NY’s $7.7B in handouts for film industry come under scrutiny
New York state's $7.7 billion in benefits to its film industry came under scrutiny Wednesday. State lawmakers took note of new analysis showing taxpayers aren't getting the best return. An independent analysis of the film production tax credit conducted by a Philadelphia-based consulting firm found that about $700 million a year in lost revenue is […]
Severn Trent’s profits triple as it fails drinking water risk rules | Water industry
Severn Trent nearly tripled its profits despite the FTSE 100 water company announcing it did not meet drinking water risk standards. The company, which serves 4.7 million customers from Bristol and mid-Wales to the Humber, said it “will be fined this year” over a measure of water quality known as the Compliance Risk Index (CRI). […]
Drug industry treads carefully after stunning RFK Jr. nomination
The selection of Robert F. Kennedy Jr. to lead the Department of Health and Human Services (HHS) shocked the pharmaceutical industry. But many industry insiders and outside lobbyists who spoke to The Hill said they were not prepared to oppose Kennedy outright, at least not yet. Lobbyists said they had expected Mr. Kennedy to have […]
Bottom Line: Cannabis industry calls in Trump transition alum
marijuana ofUS Cannabis Council hired Mercury Public Relations Department to lobby on Issues related to the cannabis industry. The lobbyist for the account is Brian Lanza, who served as communications director for President-elect Trump's first transition team. The cannabis industry is at a pivotal time. In May, the Biden administration officially moved marijuana from a […]
Trump picks oil and gas industry CEO Chris Wright as next energy secretary | Trump administration
Donald Trump said Saturday that Chris Wright, an oil and gas industry executive and staunch defender of fossil fuel use, would be chosen to lead the U.S. Department of Energy. Mr. Wright is the founder and CEO of Liberty Energy, an oilfield services company based in Denver, Colorado. He is expected to support President Trump's […]
Tesco’s £25 champagne beats Moët & Chandon in festive taste test | Food & drink industry
Champagne at prosecco prices? Every little thing helps. Tesco's finest champagne has beaten prestigious French label Moët & Chandon in a festive quaff test. Tesco Finest Premier Cru Brut Champagne received a top score of 82% in a blind taste test carried out by consumer organization Which?. The bubbles, which cost £25 a bottle, were […]
Joe Rogan says many in the entertainment industry had privately ‘thanked me for endorsing Trump’
Podcast host Joe Rogan said a number of unexpected parties privately thanked President-elect Trump for supporting him in the 11th hour leading up to his election victory. In the wake of an election in which Trump won both the electoral college and the popular vote, many are talking about the power of podcasts to sway […]
‘Would move our industry backward’
Unions representing 45,000 East Coast and Gulf Coast longshoremen and groups representing employers held new contract negotiations this week, but both sides said no significant progress had been made on the key issue of automation. announced on Wednesday. Averting a second port strike to disrupt the flow of goods across the country comes as importers […]
Trump takes the wheel: Can he put the US auto industry back in the fast lane?
What's in store for the auto industry once President Trump is in the driver's seat? Many automakers hope the country will be able to change lanes. Under the Biden administration, current regulations require stricter fuel economy and emissions standards by 2030, making this an uncertain road ahead. This year's election is expected to have more […]
‘We need to show what we’re trying to do is worth it’: the new chief executive of the Climate Change Committee | Energy industry
'I It was a risk when they hired me,” smiles Emma Pinchbeck. The chief executive of industry voice Energy UK is hours away from a black-tie awards ceremony in which he will unofficially step down. She will join the government's climate change watchdog, the Committee on Climate Change, in the coming days after serving in […]