Regulatory

Welcome back to The Station, your weekly guide to everything going on in the world of transportation. Many readers of this weekly newsletter are likely enjoying a three-day weekend thanks to the Memorial Day holiday. So, this week I will keep it a wee bit shorter. Before we get started, check out the latest transportation Q&A, this time with Convoy co-founder and CEO Dan Lewis. He predicts digital freight will go mainstream within the year. Why? Lewis said: “The industry is going to contract differently. Brokers…

It’s been a bumpy road for the electric vehicle startups that rushed to go public over the past two years by merging with a publicly traded shell company. Now, the SEC’s broadest attempt to crackdown on these so-called reverse mergers could put a few speed bumps on the road to becoming — and maintaining — a SPAC. The U.S. Securities and Exchange Commission will conclude Tuesday a 60-day public comment period on a number of proposed guidelines for SPACs, specifically around disclosures, marketing practices and…

Financial Times: Sources: the Broadcom-VMware deal happened within two weeks; Broadcom CEO had switched his focus to software amid regulatory headwinds for semiconductor deals — Hock Tan and Michael Dell agreed industry-defining deal, codenamed ‘Project Atlas,’ within two weeks Financial Times: Sources: the Broadcom-VMware deal happened within two weeks; Broadcom CEO had switched his focus to software amid regulatory headwinds for semiconductor deals — Hock Tan and…

U.S. Democratic Senator Joe Manchin, who on occasions votes against his party in the evenly split Senate, said on Tuesday he intends to support Michael Barr for Federal Reserve vice chair for supervision. Read More U.S. Democratic Senator Joe Manchin, who on occasions votes against his party in the evenly split Senate, said on Tuesday he intends to support Michael Barr for Federal Reserve vice chair for supervision. Read More FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno…

India should stop its "regulatory assault" on Chinese companies, state-backed Chinese newspaper Global Times said, after smartphone maker Xiaomi alleged threats of "physical violence" in Indian investigations.Reuters reported on Saturday that Xiaomi had told a court that its top executives faced threats and coercion during questioning by the Enforcement Directorate investigating illegal remittances. The agency, the Enforcement Directorate, called the allegations "untrue and baseless".Citing the story, the Global Times in…

Binance CEO Changpeng Zhao gave a keynote at a Paris crypto industry event in April 2022 to debut a new accelerator program for so-called "Web3" start-ups.Benjamin Girette | Bloomberg | Getty ImagesBinance has been granted approval from regulators to operate its cryptocurrency exchange in France.The company is now listed as a registered digital asset service provider by the French stock market watchdog AMF, enabling it to offer trading and custody services for bitcoin and other cryptocurrencies.Binance is the largest…

Tesla CEO Elon Musk is taking a 9.2 percent stake in Twitter. Musk purchased approximately 73.5 million shares, according to a regulatory filing Monday. Musk's stake in Twitter is considered a passive investment, which means Musk is a long-term investor that's looking to minimise his buying and selling of the shares.However, Musk has been raising questions about the ability to communicate freely on Twitter, tweeting last month about free speech and the social media platform and industry analysts were skeptical about the…

The telecom department has exempted certain products including mobile user equipment, mobile handsets, and smartwatch from the ambit of its mandatory testing `MTCTE regime', removing a regulatory overlap that existed, an official release said on Saturday.The exemptions on these widely-used products will reduce the compliance burden and will enable the industry to roll out their products faster, it said adding that the move will also reduce import delays."DoT (Telecom Department) in consultation with the Ministry of…