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California cannot ban the importation and sale of crocodile and alligator products, a federal judge has ruled, in a victory for the state of Louisiana, which challenged the ban along with businesses in multiple states.

Federal law controls trade in those products and preempts California from barring trade in them, Chief U.S. District Judge Kimberly Mueller in Sacramento, California, wrote in a ruling dated Tuesday.

Mueller had already blocked enforcement of the law while lawsuits challenging it played out in her court. Plaintiffs included businesses based in California, Louisiana, Texas, Florida, Montana and Wyoming.

The California ban had covered products made from alligators and two species of crocodile — Nile and Saltwater. All can be sold legally under international treaty and U.S. federal law.

Mueller rejected arguments that California was only seeking to regulate activity within the state. ‘California is not regulating crocodile takings with its borders,’ she wrote. ‘Nothing in the record suggests crocodiles reside in California, migrate into California or have been introduced into California.’

According to the court record, the Nile crocodile is listed as threatened and some species of saltwater crocodile are threatened or endangered.

The American alligator is no longer threatened or endangered — there are now an estimated 2.9 million in Louisiana in the wild or on farms — but it’s treated as threatened because alligator products can be difficult to tell apart from products made from endangered crocodiles.

Louisiana argued in filing the suit that the economy surrounding alligators has played a key role in bringing back the American alligator population and is an important factor in protecting wetlands and other species besides alligators that depend on the wetlands.

Louisiana said that because most of the state’s coastal habitat is privately owned, the state does not have direct control over how it is managed. But the alligator industry provides economic incentives for landowners to take steps to protect marshlands that serve as habitat for the alligators.

Conservationists noted those similarities in arguing to keep the California ban, saying that products from threatened and non-threatened species are so nearly identical that traffickers can easily disguise illegal products.

But Mueller, nominated to the bench by President Barack Obama in 2010, said federal law and regulations spelling out how and when skins and other products from the animals can be imported, exported and sold cannot be preempted by California.

Louisiana Attorney General Jeff Landry said Mueller’s ruling helps preserve the state’s successful alligator conservation efforts.

State officials have long held that careful wildlife management, together with alligator farming, have led to a recovery of the state’s alligator population from fewer than 100,000 five decades ago. The state Department of Wildlife and Fisheries estimates the value of alligators harvested in the wild or farm-raised at $245 million annually.

‘The alligator trade has directly led to the resurgence and conservation of the American alligator as well the protection and maintenance of their natural wetland habitat,’ Landry said in a news release Wednesday. ‘California’s ban would have completely disrupted the entire supply chain – not only decimating the industry and our wetland protection programs, but also removing over $100 million from Louisiana’s annual economy.’

An attorney for California did not immediately respond to an emailed request for comment.

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Republican Oklahoma Senator Markwayne Mullin let loose on Teamsters president Sean O’Brien during a heated Senate Health, Education, Labor and Pensions Committee hearing on Wednesday as the two clashed over O’Brien’s salary compared to that of his union members.

The minutes long confrontation began with Mullin, who owns and operates a plumbing business, declaring he was ‘not against unions,’ but also pointing to the intimidation he said he and his employees received from unions when they started being awarded jobs that typically went to union workers.

‘They would show up at my house. They’d be leaning up against my trucks. I’m not afraid of a physical confrontation, in fact sometimes I look forward to it. That’s not my problem. But when you’re doing that to my employees?’ Mullin said. 

‘For what? Because we were paying higher wages? Because we had better benefits, and [weren’t] requiring them to pay your guys’ absorbent salaries?’ he added, before asking O’Brien what he made as a salary.

O’Brien began to answer, but Mullin continued, saying he made $193,000 a year in 2019 while stating the average driver makes $35,000 a year. ‘And what do you bring to the table?’ he then asked O’Brien.

‘That’s inaccurate. State facts. That’s inaccurate,’ O’Brien responded as the two began to talk over each other.

Mullin repeated his statistic on salaries and said, ‘If you don’t know your facts, then maybe you shouldn’t be in your position.’ He then restated his earlier question to O’Brien, asking what he brought to the table for his large salary.

‘What job have you created – one job – other than sucking the paycheck out of somebody else?’ he asked.

‘You’re out of line man,’ O’Brien responded as committee Chair Sen. Bernie Sanders, I-Vt., attempted to stop the back and forth and provide space for O’Brien to respond to Mullin.

