Daily LInks
1. How the U.S. government is regulating AI. The Senate Task Force on AI, established in 2019, has passed at least 15 bills into law that focus on research and risk assessment. But when compared with measures passed by the EU in 2024, the U.S. regulatory environment appears to be relatively relaxed. – Read More on CNBC
2. How Express went from being a top apparel retailer to on the brink of bankruptcy. Companies like Express are dealing with mounting pressure from e-commerce giants, many of whom are international companies but are stepping up marketing in the U.S. – Read More on Modern Retail
3. Spanish Beauty Group Puig Targets $15B Valuation in IPO. At $15 billion, Puig would be worth more than some beauty heavyweights such as Coty or Shiseido. But it would remain a relatively small player compared to industry giants such as Estée Lauder. – Read More on the WSJ
4. Europe stands firm against US-driven ESG backlash. Steady investor demand in Europe for environmental and socially responsible investments and wide-ranging regulation are helping Europe’s finance industry withstand political pressures that have pushed some U.S. peers to backtrack on their green agendas. – Read More on Reuters
5. Founder of Eponymous Luxury Fashion Empire Cavalli Dies at Age of 83. Italian designer Roberto Cavalli, known for his slinky leopard-print dresses and other flamboyant garments, has died at aged 83. – Read More on Bloomberg
