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EU approves regulation to reduce CO2 emissions of heavy-duty vehicles

JURIST

Besides maintaining the 2025 emissions reduction target of 15 percent for heavy trucks, the regulation also establishes new targets. The law called for a gradual reduction of the eco-innovation credits available to manufacturers and regular reports detailing progress toward these goals. The regulation proposes various objectives.

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United States: Yet Another Win For Insurers On COVID-19 Business Interruption Claims: The Inns By The Sea California Court Of Appeal Decision - Duane Morris LLP

Mondaq

Selling web users' personal data is big business — with a projected worth of $400 billion by 2025. In industries as diverse as health insurance and automobile manufacturing.

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Canada to ban single-use plastics by December 2023

JURIST

The manufacture and importation of single-use plastics will be banned in December 2022. Further, the Canadian Government “will also prohibit the export of [banned] plastics … by the end of 2025[.]” However, specific case exceptions will be included, including medically-necessary flexible straws.

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CMS Finalizes Guidance on Medicare Part D Manufacturer Discount Program

FDA Law Blog

As part of this change, the Coverage Gap Discount Program (CGDP), a program that has existed since 2011, will sunset on December 31, 2024, and be replaced by the Medicare Part D Manufacturer Discount Program (the “Discount Program”). CMS will send the final manufacturer invoice for discount liabilities accrued by then on April 30, 2028.

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The Process of Buying or Selling a Business: The Corporate Transparency Act

Strictly Business

For those reporting companies established or registered before January 1, 2024, the deadline for the initial BOI report is January 1, 2025. For more information about our services, please visit www.riggsdavie.com or contact our practice group by email at dealteam@riggsdavie.com.

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The Clean Energy Investment Tax Credit (ITC): Direct Pay Claimants’ Race Against Time

ClimateChange-ClimateLaw

In 2025, that reduction in base credit will increase to 15 percent and in 2026, the base credit amount for direct pay claimants that cannot achieve the domestic content requirements will be reduced by 100 percent. If they can’t, they won’t be able to claim the ITC, even though it is notionally available until 2032.

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An Offer You Can’t Refuse: Merck Attacks Medicare Negotiation Program as an Unconstitutional Taking

FDA Law Blog

Recall that CMS will require manufacturers of selected drugs to negotiate a maximum fair price (“MFP”) with the agency according to the following timeline (the dates apply from applicable year 2027 onwards). N/A June 30 The manufacturer must accept the price or counteroffer—with a rationale. CMS may respond to the counteroffer.