The two ignored Sanders and continued talking over each other, appearing to grow increasingly frustrated, before Mullin said, ‘Sir, you need to shut your mouth because you don’t know what you’re talking about.’

‘You’re going to tell me to shut my mouth?’ O’Brien responded, before mocking Mullin’s opening statement in which he said he wasn’t ‘afraid’ of a physical altercation.

Sanders eventually quieted the two and made Mullin provide O’Brien time to speak.

O’Brien, however, continued digging at Mullin, saying, ‘As far as my salary goes – my salary, if you follow me around – I actually looked at this building. I bet you I work more hours than you do. Twice as many hours.’

‘That’s impossible,’ Mullin responded, to which O’Brien said, ‘That’s true.’

‘Sir, you don’t even know what hard work is,’ Mullin said. 

O’Brien went on to claim ‘most’ tractor trailer drivers make over $100,000 a year before the two continued sparring over each other’s salaries and taking personal digs at each other.

After the hearing, Mullin continued to slam O’Brien in a statement to Fox News Digital, also ripping Sanders for not addressing what he called O’Brien’s ‘lack of decorum’ at the hearing.

‘The behavior we saw today was typical of how union bosses, many of whom have never created a single job, use intimidation tactics to pressure employees into joining unions which some workers may deem to be against their interests,’ Mullin said. ‘I find it unacceptable that Chairman Bernie Sanders did nothing to address the lack of decorum from the witness panel.’

‘As a business owner, I’ve seen firsthand how unions have tried to intimidate employees who receive better pay and benefits than unionized workers. Union bosses conveniently ignore the fact that defending the rights of all workers means defending those who do not want to join a union. If union bosses, like those we saw today, reject common sense measures like private ballots and right-to-work, I have a major problem with that,’ he said.

‘This should be simple: American workers and their families should have the freedom to decide what to do with their hard-earned income. As the Senator from Oklahoma, a booming right-to-work state, I will always support workers’ free ability to choose for themselves whether or not to join a union,’ he added.

Fox News Digital reached out to the Teamsters for comment but did not immediately receive a response.

Watch the full video of the altercation here.

This post appeared first on FOX NEWS

The House on Wednesday rejected a resolution from Rep. Matt Gaetz, R-Fla., requiring the U.S. to remove the roughly 900 service members stationed in Syria that some say are beating back terrorists that could threaten the U.S. homeland if left unchecked, but others warn have become mired in Syria’s civil war.

The resolution failed in a 103-321 vote that split both parties. Republicans opposed it in a 47-171 vote, and Democrats rejected it 56-150.

Similar to debates in past years, critics of the decision to place a small force in Syria say that force is there without any authorization from Congress. Officially, they are justified under the 2001 Authorization for Use of Military Force (AUMF) that was used to authorize action against those who perpetrated the 9/11 attacks, but Gaetz and others said Congress needs a more current authority to send troops abroad than one that was passed more than 20 years ago.

They also argued more plainly that the U.S. needs to stop acting as a global police force, and that it should remove itself from a civil war in Syria regardless of warnings that Syria could play a determining role in the strength of ISIS and other terrorist groups.

‘I do not believe that what stands between a caliphate and not a caliphate are the 900 Americans who have been sent to this hellscape with no definition of victory, with no clear objective and purely existing as a vestige to the regime change failed foreign policies of multiple former presidents,’ Gaetz said.

Others argued that most Americans don’t see a military presence in Syria as a priority.

‘No one in my district ever demands, ‘Marjorie, we must go to war in Syria,’’ said Rep. Marjorie Taylor Greene, R-Ga.

Most other lawmakers on both sides opposed the resolution and say that while they agree Congress should update the AUMF so it can better apply to the situation in Syria, it would be a mistake to quickly require U.S. troops to leave.

‘None of us want our soldiers overseas and in harm’s way any longer than is absolutely necessary,’ said House Foreign Affairs Committee Chairman Mike McCaul, R-Texas. ‘If we withdraw our troops from Syria now, we could see a resurgence of ISIS or another legal successor in short time.’

‘This measure forces a premature end to our mission at a critical time for our efforts,’ said Rep. Gregory Meeks, D-N.Y., the top Democrat on McCaul’s committee.

These opponents argued that the 2001 AUMF does provide a valid legal justification for the presence of troops in Syria, and that both President Trump and President Obama used that authority to put troops into operation there.

