The Federal Aviation Association Implements a Mandatory Registration Process for Drones
The mandatory registration process of small unmanned aircraft (UAS) by the Federal Aviation Association (FAA) in December drew considerable speculation regarding the necessity of the registration process. Researchers at George Mason University’s Mercatus Center investigated the risk of small drones on air traffic by studying the effects of wildlife collisions with aircraft and estimate that “one damaging incident will occur no more than every 1.87 million years of 2kg UAS flight time.” The study acknowledges that UAS may be more damaging to aircraft than wildlife, but conclude that the probability of a collision occurring is “at an acceptable level.”
The FDA Expedites the Review Process for Generic Pharmaceutical Drugs
The Food and Drug Administration has introduced an expedited review process for generic pharmaceutical drugs that would compete with an off-patent drug produced by a single company. When a patent expires, the patent holder can raise drug prices because of its exclusive hold on the market, making it unattractive for new producers to join. Estimating the change will affect as many as 125 generic drugs, the FDA hopes to foil plans of drug manufacturers such as Martin Shkreli, the former CEO of Turing Pharmaceuticals, who famously increased the price of an antiparasitic drug tablet from $13.50 to $750.
Senate Rejects GMO Labeling Bill
The Senate rejected a bill that would have established voluntary labeling of genetically modified organisms (GMO). Democrat Senator Jon Tester and organic farmer from Montana called the bill a “bad, bad, bad policy” because the voluntary standards “are no standards at all.” If it had passed, the bill would have preempted Vermont’s mandatory GMO labeling law, which is scheduled to take effect on July 1, 2016. Though GMO labeling is a highly disputed issue, General Mills received no sales benefit from labeling Cheerios® as GMO-free.