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The Securities and Exchange Commission today reopened the comment period for its proposed amendments to modernize the rules governing beneficial ownership reporting, and the staff of the Commission’s Division of Economic and Risk Analysis released a memorandum that provides supplemental data and analysis related to the proposed amendments’ economic effects. The public comment period will remain open until June 27, 2023, or until 30 days after the date of publication of the reopening release in the Federal Register, whichever is later.   Source: https://companiesbio.com/sec-reopens-comment-period-for-proposed-rule-amendments-to-modernize-beneficial-ownership-reporting-CBIO2320.html?utm_source=blogger_source&utm_medium=blogger_medium&utm_campaign=blogger_cam Category: SEC Press Releases Post by: CompaniesBIO.Com

Bud Light may have fumbled its attempt to broaden its customer base by partnering with a transgender influencer. But experts say inclusive marketing is simply good business — and it’s here to stay. “A few years from now, we will look back on this ‘controversy’ with the same embarrassment that we feel when we look back at ‘controversies’ from the past surrounding things like interracial couples in advertising,” said Sarah Reynolds, the chief marketing officer for the human resources platform HiBob, who identifies as queer. On April 1, transgender influencer Dylan Mulvaney posted a video of herself cracking open a Bud Light on her Instagram page. She showed off a can with her face on it that Bud Light sent her — one of many corporate freebies she gets and shares with her millions of followers. But unlike the dress from Rent the Runway or the trip to Denmark from skincare brand Ole Henriksen, Bud Light’s partnership with Mulvaney angered some customers and hurt sales, while the brand’s ...

DETROIT — General Motors plans to end production of its electric Chevrolet Bolt models by the end of this year, CEO Mary Barra told investors Tuesday when discussing the company’s first-quarter earnings. The Chevy Bolt EV and EUV, a larger version of the car, make up the vast majority of the company’s electric vehicle sales to date. However, the battery cells in the cars are an older design and chemistry than the automaker’s newer vehicles such as the GMC Hummer and Cadillac Lyriq, which utilize GM’s Ultium architecture. Barra said a suburban Detroit plant that has produced Bolt models since 2016 will be retooled in preparation for production of electric trucks scheduled for next year. There’s irony in the timing of the Bolt getting axed. It comes amid record production and sales of the vehicle for mass-market consumers, which was GM’s initial goal. The company plans to produce more than 70,000 of the vehicles this year, as it targets to sell more than 400,000 EVs from early 2022 ...

Fox News said Monday it is parting ways with firebrand anchor Tucker Carlson, the network's most popular prime-time host and a leading voice in the modern conservative movement known for his conspiratorial rhetoric and culture-warrior provocations. The network announced the stunning news days after it agreed to pay nearly $800 million to Dominion Voting Systems to avert a high-stakes defamation trial that had cast a shadow over the future of the network. "FOX News Media and Tucker Carlson have agreed to part ways," the company said in a short news release. "Mr. Carlson's last program was Friday April 21st." Carlson's most recent broadcast did not feature any indication that he was preparing to leave the network. "We'll be back on Monday," he said cheerfully at the end of Friday's episode. Fox News did not specify why Carlson is leaving , and a spokeswoman did not immediately respond to an email from NBC News requesting more information ...

The mayor of Boston joined Starbucks workers on a picket line Monday to show her support for unionization efforts at one of the coffee chain' s locations there. Mayor Michelle Wu said she wanted to stand with the workers who are part of a movement to organize unions at Starbucks stores nationwide. “I am here because I want you to know very clearly that the city of Boston stands with you,” Wu said Monday, according to WBZ-TV. “We are going to make sure that Boston continues to lead the way in fighting for safe working conditions and the benefits and wages and respect that you all deserve.” In an open letter July 18 directed at the store manager and the district manager , the striking Boston workers accused Starbucks of slashing work hours and creating a “chaotic and hostile” work environment. They also said a supervisor who helped organize the workers was removed. Wu called the alleged union-busting by Starbucks was “disgraceful.” Starbucks sued over union retaliation claims May 2...

The Securities and Exchange Commission today announced that Eric R. Werner has been named Regional Director of the Fort Worth Regional Office, effective immediately. Mr. Werner is currently the Acting Co-Regional Director and has served as the Associate Regional Director of Enforcement in the Fort Worth office since 2018. He succeeds David L. Peavler, who left the agency in December. "I am pleased that Eric will head the Fort Worth Regional Office," said SEC Chair Gary Gensler. "In this new role, Eric will draw upon his wide range of experience from his more than 25 years with the SEC. I also would like to thank Marshall Gandy for serving as Acting Co-Director and for his continued work with the SEC." "Throughout his remarkable public service career, Eric has proven himself as a skilled investigator, reliable mentor, and effective leader," said Gurbir Grewal, the SEC’s Director of Enforcement. "We are fortunate to have him leading the Fort Worth o...