Gaetz introduced his resolution last month, shortly after U.S. Central Command confirmed that four U.S. service members were injured in Syria during a joint operation with Syrian Democratic Forces to kill ISIS leader Hamza al-Homsi.

That admission prompted Gaetz to argue that only Congress has the power to declare war and that Congress has never authorized the use of U.S. troops in Syria.

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The Senate voted 81-14 on Wednesday to block the Washington, D.C. city council’s dramatic overhaul of its criminal code that Republicans and many Democrats complained would ease criminal penalties in a city that is already suffering from rising crime rates.

In the final vote, only 14 Democrats voted against the resolution aimed at reversing the D.C. law, which was originally the product of the House’s new Republican majority. Senate Majority Leader Chuck Schumer, D-N.Y. and most other Democrats voted to kill the D.C. crime law.

Once the resolution is signed by the president, as is expected, it will mark the first time Congress has acted to roll back DC’s own self-imposed regulations in more than 30 years, a power Congress has under the Constitution.

Republicans said Democrats, including President Biden, were forced to accept the resolution because the reality of soaring crime in the nation’s capital can’t be ignored.

‘We’re the greatest superpower nation history. This is our capital city. But local politicians have let the streets become a danger and an embarrassment,’ Senate Minority Leader Mitch McConnell said before the vote on Wednesday.

The vote followed a few weeks of frustration for Biden’s allies, as the White House sent conflicting messages on the resolution.

Last month, after Biden indicated he opposed the resolution that would gut the D.C. law, just 31 House Democrats joined the Republican majority to pass it. Reports suggested that many Democrats who voted against it felt like Biden left them high and dry when he reversed course and said he would not veto it if it came to his desk.

‘The White House put out a formal statement opposing us,’ McConnell said of the White House reversal. ‘The vast majority of House Democrats voted against us, but then President Biden had an epiphany, he reversed himself. The public pressure was so great, the president now says he wants to sign the same Republican bill that he’d previously announced he opposed.’

Sen. Ben Cardin, D-Md., told reporters after Biden’s about-face last week that he was ‘disappointed’ in the president’s decision.

‘First of all, I hope the Senate would not pass it, but I think it’s pretty clear they will. And to me, the Congress should not substitute its judgment for the elected representatives of the people in the District of Columbia. I wouldn’t want them to do that for Baltimore, I don’t want them to do that for any of our other local jurisdictions,’ Cardin said at the time.

The proposed DC law would have lowered the maximum penalties for crimes such as carjackings and robberies, while raising them for murders. Nearly all misdemeanor cases would also include the right to a jury trial.

The Senate forged ahead with the vote even after DC Council Chairman Phil Mendelson said he would scrap the new law and tried to withdraw it from congressional review earlier this week. Mayor Muriel Bowser opposed the bill and vetoed it – though the council overrode her veto.

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House leadership from both parties is demanding answers about the ‘significant data breach’ of DC Health Link resulting in personal information like Social Security numbers of House members and their staff being sold on the ‘dark web.’ 

House Speaker Kevin McCarthy and House Minority Leader Hakeem Jeffries wrote to DC Health Benefit Exchange Authority Executive Director Mila Kofman Wednesday, seeking more information on the data breach of DC Health Link, a health insurance marketplace used by hundreds of congressional offices.

‘At this moment, the cause, size and scope of the data breach affecting DC Health Link could not be determined by the FBI,’ the letter states.

‘Thousands of House Members and employees from across the United States have enrolled in health insurance through DC Health Link for themselves and their families since 2014. The size and scope of impacted House customers could be extraordinary.’ 

The letter notes that the breach of data includes personal identifiable information (PII), like Social Security numbers. 

‘The Federal Bureau of Investigation (FBI) also informed us that they were able to purchase this PII, along with other enrollee information on the ‘dark web’ breached from your systems, including names of spouses, dependent children, their Social Security numbers, and home addresses,’ the letter states. 

‘This breach significantly increases the risk that Members, staff, and their families will experience identity theft, financial crimes, and physical threats — already an ongoing concern.’ 

The letter notes that, ‘fortunately, the individuals selling the information appear unaware of the high-level sensitivity of the confidential information in their possession, and its relation to the Members of Congress.

‘This will certainly change as media reports more widely publicize the breach.’ 

