All Perspectives

On July 16, the Centers for Medicare & Medicaid Services (CMS) published the 2027 Physician Fee Schedule (PFS) proposed rule. Among other provisions, CMS has now proposed to convert a previously voluntary filing to a mandatory submission: requiring 340B Covered Entities to submit Part D claims data to the Medicare Part D Claims Data 340B Repository beginning in 2027.

A newly filed California suit, Winters v. OpenAI, Inc. et al., may become the first case to test whether product liability and negligence per se theories can reach a generative artificial intelligence (AI) chatbot’s design and deployment decisions, after ChatGPT-4o’s health-related guidance allegedly contributed to a plaintiff’s near-fatal medical emergency.

Headlines that Matter for Companies and Executives in Regulated Industries

Private Clients, Trusts & Estates Partner Sarah Kerr Severson was quoted in Family Wealth Report on the implications of artificial intelligence (AI) notetaking tools for confidentiality and attorney-client privilege.

On July 20, President Trump issued a proclamation imposing an additional 50% ad valorem duty on Canadian-origin alcoholic beverages imported into the United States, effective 12:01 AM ET, August 19. The action is a direct, sector-matched response to Canada’s provincial bans on the purchase, distribution, and retailing of US alcoholic beverages, which have been in effect across virtually all provinces and territories since March 2025.

The Internal Revenue Service (IRS) released Notice 2026-40 on June 18, announcing that proposed regulations regarding qualified opportunity zones (QOZs) under §§ 1400Z-1 and 1400Z-2 of the Internal Revenue Code are forthcoming and providing long-anticipated transitional guidance relating to qualifying investments thereunder.

ArentFox Schiff Partner Kevin Matz will be presenting at the NYU Summer Tax Institute Advanced Trusts and Estates Conference in New York City on July 24, 2026.

ArentFox Schiff is pleased to announce that the firm’s Private Clients, Trusts & Estates Group and 12 partners have been recognized by Chambers High Net Worth 2026 guide, ranking the top attorneys and law firms for international private wealth.

ArentFox Schiff is pleased to announce that Craig Gelfound, head of the firm’s Los Angeles Intellectual Property Group, has once again earned prominent recognition as a leading intellectual property lawyer from The Legal 500 and Super Lawyers.

International Trade Partner James Kim was quoted on President Trump’s pivot to Section 338 of the Tariff Act of 1930 as a means to impose tariffs of up to 50% on Canadian imports.

ArentFox Schiff Partner James Westerlind will be a panelist at the Dublin Life Settlement Symposium on September 15, 2026.

The Institutional Limited Partners Association (ILPA) continues to refine its guidance on continuation funds to address the needs of limited partners in the current market.

On July 13, in connection with the suspension of its Cybersecurity Maturity Model Certification (CMMC) Phase II roll-out, the US Department of Defense/War established a CMMC Reform Task Force, charged with reviewing and proposing reforms to the Department’s cybersecurity program requirements for the Defense Industrial Base (DIB).

On July 14, the Ninth Circuit vacated a $40 million jury verdict against XP Power, LLC in a closely watched trade secret misappropriation case brought by Comet Technologies USA, Inc. and its affiliates under the federal Defend Trade Secrets Act (DTSA) and, at least initially, the California Uniform Trade Secrets Act (CUTSA).

New York’s data center pause is temporary, but the review process itself will make permanent the assumptions, standards, and evidentiary records that govern future development.

Advertising & Promotions Partner Thorne Maginnis will speak on the intellectual property considerations associated with influencer campaigns on July 22, 2026.

Pat Naples was quoted on the results of the KFF Health Tracking Poll and the perception of the federal push behind health care fraud enforcement as a partisan issue.

Businesses and industries have developed comprehensive approaches to protecting confidential, classified, and proprietary information to serve their corporate interests. Now, businesses need to think about and prepare for a new threat: employees using information to make money on online betting platforms.

ArentFox Schiff is pleased to announce that the firm and three partners have been shortlisted for the annual LMG Life Sciences Americas Awards.

Headlines that Matter for Companies and Executives in Regulated Industries

On June 18, the US Department of Commerce, Bureau of Industry and Security (BIS), announced the release of one new General Authorization (GA) and one amended GA related to the January 16, 2025, “Securing the Information and Communications Technology and Services Supply Chain: Connected Vehicles” Rule (the Connected Vehicles Rule).

On July 14, a California federal court granted a preliminary injunction blocking the California Attorney General from enforcing Senate Bill 343 (SB 343), a law regulating recyclability claims on products and packaging.

Businesses often focus on whether a regulation is lawful under the Administrative Procedure Act (APA), an inquiry that traditionally turns on whether an agency action is arbitrary and capricious. Recent US Supreme Court decisions suggest a different question may come first: whether courts ever reach that analysis at all.

On July 14, the US Department of Justice (DOJ), together with the US Department of Homeland Security (DHS) and US Customs and Border Protection (CBP), held a major news conference in Chicago, Illinois, announcing that the Trade Fraud Task Force has surpassed $1 billion in criminal and civil recoveries, penalties, forfeitures, and charged losses in less than one year since its launch.

Peptides remain one of the hottest topics in the drug industry, and many therapeutic peptides offered for sale today have been compounded.