- Over 50 U.S. groups pleaded with President Joe Biden to fill the vacant seat on the U.S. Federal Communications Commission (FCC) and a permanent chair for the U.S. telecom regulator to reinstate the net neutrality rules repealed under the previous government, Reuters reported.
- The group included the American Civil Liberties Union, American Libraries Association, Electronic Frontier Foundation, Writers Guild of America West.
- The group also sought other key FCC issues, including revisiting the low-income subsidy program, new broadband infrastructure rules, and reviewing media ownership rules.
- Biden selected Jessica Rosenworcel as the acting FCC chair in January. Lawmakers and others pleaded with Biden to appoint either Rosenworcel or several other candidates.
- Under Democrat President Barack Obama, the FCC adopted the net neutrality rules in 2015 that prevented the internet service providers (ISPs) from blocking, stifling traffic, or offering paid fast lanes.
- Verizon Communications Inc (NYSE:V), AT&T Inc (NYSE: T), Comcast Corp (NASDAQ: CMCSA) are some of the significant U.S. ISPs.
- However, Republican President Donald Trump government suspended the rules in 2017.
- Net neutrality supporters endorsed the protections for a free and open internet. Broadband and telecom trade groups considered the rules as outdated and investment deterrents.
- In February, a California judge permitted the U.S. to implement the rules after the Justice Department withdrew its legal challenge.
Citius Pharmaceuticals Q1 EPS $(0.02) Up From $(0.06) YoY
Citius Pharmaceuticals (NASDAQ:CTXR) reported quarterly losses of $(0.02) per share. This is a 66.67 percent increase over losses of $(0.06) per share from the same period last year.