The House Chief Administrative Office emailed House staffers and members Wednesday informing them of the breach ‘exposing the Personal Identifiable Information (PII) of thousands of enrollees.’ 

In the email, the CAO gives information to members and staff about how to freeze their credit. 

‘We are deeply concerned about DC Health Link’s data breach and the impact on our members and staff. We will continue to communicate any updates we receive from law enforcement to impacted members and staff,’ a CAO spokesperson told Fox News Digital.

Senate staffers also received a similar memo from their ‘Senate Operations Center’ regarding a breach.

This post appeared first on FOX NEWS

Whether employed in a financial institution, or learning the ropes on your own, women in finance, all over the world, face similar challenges. We conclude our conversations with women in finance with three who followed different paths but confronted similar bottlenecks. Let’s find out how Jane Gallina (Airplane Jane), Rashmi Bhatnagar, CMT, and Marnie Owen, CFA, CMT, CFTe, CAIA, were able to accomplish big milestones in the financial space while balancing careers, taking care of family, and overcoming societal barriers. We’ll start with Jane.

Jane, we’re curious. Why Airplane Jane?

In 1996 I acquired my pilot’s license, and when I first joined Twitter in 2015, I wanted a handle that would be easy to remember. That’s how the Airplane Jane handle was born. 

So, how did you get interested in the financial market?

I started learning about the market at the breakfast table with my dad. We’d read the Wall Street Journal every morning. I was curious so I would ask questions like what’s PE, what’s 52 high. Then later, after college, in 2000 I worked at Smith Barney as a registered sales assistant when paper trade tickets were still around. It was the dot com bubble that led to a voluntary layoff and took me away from the market. Fast forward to 2014 and my first pregnancy as a new immigrant to Canada, I received my second layoff of life. This time I ventured back to the market in February 2015 with a six month old baby. 

Who or what would you say was the biggest influence when learning to trade?

The biggest influence would be mentors who are successful and transparent about their struggles and journeys. I started with Tim Sykes and then I tried Ross Cameron’s room where I discovered low float stocks were not for me, yet I liked the price action of Large Cap stocks. 

What do you like most about trading? What do you like least about it?

The best aspect about being a day trader is the flexibility of schedule, and the ability to work anywhere there is internet. I’d have to say the aspect I like the least is the manipulation of the market.

A recent Ellevest survey found that 36% of women invest in the markets vs. 63% of men. Why, in your view, are women reluctant to invest?  

I think women might not see themselves as investors because the movies always portray the men of Wall Street. 

How would you encourage women to invest more? 

The easiest way to encourage women is to remind them in managing a household you already use risk management. In budgeting, you use risk management, which is one of the most important aspects of trading. I would also encourage them to read my book, Trust Transition Trade.

What challenges did you face being a woman in a male-dominated space? 

The biggest challenge was in being vocal on social media. Many men would try to attack my success. 

Market engagement is important for anyone interested in the markets. What investment opportunities are you seeing in the markets today? 

At this time. I am looking at United States Natural Gas fund (UNG) after finding a bottom. I’m also looking at silver and gold stocks. Yamana gold (AUY) is being bought out by PAAS, Coeur Mining (CDE) is seeing a lot of volume. I’m looking to see if support will hold. Also with the looming debt ceiling to be voted on, I’m looking to own physical metals such as silver and gold. 

Thanks so much for speaking with us, Jane.

CHART 1: DAILY CHART OF UNG. Click on chart for live version. Chart source: StockCharts.com. For illustrative purposes only.

We’ll move to another part of the world where the interest in technical analysis is growing rapidly. What challenges do women face in India? Rashmi Bhatnagar, CMT and Head of Global Equities at All Star Charts India shares her thoughts.

I firmly believe that regularly connecting young women to industry leaders will help showcase a path and encourage women to fill the gender gap in our industry. 

Rashmi, how did you get interested in the stock market?

I began investing in the stock market when I was an undergrad, and my interest in the subject only blossomed. I changed my field from Media to Finance when technical analysis caught my attention. I was intrigued by the subject and knew I wanted to pursue it actively. The dynamic nature of the market meant that every day came with new opportunities (quite literally), which appealed to me.

Why technical analysis?

