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The Latest Breaking News from Commerce Department

US Retail Sales In January Log Biggest Fall In Almost A Year

Retail sales in the United States slipped more than anticipated last month, retreating after the holiday season and bogged down by auto sales and gas prices, government data showed Thursday.

International Business Times

Commerce Department partners with major VC firms encourage startups to be “responsible” in AI use

The effort, led by General Catalyst, expands an effort to encourage responsible AI that was previously focused on Big Tech firms.

Fortune

Companies Seeking CHIPS Act Subsidies Are Encouraged To Double-Dip

At least a dozen states have beefed up targeted incentives to coincide with handouts from the Commerce Department.

Reason

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The U.S. imports most of its solar panels. A new ruling may make that more expensive

The Commerce Department says solar panel makers in four Southeast Asian countries are evading U.S. duties on Chinese solar components. The finding could raise costs in the United States.

WEKU

Consumers no longer ‘penny-pinching’ as retail sales rose solidly last month

Retail sales rose a better-than-expected 0.7% in July from June, according to the Commerce Department.

Chicago Sun-Times

Officials juggle several US goals as they award CHIPS money - Roll Call

The Commerce Department has assembled a team to allocate the money Congress provided last year to revitalize the US chip industry.

Roll Call

Orders for US business equipment increase for a second month

Orders placed with U.S. factories for business equipment rose in May for a second month, indicating companies continue to make longer-term investments despite high borrowing costs and economic uncertainty.

Tribune News Service

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"No basis in fact": U.S. slams China claim that chipmaker Micron poses national security risk

Chinese agency tells operators of "critical information infrastructure" to stop buying Micron's products.

Axios

Supreme Court to decide major case on federal rule-making power - Roll Call

The Supreme Court will decide a challenge over how courts assess federal rule-making, setting up a major case on executive agency power.

Roll Call

House votes to restore solar panel tariffs paused by Biden

The House voted Friday to reinstate tariffs on solar panel imports from several Southeast Asian countries

The Independent UK

Bipartisan measure to block solar tariff waiver heads to markup - Roll Call

A bipartisan measure would strike down an administration waiver of tariffs on solar energy equipment from four countries in Southeast Asia.

Roll Call

U.S. adds Nicaraguan National Police to export control list, citing human rights

The U.S. Commerce Department on Tuesday added the Nicaraguan National Police to a government export control list after the Biden administration said the police force was engaged in serious human rights abuses in Nicaragua.

Reuters

Companies that get federal subsidies should be required to provide child care

The Biden administration plan to impose a child care requirement on the semiconductor industry is a start.

Chicago Sun-Times

Politicians Use Subsidies To Squeeze Semiconductor Manufacturers

When politicians manipulate industry, the public pays the price.

Reason

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Reuters

Two Canadian firms included in US sanctions list for alleged support to Russia

The United States' list of recently sanctioned entities for alleged support for Russia's war effort in Ukraine includes two Canadian companies, U.S. and Canadian authorities said on Monday.

Salon

Big Brother vs Big Tech

Biden wants more chips; Democrats claim they'll protect your health data. Plus: A drone that kills on its own?

The Independent UK

China accuses US of attacking companies after export curbs

China has accused Washington of improperly attacking Chinese companies after genetics analysis giant BGI Group and 17 others were hit with curbs on access to U.S. technology on security or human rights grounds

Tribune News Service

Billions to spur US semiconductor manufacturing comes with strings attached

WASHINGTON – The Commerce Department is preparing to dole out $39 billion in semiconductor manufacturing incentives, an initiative expected to bring more factories – and jobs – to the U.S.

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Reason

Prison Deaths Spiked by Almost 50 Percent During Early Months of COVID-19 Pandemic

Plus: ACLU urges Congress not to bank TikTok, a backdoor way to subsidize childcare, and more...

The Independent UK

Commerce Dept. issuing aid to build computer chip plants

The Commerce Department is opening the application process for computer chip manufacturers to access $39 billion in government support to build new factories and expand production

Reason

Now the CHIPS Act Is Going To Subsidize Child Care Too

If Congress wants to spend taxpayer money on child care services, it should pass a bill authorizing that.

Axios

Chip makers must provide childcare plan for access to federal funds

The move is a way for the administration to make progress on expanding child care access.

Chicago Sun-Times

Rebecca Blank dies at 67; renowned economist led the University of Wisconsin

Rebecca Blank was president-elect of Northwestern University last year when a cancer diagnosis led her to step down. She was an advisor to three U.S. presidents.

Asharq Al-Awsat

US Adds 6 Chinese Entities Tied to Balloon Program to Blacklist

The Biden administration on Friday added six Chinese entities connected to Beijing's suspected surveillance balloon program to an export blacklist. The new restrictions come after the White House said it would consider broader efforts to "expose and address" China's larger surveillance activities that threaten US national security and allies. The…

Fortune

The White House just came around to Elon Musk's point about Apple's 'secret 30% tax on everything.'

Tech CEOs, like Mark Zuckerberg and Elon Musk, have long grumbled about the 30% cut developers pay to Apple and Google.

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People

Ketanji Brown Jackson

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