part of a settlement with a freelance journalist whose home and office were raided by police a year ago in a bid to root out a confidential source. (AP Photo/Juliet Williams, File)

Police to acknowledge press protections after disputed raid

May. 26, 2020 4:50 PM EDT

SAN FRANCISCO (AP) — San Francisco police have acknowledged the need to uphold press protections as part of a settlement with a freelance journalist whose home and office were raided by police a year ago in a bid to root out a confidential source. Police seized the computers, phones and cameras of...

In this May 19, 2020, photo, Senate Majority Leader Mitch McConnell of Ky., speaks with reporters after meeting with Senate Republicans at their weekly luncheon on Capitol Hill in Washington. Congress is at a crossroads in the Covid-19 crisis. Lawmakers are wrestling over whether to “go big” as House Speaker Nancy Pelosi wants for the next relief bill or hit “pause” as McConnell insists. (AP Photo/Patrick Semansky)

McConnell discusses prospects for another round of relief

May. 26, 2020 3:23 PM EDT

Faced with a collapsed job market, Congress needs to tend to unemployment insurance funds supporting millions thrown out of work, but surging debt means there are limits to the scope of federal aid to help heal the coronavirus -damaged economy, the Senate's top leader said Tuesday. In his first public appearances...

Lena Hallengren Minister for Health and Social Affairs, left, and Johan Carlson, Director General for the Swedish Public Health Agency, hold a news conference on Tuesday, May 26, 2020, about restrictions for vulnerable citizens over 70-years old in Stockholm, Sweden, Tuesday May 26, 2020.  (Claudio Bresciani / TT via AP)

Sweden steadfast in strategy as virus toll continues rising

May. 26, 2020 11:15 AM EDT

STOCKHOLM (AP) — Sweden's government defended its response to the COVID-19 global pandemic on Tuesday despite the Scandinavian country now reporting one of the highest mortality rates in the world with 4,125 fatalities, or about 40 deaths per 100,000 people. “Transmission is slowing down, the...