Technical analysis focuses on price, and that means trying to understand market psychology. Psychology has always interested me and decoding financial data on the basis of psychology opened up different ways to arrive at an answer. I enjoyed the freedom of choosing my toolkit, be it candlesticks, point & figure, or Elliott wave. Reading books by Martin Pring and Edwards & Magee simplified the understanding of technical analysis to the extent that a media student was convinced she wanted to jump into finance.

What do you like most about trading? And what do you like least about it?

My favorite part about trading/investing is the sheer number of opportunities we are exposed to every day. There are very few fields that give you instant feedback on what’s working and what’s not, and a market is a feedback machine. And another aspect is that there’s room for everyone. Since TA is subjective, everyone perceives the same information differently, so more often than not, you only have to get out of your way to succeed.

What I like least is the need for more representation of women in finance. It is a male-dominant industry that needs more women to balance it out. 

What are some of the biggest challenges women in India face when it comes to having careers in finance or personal investing/trading? Curious to know if the gender gap is as wide as it is in the US.

Indian women often lack the support, guidance, and freedom to join a male-dominated industry like finance. Traditionally most women depend on their partners or family for financial advice and are often left out of significant investment decisions. Women account for about 20-25% of the investors in the Indian market (it has increased drastically post-covid) but have a long way to go when investing independently. Women also look for female role models they can look up to, and I hope to be one in whatever way possible. 

What, in your view, can help get women more engaged with the financial markets?

Women need to be encouraged and guided from school and undergrad levels to build the foundation and confidence to create an environment of industry selection devoid of biases. I firmly believe that regularly connecting young women to industry leaders will help showcase a path and encourage women to fill the gender gap in our industry. 

What opportunities are you seeing in the markets today? This can be specific to the Indian markets. 

The Indian market had been leading the global markets and is now range bound. From a sectoral point of view, Nifty CPSE ($CPSE)and Nifty PSE ($CNXPSE) stand out as the areas to focus upon as these indices are currently trading at all-time highs; you don’t need to look at a relative strength chart to identify the presence of it here!

CHART 1: DAILY CHART OF NIFTY CPSE INDEX. Click on chart for live version. Chart source: StockCharts.com. For illustrative purposes only.

From a global perspective, CAC 40 and FTSE 100 have definitely popped up on the monthly charts, making for some interesting finds there. 

Very interesting. Thank you for sharing your thoughts with us Rashmi. Now we’ll switch gears and speak with Marnie Owen, CFA, CMT, CFTe, CAIA who is the Global Head of Technical Analysis at IGM. Marnie went the route of working with financial institutions. Let’s hear about the challenges she faced.

Marnie, what attracted you to the financial markets? 

When I graduated, the most compelling jobs for me were in investment banking or consulting. I knew less about investment banking, and I thought it would be an interesting challenge. I accepted an offer as an investment banking analyst and came to New York.

What attracted you to technical analysis?

One of my first bosses at Merrill Lynch, John “Rocket” Spinello, gave me a copy of John Murphy’s Technical Analysis of the Financial Markets. I thought it was interesting enough, but I had been schooled in fundamental analysis. It wasn’t until I saw technical analysis work in real time and realized I could use it to make money that I became hooked.

Who was your biggest influence or mentor while navigating the markets?

John Spinello and Dominic Marchesano, two traders I worked with at Merrill Lynch, were my early mentors.

Given that the financial space is dominated by males, what were some of the challenges you faced as a woman?

Finding common ground was occasionally a challenge. Also, from time to time, there was someone who’d try to get too friendly or someone who wasn’t friendly at all. Navigating those dynamics got easier with experience.

A recent survey by Ellevest shows that 36% of women invest in the markets vs. 63% of men. In your view, what is it that keeps women from investing in the markets and how can the gender gap be narrowed?

I think some of it comes down to having the time. Women often tend to find themselves responsible for others, and that’s very time consuming.

If someone were to start making a habit of engaging with the markets, where should they start?

There are a lot of great resources out there. Your ChartSchool looks like it would be an excellent place to start. There are also podcasts, videos, books. You just have to take the first step.

Thanks so much, Marnie, and also for the ChartSchool shout-out.

And that’s a wrap! Let’s hope we see more women participate in the financial market. Happy International Women’s Day from all of us at StockCharts.

Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.

Federal Reserve Chairman Jerome Powell told lawmakers Tuesday that policymakers may have to speed up their interest rate hikes to tame high inflation.

With prices continuing to rise at a yearly pace of 6.4%, according to government data, Powell warned that it may take time for Americans to see further relief.

