EU to add €2 parcel handling fee on November 1
The charge will apply regardless of parcel value and comes on top of a €3 duty introduced in July for shipments worth less than €150.
SEC scrutinizes AI companies' disclosures as bubble concerns grow
Enforcement director David Woodcock said the agency would act when companies fail to provide accurate disclosures of material information.
Artificial intelligence companies' disclosures are under examination by the U.S. Securities and Exchange Commission, enforcement director David Woodcock said in an interview. The scrutiny comes as investors grow concerned about a possible AI bubble that circular deals may have helped fuel.
Woodcock said investors need accurate material information to understand what they are investing in. While the SEC does not seek to impede technological innovation, he said, it must ensure companies adequately disclose potential risks. He said enforcement would be used where those disclosures fall short.
Big Tech shares declined as companies revealed substantial cash consumption for AI expansion. The spending, together with rising interest rates, has prompted questions about whether investment in AI can be sustained.
Woodcock, who took over enforcement in May, also said AI and superintelligence had made large-scale scam production easier and less expensive, putting more people at risk. He urged brokers and other firms to establish procedures that protect retail investors and respond thoughtfully.