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3 weeks ago | 
news.bloomberglaw.com | Andrew Ramonas |Isabel Gottlieb
FCC raised concerns about telecom company’s diversity effortsVerizon needs agency assent to acquire Frontier CommunicationsVerizon Communications Inc. is abandoning its workforce diversity goals and a range of diversity, equity, and inclusion practices in response to a request from the FCC, as it seeks to acquire Frontier Communications.
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1 month ago | 
news.bloomberglaw.com | Isabel Gottlieb
Trump tariffs roiling the auto industry are hitting domestic and foreign supply chain middlemen, the cogs providing essential parts that keep production lines flowing. Suppliers already operate on thin margins. If tariffs persist and there’s no help from their customers—which include both automakers and other suppliers—they could face an untenable choice: Breach long-term contracts or go bankrupt, companies and industry groups said.
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1 month ago | 
news.bloomberglaw.com | Andrew Ramonas |Isabel Gottlieb
Citigroup, eBay, Mondelez International, and dozens of other major corporations are warning investors about compliance costs, conflicting rules, and potential legal liabilities as they prepare for a European climate disclosure mandate alongside US requirements. More than 60 corporate giants have voiced concerns about the EU’s Corporate Sustainability Reporting Directive with investors so far this year, according to a Bloomberg Law review of S&P 500 companies’ annual reports.
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1 month ago | 
news.bloomberglaw.com | Isabel Gottlieb
An initial tranche of cases challenging the Trump administration’s widespread tariffs hinge on similar arguments over illegal use of presidential powers. The plaintiffs include California Governor Gavin Newsom, the Blackfeet Nation, a Florida company known as Simplified that makes planners, and another in Vermont that makes women’s cycling apparel.
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1 month ago | 
news.bloomberglaw.com | Isabel Gottlieb |Kaustuv Basu
The EU’s sweeping AI Act went into effect earlier this year, with some of the law’s most important provisions still on the horizon. Corporate leaders shared best practices for setting up teams and procedures to prepare for the EU AI Act, and discussed how a good privacy and data governance program is the most useful foundation for complying with the new law. Their email responses to Bloomberg Law’s questions were edited for clarity. Download our full report on the EU AI Act.
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1 month ago | 
news.bloombergtax.com | Isabel Gottlieb
Regulatory and legal uncertainty has become business’ top worry in the first quarter of this year, according to a survey of corporate risk executives by Gartner. The firm highlighted tariffs, rapidly shifting regulations, heightened geopolitical risks to employees and business operations, and the effect of changes in immigration and employment policy on workforces as potential vulnerabilities for companies.
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1 month ago | 
news.bloomberglaw.com | Isabel Gottlieb
Regulatory and legal uncertainty has become business’ top worry in the first quarter of this year, according to a survey of corporate risk executives by Gartner. The firm highlighted tariffs, rapidly shifting regulations, heightened geopolitical risks to employees and business operations, and the effect of changes in immigration and employment policy on workforces as potential vulnerabilities for companies.
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2 months ago | 
news.bloomberglaw.com | Isabel Gottlieb
The world’s most comprehensive AI regulation went into effect earlier this year in the European Union, affecting corporations in the US and around the world that are using or selling artificial intelligence systems in the EU. The AI Act aims to protect consumers from the technology’s harms by focusing on risk to individuals. Higher-risk uses face more reporting obligations, and require companies to build more safety measures, than lower-risk applications.
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2 months ago | 
news.bloombergtax.com | Isabel Gottlieb
The world’s most comprehensive AI regulation went into effect earlier this year in the European Union, affecting corporations in the US and around the world that are using or selling artificial intelligence systems in the EU. The AI Act aims to protect consumers from the technology’s harms by focusing on risk to individuals. Higher-risk uses face more reporting obligations, and require companies to build more safety measures, than lower-risk applications.
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2 months ago | 
news.bloombergtax.com | Isabel Gottlieb
The Trump administration’s shock-and-awe trade war has stunned America’s corporate boardrooms into a state of paralysis. With investors jolted by a stock rout pushing the S&P 500 to dip into bear market territory, many companies are slowing down production but avoiding major supply chain changes. Companies “are absolutely frozen in place,” said Dan Cannistra, a partner at Crowell & Moring who advises corporations on international trade.