“The process of getting inflation back down to 2% has a long way to go and is likely to be bumpy,” Powell told the Senate Banking Committee, referring to the central bank’s target inflation level.

Federal Reserve Chair Jerome Powell testifies before the Senate Banking Committee on March 7, 2023.Win McNamee / Getty Images

Speaking in the first of his two days of semiannual testimony to Congress on interest-rate policy, Powell said the Fed could again increase the size of its interest rate hikes if it doesn’t see stronger progress on lowering inflation in the months ahead.

After raising rates by at least half a percentage point six times in a row last year, the Fed imposed a smaller, quarter-point increase in its last meeting, in February.

Returning to beefed-up rate hikes could keep consumer-facing interest rates — on everything from mortgages and credit cards to bank deposits — higher for longer.

The Fed has already been raising rates at the fastest clip since the 1980s. But while inflation has come down from a 9.1% peak in June to 6.5% in December, Powell’s remarks Tuesday show signs of worry within the Fed that it may have to ramp up its efforts to notch more improvement.

“If the totality of the data were to indicate that faster tightening is warranted, we would be prepared to increase the pace of rate hikes,” Powell said.

Markets tilted downward in response to his comments, as traders increasingly bet on the Fed increasing rates by 0.50% in its next policy-setting meeting on March 22.

Higher interest rates can discourage consumer spending and business investment, as it becomes more expensive to charge goods and services to a credit card or take out a business loan. 

But higher rates could also risk job losses, as a slowing economy pushes businesses to cut costs by laying off staff. The Fed itself projects the unemployment rate rising. But outside of certain sectors like technology, the job market remains remarkably tight. The national unemployment rate currently stands at a more-than-50-year low.

“We don’t think we need a significant increase in unemployment, and we’re certainly not aiming for one,” Powell told lawmakers Tuesday. “But we do think there will be some softening in labor market conditions to get to 2% inflation.”

Updated readings on the U.S. job market and inflation are expected Friday and next Tuesday, respectively.

This post appeared first on NBC NEWS

The maker of Purely Soothing eyedrops is recalling two lots of the product because they were not sterilized.

As of last week, Phoenix-based Pharmedica USA LLC said it had not received any reports of adverse events or illness related to the recalled product, which is 15% methylsulfonyl methane (MSM).

The product was distributed worldwide. Users of the affected products risk infection and potentially blindness.

The eyedrops are used as an anti-inflammatory designed to assist with symptoms of eye irritation and/or swelling, and is packaged in white, cylindrical bottles. The eyedrops (LOT#: 2203PS01, 1 oz, UPC 7 31034 91379 9; and LOT#: 1808051, ½ oz, UPC 7 31034 91382 9) have eyedropper caps and white lids.

Purely Soothing eye drops.FDA

The announcement follows a recall last month of eyedrops made in India that were linked to an outbreak of drug-resistant infections. One person died and at least five others had permanent vision loss.

Last week, the Food and Drug Administration posted a separate recall announcement from Apotex regarding six lots of prescription eyedrops used to treat a form of glaucoma. The company said it launched the recall after finding cracks in some bottle caps.

There’s no indication the latest recalls are related to those products.

Pharmedica is advising customers to immediately stop using the product and return it to the place of purchase. Wholesalers and retailers should stop distributing and return to Pharmedica USA LLC immediately or confirm that the product has been disposed of, with proper verification.

Consumers with questions regarding this recall can contact Pharmedica USA by phone at +1-623-698-1752 or by email at osm@pharmedicausa.com.

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The Justice Department on Tuesday sued to block JetBlue Airways’ $3.8 billion proposed takeover of budget carrier Spirit Airlines, the Biden administration’s latest attempt to prevent industry consolidation.

Spirit Airlines agreed to sell itself to JetBlue last summer after a long battle for the carrier between JetBlue and Frontier Airlines. New York-based JetBlue’s acquisition of Spirit faced a high hurdle with regulators from the start, and the airline on Monday said it expected DOJ action this week.

JetBlue’s takeover of Spirit would create the fifth-largest airline in the country and also eliminate Florida-based Spirit, with its business model of rock-bottom fares and fees for everything from carry-on baggage to seat assignments.

