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Industry Regulation

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WASHINGTON (AP) — Until Bernie Madoff’s scheme came crashing down and the biggest Ponzi scheme in Wall Street’s history came to light, he appeared as a charming wizard with a Midas touch. His investment advisory business attracted a devoted legion of clients, including A-list celebrities, rewarding them with steady returns that defied market fluctuations.

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PORTLAND, Ore. (AP) — Hundreds of farmers who rely on a massive irrigation project that spans the Oregon-California border learned Wednesday they will get a tiny fraction of the water they need amid the worst drought in decades, as federal regulators attempt to balance the needs of agriculture against federally threatened and endangered fish species that are central to the heritage of several tribes.

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SACRAMENTO, Calif. (AP) — Democrats in the California Senate said Wednesday they want to spend the state's projected multibillion-dollar budget surplus on things such as making college debt-free for students, paying for the health care of some older, low-income adults living in the country illegally and partnering with first-time homebuyers in the state’s expensive market.

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WASHINGTON (AP) — Federal Reserve Chair Jerome Powell on Wednesday defended the Fed's increasing scrutiny of the threat that climate change could pose to the health of the nation's banks, after some Republican members of Congress had complained that by doing so the Fed was overstepping its mandate.

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WASHINGTON (AP) — The Senate has approved President Joe Biden’s choice of Gary Gensler to head the Securities and Exchange Commission, signaling an emphasis on investor protection for the Wall Street watchdog agency after a deregulatory stretch during the Trump administration.

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INDIANAPOLIS (AP) — Indiana lawmakers on Wednesday approved a bill that would require doctors to tell women undergoing drug-induced abortions about a scientifically dubious option that the bill's proponents claim could halt an abortion midway through the process.

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MADISON, Wis. (AP) — The Wisconsin Supreme Court on Wednesday ruled that Gov. Tony Evers' administration does not have the authority to issue capacity limits on bars, restaurants and other businesses without the Legislature's approval, a ruling that comes two weeks after the conservative-controlled court struck down the state's mask mandate.

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SACRAMENTO, Calif. (AP) — California on Monday re-opened enrollment for its state health insurance exchange, hoping more people will buy coverage now that the federal government is offering new assistance that could lower monthly premiums by $1,000 or more in some cases.

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MADISON, Wis. (AP) — The Wisconsin Supreme Court heard a pair of far-reaching environmental lawsuits on Monday that could define the limits of factory farming and high-capacity well regulations and determine how far state agencies can go when interpreting state law.

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HONG KONG (AP) — Chinese regulators have ordered Ant Group, a financial affiliate of e-commerce giant Alibaba Group Holding, to become a financial holding company to ease financial oversight amid stepped up scrutiny of technology firms.

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More than a hundred top executives and corporate leaders gathered online this weekend to discuss their response to restrictive voting laws under consideration in several states and already enacted in Georgia, according to a statement from organizers of the meeting.

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