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Chicago Partner Matt Prewitt will serve as a moderator at the IP Strategy Summit: New York, hosted by CenterForce, on November 19 in New York.
ArentFox Schiff Partner Lauren Schaefer will speak at Practising Law Institute’s (PLI) Noncompetes and Restrictive Covenants: What Every Lawyer, Human Resources Professional, and Key Strategic Decisionmaker Should Know program on October 1, 2026.
AFS Counsel Fredrick Weber will present at the Greater North Shore Estate & Financial Planning Council’s breakfast meeting on September 16, 2026, in Skokie, Illinois.
ArentFox Schiff Partners Kevin Matz, Brian Janowsky, and Tracy McLaughlin will present “Qualified Opportunity Zones and Estate Planning After OBBBA” during a Strafford webinar on July 30, 2026.
Welcome to the July 2026 issue of “As the (Customs and Trade) World Turns,” our monthly newsletter where we compile essential updates from the customs and trade world over the past month. We bring you the most recent and significant insights in an accessible format, concluding with our main takeaways — aka “And the Fox Says…” — on what you need to know.
The US data center sector is in the midst of a historic capital cycle as artificial intelligence (AI), cloud computing, and digital infrastructure demand pushes hyperscalers and colocation providers to commit capital at unprecedented scale.
On July 2, the Centers for Medicare & Medicaid Services (CMS) released the Calendar Year 2027 Hospital Outpatient Prospective Payment System (OPPS) and Ambulatory Surgical Center (ASC) Proposed Rule (CMS-1850-P).
On July 7, US Securities and Exchange Commission (SEC) Chairman Paul S. Atkins issued a statement outlining the agency’s 2026 Regulatory Agenda and its key priorities for the coming year.
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
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.
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.
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.
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).