Insights: Policy

Elections, Energy, Financials, Healthcare, Infrastructure, Macro, Tech / Media / Telecom

Election Update

We are within one week of the midterm elections and the outlook for Democrats appears to have marginally improved since our 9/30 update. At this stage, our view is that there’s an 85% probability that Democrats will gain a House majority, with leading handicappers at the Cook Political Report forecasting a 12-22 seat gain, more than the net three...

FDA Drug Reviews for Rare Disease

The FDA released a white paper outlining plans to develop a more tailored and consistent regulatory framework for rare disease drugs and biologics. The initiative seeks to align evidence expectations with what can reasonably be generated for individual diseases and patient populations, increase patient and outside expert involvement, and expand...

Investment in Chinese Biotech

The Treasury Department proposed regulations prohibiting certain U.S. investments in Chinese biotechnology. China separately proposed restrictions on exports of advanced biotechnology. Treasury is accepting comments until 12/7 and must finalize regulations by 3/13/27. Presidents Trump and Xi are expected to meet at the 11/18–11/19 APEC summit...

Financials, Housing

Mortgage/Title Insurance, Credit Reports, Other

The White House is reportedly preparing an Executive Order (EO) on housing affordability that would affect mortgage insurance (MI), title insurance and other mortgage-related costs. Pulte is reportedly pushing for the EO to be signed as early as this week, but other administration officials have expressed reservations, and industry groups have...

Tech / Media / Telecom

State AI Regulation

The eight states’ lawsuits against OpenAI illustrate how states are using longstanding consumer-protection laws alongside newly implemented privacy and online/AI-safety requirements to pursue claims against major AI firms.

Tech / Media / Telecom

AG Lawsuits/OpenAI

Eight states filed separate lawsuits against OpenAI, alleging the company misled consumers about ChatGPT’s safety and exposed users, particularly children, to harm. The coordinated filings came from AZ, AR, ID, IA, KS, MT, NE, and WV.