Feb 10, 2017

Top Wall Street lobbyist sees little hope for Dodd-Frank rollback

Financial Services Roundtable chief Tim Pawlenty told the Wall Street Journal Friday that he doesn't expect major changes to financial regulation, given the ability of Democrats to filibuster most changes.

Instead he is focusing on executive appointments to key regulatory positions like "second- and third-tier political appointees" at the Treasury and Labor Departments, and the head of the SEC. This mirrors what Trump economic advisor Gary Cohn put forward when announcing the administration's intent to reform the regulatory apparatus. "Personnel is policy," Cohn said.

The CFPB exception: The Journal reports that House Republicans have removed language from their latest reform proposal that would have changed the CFPB to a five-person bipartisan commission rather than a bureau headed by a single, powerful director. Pawlenty sees this change as a move that allows the bipartisan commission idea to be presented as a compromise to attract conservative Democrats.

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Experimental coronavirus vaccine to be tested on humans

Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases. Photo: Win McNamee/Getty Images

The vaccine that the National Institute of Allergy and Infectious Diseases (NIAID) and drugmaker Moderna have been developing to combat the coronavirus is ready to be tested on humans, NIAID director Anthony Fauci told the Wall Street Journal.

The state of play: The rapidly developed vaccine will be tested on 20–25 healthy volunteers in April to determine whether two doses will be safe and generate an immune response to protect against infection. Results will be available in July or August, Fauci told WSJ.

#MeToo gets Weinstein

A man carries out Weinstein's walker. Photo: Johannes Eisele/AFP/Getty Images

Hollywood titan Harvey Weinstein is now a convicted rapist, two years and four months after accusations against him helped ignite the #MeToo movement.

Why it matters: To date, #MeToo has resulted in hundreds of powerful men losing their jobs. Seven have been criminally convicted, with four others still facing charges.