“JetBlue’s plan would eliminate the unique competition that Spirit provides—and about half of all ultra-low-cost airline seats in the industry—and leave tens of millions of travelers to face higher fares and fewer options,” the Justice Department said in its complaint, filed in a Massachusetts court on Tuesday. “Spirit itself put it simply: ‘A JetBlue acquisition of Spirit will have lasting negative impacts on consumers.’”

At a Tuesday news conference, Attorney General Merrick Garland underscored that the merger would be particularly harmful for “working and middle-class Americans who travel for personal rather than business reasons and must pay their own way.”

The DOJ cited Spirit’s own internal documents that show that when the airline starts flying a route, average fares fall by 17%.

JetBlue has argued the combination would allow it to better compete with large airlines that dominate the U.S. market. The deal would also give JetBlue access to more Airbus jetliners and pilots, which are both in short supply as travel demand remains strong.

JetBlue plans to remodel Spirit’s bright-yellow planes with packed-in seats to JetBlue’s, which include seatback screens and more legroom.

A JetBlue airliner lands past a Spirit Airlines jet on taxi way at Fort Lauderdale Hollywood International Airport on April 25, 2022, in Florida.Joe Cavaretta / South Florida Sun Sentinel via Getty Images file

“JetBlue competes hard against Spirit, and views it as a serious competitive threat. But instead of continuing that competition, JetBlue now proposes an acquisition that Spirit describes as ’a high-cost, high-fare airline buying a low-cost, low-fare airline,” the DOJ said.

New York, Massachusetts and Washington, D.C., also joined the suit.

A JetBlue-Spirit combination would be the first major U.S. airline merger since Alaska Airlines’ takeover of Virgin America in 2016. The Justice Department at the time required Alaska to scale back its code share with American Airlines to clear the deal.

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The Justice Department also sued to block American Airlines’ 2013 merger with US Airways but settled, forcing American to sell dozens of gates and slots at congested airports like Washington Reagan National Airport.

The Biden administration has vowed a hard line against deals it considers to be anti-competitive and has sued to block other mergers, such as Penguin Random House’s failed attempt to buy rival publisher Simon & Schuster. Yet the administration has failed to stop several deals, such as one last year in the sugar industry and UnitedHealth’s merger with Change Healthcare.

The administration has also taken aim at the airline industry after a host of travel disruptions over the past two years, even after carriers received $54 billion in payroll aid to weather the Covid pandemic.

Separately, JetBlue is awaiting a ruling on its Northeast partnership with American Airlines, which the Justice Department sued to undo in 2021.

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School choice legislation passed the Republican-held Arkansas State Legislature on Tuesday afternoon and will head to Gov. Sarah Sanders’ desk for her signature.

Senate Bill 294, also known as ‘Arkansas LEARNS’, passed 26-8, marking the latest win for school choice. Arkansas is the latest of the Republican-led states to follow in the footsteps of Arizona, which became the first state to pass universal education scholarship accounts to all 1.1 million of their K-12 students in 2022. 

‘A HISTORIC WIN for parents, teachers, and students that will set the education model for the nation, I’m ready to sign it into law tomorrow and end the failed status quo,’ Sanders tweeted. ‘Every kid will soon have access to a quality education and path to a good paying job and better life, right here in Arkansas.’

The Arkansas legislation will broaden school choice and includes a plan for the state to adopt universal choice by the 2025-2026 school year. The bill will gradually provide vouchers through ‘Education Freedom Accounts,’ which equal 90% of funding allocated per student to each public school district in the previous year. 

Some groups of students are eligible to receive the voucher for the 2023-2024 school year, including those who have disabilities; are homeless; have a parent who is active-duty in the military; attended an F-rated school in the previous school year; or are entering kindergarten for the first time.

‘This isn’t an us vs. them, red vs. blue, teachers vs. the legislature,’ Republican Sen. Breanne Davis said during the Senate session. ‘This is all of us working together and rooting for the success of our children.’ 

The bill also seeks to eliminate critical race theory from classrooms, will fund 120 new literacy coaches for students, and will increase the base salary for teachers from $36,000 to $50,000 — the fourth-highest for teachers in the U.S.

Arkansas LEARNS also bans instruction on topics about sexually explicit materials, sexual reproduction, sexual intercourse, gender identity and sexual orientation in classrooms before fifth grade. The legislation also requires students to complete 75 community service hours in order to receive their diploma.

The bill now heads to the governor’s desk to be signed into law. 

To hear more about school choice, click here. 

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