May 6, 2024

Friday's Daily Pulse

What you need to know about Florida today

| 4/26/2024

A year later, Florida businesses' take on the state's new immigration law

About a year ago, Florida Governor- and then presidential candidate- Ron DeSantis passed one of the toughest crackdowns on immigration in the country. SB1718 punishes employers who use undocumented labor and forbids undocumented people from having a driver's license. Many local Florida businesses say the new law has led to workers leaving the state that's hurt their bottom line. [Source: NPR]

Business BeatBusiness Beat - Week of April 26th

Get top news-to-know with Florida Trend's headline-focused video newsbrief, hosted by digital content specialist Aimée Alexander.

Business, worker advocacy groups spar over heat rules

A new Florida law prohibiting local governments from implementing workplace heat safety rules will likely pressure the federal government to step in and take action to protect workers, experts say. But federal rules are years away, they say, leaving it up to employers to create safe worksites as temperatures rise. [Source: Business Insurance Magazine]

Florida health care providers adjust to largest U.S. drug shortage list in recorded history

According to information from the American Society of Health-System Pharmacists, the United States is dealing with the most serious drug shortage it has seen in more than 20 years. The ASHP currently reports that there is a shortage of 323 different drugs, which is the highest number the group has seen since 2001, when it started tracking shortages. [Source: Spectrum News]

Failed insurance execs are taking new jobs. Florida says it’s illegal.

Florida law forbids officers and directors of insolvent insurers from taking on equivalent roles at other companies without first proving they weren’t responsible for the prior failure. The law, on the books since 2002, is well-known in the industry. Some insiders call it the “no-fly list.” But the wave of recent insurance company insolvencies — which has contributed to Floridians’ turmoil and sky-high premiums — is testing the law like never before. [Source: Tampa Bay Times]

ALSO AROUND FLORIDA:

› Judges urged to reconsider Florida federal redistricting case
Voting-rights groups want a federal court to reconsider a ruling that upheld the constitutionality of a Florida congressional redistricting plan, pointing to the “outsized” role that Gov. Ron DeSantis played in pushing the plan through the Legislature. Attorneys for groups such as Common Cause Florida and the Florida NAACP and other plaintiffs filed a motion Wednesday urging a three-judge panel to look again at whether the redistricting plan was passed in 2022 with a racially discriminatory motive.

› South Florida oil company looking to drill in Apalachicola River Basin
People in Franklin County are voicing their opposition to an exploratory oil well drilling request in the Apalachicola River Basin. The Florida Department of Environmental Protection will decide Monday whether or not Clearwater Land & Minerals Oil Company can do exploratory, or “wildcat,” drilling in the river basin. It’s not the first time companies have drilled in that area. None of them found any oil.

› Clearwater tech company KnowBe4 buys British AI firm
KnowBe4, the Clearwater-based cybersecurity company that sold to a Texas private equity firm for $4.6 billion in 2022, has agreed to buy an English company specializing in adaptive and integrated cloud email security. Both KnowBe4 and Egress, the company being bought, announced the sale Thursday. Financial terms were not disclosed.

› Tourism board recommends $5 million Brevard grant to help fund Brightline station in Cocoa
Brevard County's tourism board unanimously recommended a $5 million grant to help design and build the planned Brightline train station in north Cocoa â?• a project that could cost $75 million. The grant proposal will go to the Brevard County Commission as early as May 7 for approval.

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