-71% p.a.
bt_headshoulder_aapl_returnopt
Introduction to our strategy no description yet Quick Summary Metric Value Return % p.a. -71 Days active 511 …
tickers: FOX
source: CNBC
tickers affected by this
| ticker | polarity | why? |
|---|---|---|
| FOX | positively | The ticker FOX (Fox Corporation) will likely benefit from the Supreme Court’s overturning of the Chevron doctrine because a reduction in federal regulatory power aligns with Fox’s generally pro-business and conservative audience, potentially boosting viewership and advertising revenue as they cover the story favorably. |
our strategies and bots using these tickers
summary
Supreme Court Overturns Chevron Doctrine, Reduces Federal Agency Power
GOP and Business Groups Applaud Decision
The U.S. Chamber of Commerce also supported the ruling. CEO Suzanne Clark called it an “important course correction” that will provide a more predictable regulatory environment. She criticized the previous Chevron rule for allowing inconsistent regulations with each new administration.
Legal and Political Reactions
Jeff Holmstead, a lawyer and former EPA administrator, noted that the ruling will change how agencies make regulations. He pointed out that agencies can no longer start with a regulatory agenda and then find legal justifications for it. Instead, they must begin with clear statutory language. Sen. Tom Cotton, R-Ark., hailed the decision as a victory for constitutional government and the rule of law, emphasizing that bureaucrats are not elected to make these decisions.
Opposition from Democrats and Labor Groups
Democratic leaders condemned the ruling. Senate Majority Leader Chuck Schumer, D-N.Y., accused the Supreme Court of siding with special interests and corporations against the middle class. House Judiciary Committee Ranking Member Jerrold Nadler, D-N.Y., criticized the conservative majority for disregarding precedent to increase their power. Liz Shuler, president of the AFL-CIO, expressed concern over the decision’s impact on worker protection agencies. She called it a significant setback for regulatory enforcement and worker rights.
White House Response
White House Press Secretary Karine Jean-Pierre labeled the ruling “deeply troubling” and announced that President Joe Biden has directed his legal team to review the decision carefully in coordination with the Department of Justice. This ruling marks a pivotal shift in the balance of power between Congress and federal agencies, with wide-reaching implications for future regulatory practices.
