Washington vows to tackle AI, as tech titans and critics descend
Lawmakers are anxiously eyeing the AI arms race, driven by the explosion of OpenAI’s chatbot ChatGPT.
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Biden set to propose toughest-ever rules on car pollution to spur EVs
Automakers are cautioning that the trajectory for EVs and emission reductions depends on factors outside their control, including investments in charging infrastructure and critical mineral production.
Parent company of Silicon Valley Bank files for bankruptcy
The filing from SVB Financial Group was widely expected, with much of the company now under the control of banking regulators. The bank was seized last week by the federal government.
FDA announces new definition of what’s ‘healthy’
The proposed rule would align the definition of the “healthy” claim with current nutrition science, the updated Nutrition Facts label and the current Dietary Guidelines for Americans.
EPA to designate ‘forever chemicals’ as hazardous substances
The chemicals can accumulate and persist in the human body for long periods of time, and evidence from animal and human studies indicates that exposure to might lead to cancer or other health problems.
Indianapolis-based tech firm Encamp lands $30M investment
Encamp’s software helps its customers fulfill environmental reporting and compliance issues. The company has attracted $47.2 million in investment since its launch in 2017.
FDA skeptical of benefits from experimental ALS drug
On Wednesday, a panel of FDA advisers will take a non-binding vote on whether the drug warrants approval. The meeting is being closely watched as an indicator of the FDA’s approach to experimental drugs with imperfect data and its ability to withstand outside pressure.
Biden set to sign competition order targeting big business
The sweeping order includes 72 actions and recommendations that the White House says “will lower prices for families, increase wages for workers, and promote innovation and even faster economic growth.”
Regulators liquidate troubled Indianapolis credit union
The financially troubled credit union had been operating under a conservatorship since January. As part of the liquidation, about 500 members and most of their deposits have been transferred to Indianapolis-based Elements Financial Credit Union.
Revamped bill would severely limit government’s ability to restrict business, church operations
As amended, House Bill 1519 would prevent state and local governments from regulating hospital services and the number of people allowed at an event or private business.
Biden’s climate steps could have big impact on energy firms
Many experts agree that Biden’s actions could help the nation achieve ambitious climate goals and enhance the renewable energy sector. Others say they worry more that stricter regulations could hurt companies struggling to recover from the pandemic
Indianapolis credit union placed into conservatorship
The National Credit Union Administration says it took control of operations at Indianapolis’ Newspaper Federal Credit Union because of “unsafe and unsound practices.”
Groups say energy recommendations could slow Indiana’s transition away from coal
A state energy task force is considering a sweeping array of measures that seem to favor existing large-scale utilities, many of which still burn coal, over providers of renewable energy.
IPL to pay $1.5M fine to settle Petersburg pollution issues
The Indianapolis-based utility said it also will spend $5 million to mitigate what critics say has been harm to the environment caused by the plant’s excess emissions over the years.
Plan to ease local taxi regulations heading to City-County Council for vote
The proposal aims to relax several long-standing regulations that put taxi companies at an unfair advantage compared with ride-sharing companies Uber and Lift, which don’t have to comply with the same standards.
Critics: Patent overhaul could hurt startups
When the Senate passed legislation last week overhauling the U.S. patent system, large multinational corporations like Eli Lilly and Co. rejoiced. But small-business advocates cried foul, saying the changes would put innovative startups at a disadvantage.