industry groups

German lawmakers passed a bill to increase mandatory drug discounts from 7% to 15.5% to address a health insurance budget gap, which industry groups argue could deter investment and reduce access to new medicines. U.S. drug developers are adopting secrecy to prevent Chinese biotech firms from using their data to create competing drugs and accelerate clinical trials.

Prime Minister Anthony Albanese announced 'generous' capital gains tax exemptions for Australia's 2.7 million small businesses, startups, and testamentary trusts after facing criticism over Labor’s tax reforms. The changes aim to address backlash against shifting from a flat 50% CGT discount model to an inflation-linked approach, which industry groups labeled a 'tax on growth'.

UK crypto advocates are challenging banks over restrictions on exchange transfers, claiming 40% of crypto transactions in the UK are blocked or restricted. Industry groups are pushing to reduce these limitations to foster adoption.

A federal judge in Brazil suspended a $102 billion power auction one day before final sign-off. Industry groups claimed price caps were raised just days before bidding, leading to inflated costs.

California Gov. Gavin Newsom signed an executive order directing state agencies to collaborate with industry groups, academics, and organized labor to assess and mitigate AI's impact on workers. The move aligns with his populist approach to AI policy and potential 2028 presidential campaign.