Industry News

Bloomberg BNAChanges to Chemical Law Causing Heartburn; Long Road Ahead – Chemical manufacturers are getting heartburn with the ways the Environmental Protection Agency is handling the new chemicals in commerce provisions of the amended chemicals law, according to attorneys who spoke with Bloomberg BNA.

Scientific AmericanChemical Industry Has Bad Reaction to Clinton and Trump – America is set to vote for a new president on 8 November, and the next occupant of 1600 Pennsylvania Avenue will have to be able to address complex issues at the intersection of science and politics. As voting day nears, it is clear that the chemistry of this election is quite different from those of past years.

ForbesWhat PMI And Consumer Sentiment Numbers Will Mean For Chemical Manufacturing – As we round the corner into the final quarter of 2016, speculation abounds as to whether the U.S. economy is heading in the right direction. And with all of the economic uncertainty due to minimal US GDP growth, the impending Presidential election, and lackluster global growth, many CFOs may be grappling with how to most accurately forecast for their organizations for 2017. Chemicals executives are no exception, especially given the confluence of factors that contribute to the health of the chemical manufacturing sector—i.e., the performance of other markets like auto and construction, the trend toward creating sustainable, environmental energy solutions, and the strength of foreign currencies.

Detroit Free PressHow to make trade policies work for all Americans – If there’s one thing that pretty much all economists agree on, it’s that getting rid of trade restrictions is good for the country’s economy, underpinning increased national income, faster growth, increased productivity, more competition and innovation, and lower prices and better quality for the goods that are particularly important in the budgets of families at the lower end of the income scale. I have long been a steady and vocal proponent of this view.

CBS Money WatchAre trade agreements good for the U.S. economy? – The Congressional Budget Office isn’t exactly offering a ringing endorsement of trade agreements like NAFTA. Such pacts have “had relatively small positive effects” on American trade and its economy, according to a report from the federal agency, which analyzes economic and budget issues on behalf of lawmakers. The downside? Workers in industries facing tougher competition can end up out of work, sometimes permanently, CBO notes.

Reuters U.S. oil rigs rise in best quarter in two years -Baker Hughes – U.S. drillers in the third quarter added the most oil rigs of any quarter since 2014, according to a closely followed report on Friday, but the pace of additions has slowed as crude holds below $50 a barrel despite OPEC's first plan in eight years to cut output.

The Washington Post TPP trade deal is dead until a new president revives it, McConnell says – WASHINGTON — The Senate's top Republican said Thursday that the sweeping 12-nation Pacific Rim trade deal championed by President Barack Obama will remain on ice until another president revives it.

Bloomberg BNAU.S. to Support Pacific Rim Pact Eventually, Mexico Says – Mexico hasn't given up hope that the Trans-Pacific Partnership (TPP) could be ratified by the U.S., despite the misgivings expressed by both leading presidential candidates, according to Mexico's top trade official.

West Virginia Metro NewsU.S. Chemical Safety Board: Negligence caused 2014 chemical spill, water emergency – CHARLESTON, W.Va. — The supervisory investigator with the U.S. Chemical Safety Board says he hopes the investigative report into the 2014 chemical spill and water emergency that affected 300,000 residents in parts of nine West Virginia counties provides “some measure of comfort” to residents that they are not at risk from their exposure to the chemical MCHM.

Regulatory FocusFDA Finalizes Guidance on Generic Drug Facility Self-Identification – The US Food and Drug Administration (FDA) on Thursday finalized guidance on information regarding what companies need to self-identify as a producer of generic drugs and what information they must provide to FDA.

Update Date: October 2, 2016

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