Overview

• President Trump rescinded Biden’s July 2021 competition executive order, earning Justice Department praise for an “America First Antitrust” policy and announcing plans to slash CFPB staffing by 90%.
• A new presidential directive directs the Transportation Department to fast-track or eliminate environmental reviews for FAA commercial rocket launch licenses.
• The Energy Department will invest nearly $1 billion to develop domestic sources of critical minerals used in electric vehicle batteries and semiconductors.
• A separate order tasks the Health Department with identifying 26 essential medications, expanding onshore production and pressing drugmakers to offer lower prices in the U.S.
• Private space firms such as SpaceX are poised to benefit from the streamlined launch approvals, transforming the commercial space sector.