The rise of comapnies like Google and Facebook has raised the profile of privacy issues. Photo: Vincent Isore/IP3/Getty Images

A top business lobby released a set of guidelines that it said could inform the development of new federal privacy rules.

Why it matters: The proposal from the U.S. Chamber of Commerce mark its full entry into the debate over privacy and reflect ideas that are palatable to the business community.

The details:

  • The group thinks federal regulations should supersede state laws, a move that’s become more appealing to industry thanks to California's data privacy bill going into effect in 2020.
  • Their proposal calls for rules to be applied across industries, to tech companies like Google and Facebook, plus competitors including telecom giants.
  • It also calls for Congress to "encourage collaboration as opposed to an adversarial enforcement system.” Companies dislike that the California law lets individuals sue companies over certain privacy violations.

Go deeper

Grand jury indicts former officer who shot Breonna Taylor

A memorial to Breonna Taylor in downtown Louisville, Kentucky on Sept. 23. Photo: Jeff Dean/AFP via Getty Images

A grand jury has indicted Brett Hankison, one of the Louisville police officers who entered Breonna Taylor's home in March and shot her at least eight times, on three counts of wanton endangerment.

The big picture: Taylor's death helped ignite nationwide Black Lives Matter demonstrations this summer, as protesters demanded justice for her, George Floyd and other Black Americans killed by police. The outrage led to Hankison being fired and the passage of a city law that banned no-knock warrants — two rare consequences after police shootings of Black Americans.

FDA chief vows agency will not accept political pressure on coronavirus vaccine

Food and Drug Administration Commissioner Stephen Hahn promised that "science will guide our decision" for a coronavirus vaccine at a Senate hearing on Wednesday.

Why it matters: More Americans are expressing doubt about a first-generation vaccine, despite President Trump's efforts to push an unrealistic timeline that conflicts with medical experts in his administration.

CEO confidence rises for the first time in over 2 years

Data: Business Roundtable; Chart: Naema Ahmed/Axios

A closely-watched CEO economic confidence index rose for the first time after declining for nine straight quarters, according to a survey of 150 chief executives of the biggest U.S. companies by trade group Business Roundtable.

Why it matters: The index, which still remains at a decade low, reflects corporate America's expectations for sales, hiring and spending — which plummeted amid uncertainty when the pandemic hit.

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