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Trade & Procurement
Recent changes
USDA FSIS Public Health Alert for Turkey Pastry Products
The USDA's Food Safety and Inspection Service (FSIS) has issued a public health alert for frozen, ready-to-eat turkey stuffed pastry products due to misbranding and undeclared allergens. The affected products may contain milk, a known allergen, which is not declared on the product labels. Consumers are advised not to consume these products.
TSA Deploys Advanced Technology for Super Bowl Passenger Safety
The TSA announced the deployment of advanced detection-at-range screening technology, including Thruvision's TAC and Qinetiq SPO-NX, for passenger safety at Super Bowl LX events in San Jose, California. This initiative aims to enhance security for attendees by identifying potential threats proactively.
STB Proposes Repealing Regulations to Boost Rail Competition
The Surface Transportation Board (STB) has proposed repealing regulations governing reciprocal switching, through routes, and through rates (49 C.F.R. Part 1144). This action aims to reduce regulatory barriers and promote competition in the freight rail industry by allowing for a case-by-case approach to competitive access prescriptions.
STB Rejects Union Pacific-Norfolk Southern Merger Application as Incomplete
The Surface Transportation Board (STB) has rejected the major merger application filed by Union Pacific and Norfolk Southern due to incompleteness. The application lacked required system impact analyses and the full merger agreement, leading to its rejection without prejudice for refiling.
STB Suspends Operations Due to Government Shutdown
The Surface Transportation Board (STB) has suspended operations due to a lapse in federal appropriations. During the shutdown, the STB will not process filings, issue decisions, or conduct hearings, and all submission deadlines will be tolled.
STB Chairman Updates on Outstanding Proceedings
Surface Transportation Board Chairman Patrick Fuchs provided updates on several outstanding proceedings, including railroad abandonment applications, environmental regulations, and rulemaking petitions. Decisions on these matters are expected in February 2026.
STB Final Environmental Assessment for Mesa Rail Line
The Surface Transportation Board (STB) has issued a Final Environmental Assessment (Final EA) for Union Pacific Railroad Company's proposed new rail line in Mesa, Arizona. This completes the STB's environmental review for the project.
Consob Mourns Passing of Former President Lamberto Cardia
The Italian National Commission for Companies and the Stock Exchange (Consob) has issued a notice expressing its condolences for the passing of former President Lamberto Cardia, who served from 2003 to 2010. The notice highlights his significant contributions to strengthening Consob's role and Italian financial markets.
Medicare Drug Price Negotiation: Manufacturer Participation in Third Cycle
CMS announced that 15 drug manufacturers have chosen to participate in the third cycle of Medicare drug price negotiations. These negotiations, part of the Inflation Reduction Act, will determine prices for selected high-expenditure drugs, with negotiated prices effective beginning in 2028.
CFTC Secures $2.4M Judgment Against Forex Companies for Fraud
The CFTC announced a default judgment against Safety Capital Management Inc. and GNS Capital Inc. for retail forex fraud. The companies were ordered to pay over $2.4 million in restitution and civil monetary penalties.
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