NEW YORK — Contrary to conventional wisdom, the United States Supreme Court's reversal of the four-decade-old 'Chevron deference' doctrine is potentially one of its most anti-business rulings yet. The damage to companies — especially highly innovative firms — could be profound, with serious long-term consequences for the US economy.
NEW YORK — Contrary to conventional wisdom, the United States Supreme Court 's reversal of the four-decade-old 'Chevron deference' doctrine is potentially one of its most anti-business rulings yet. The damage to companies — especially highly innovative firms — could be profound, with serious long-term consequences for the US economy.In essence, the recent decision in Loper Bright Enterprises v.
Under Chevron deference, a federal rule might have been objectionable, but at least it was the same for all economic actors. Now, whenever a court finds a federal rule to be disagreeable, it could trigger a flurry of disparate rulemaking at the state level.Innovation will be the first casualty. Imagine trying to launch a new Food and Drug Administration-approved product in this climate of uncertainty.
Supreme Court Just Sabotaged The US Economy
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trump seeks to set aside New York hush money verdict hours after Supreme Court rulingNEW YORK — Donald Trump's lawyers on Monday asked the New York judge who presided over his hush money trial to set aside his conviction and delay his sentencing, scheduled for next week.
Read more »
The Supreme Court allows emergency abortions in Idaho for now in a limited rulingWASHINGTON (AP) — The Supreme Court cleared the way Thursday for Idaho hospitals to provide emergency abortions, for now, in a procedural ruling that left key questions unanswered and could mean the issue ends up before the conservative-majority court again soon.
Read more »
Supreme Court justices extol 2024 law graduatesDefining the News
Read more »
Supreme Court ruling on Trump immunity looms in what justices call ‘rule for ages’Defining the News
Read more »
US Supreme Court ruling on Trump immunity loomsWASHINGTON, D.C. — The US Supreme Court is expected to rule Monday on the most highly anticipated decision of its term — a ruling 'for the ages' on whether Donald Trump, as a former president, is immune from prosecution.
Read more »
US Supreme Court rules Trump has immunity for official, not private actsLatest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
Read more »