Afternoon Coffee: SEC to Reconsider Conflict Minerals Regulation, Target Steps Back from Innovation Push

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As the Trump administration moves to cut federal regulations across the board, one law is facing increasing scrutiny: the Dodd-Frank Act. The acting chairman of the Securities and Exchange Commission said Tuesday the agency would reconsider the way it enforces conflict minerals reporting, according to the Wall Street Journal. Officials say the reporting requirements are burdensome and costly for companies.

Off Target

Target is cutting some of its innovation programs as it deals with soft sales and traffic during the holidays, the Minneapolis Star Tribune reports. The abandoned projects include an secretive e-commerce startup called Goldfish and “a prototype for a robot-infused store of the future.”

Copper Price Update

With fears mounting of a labor strike at the world’s largest copper mine, copper prices retreated Wednesday after reaching a 20-month high, MarketWatch writes. The London Metal Exchange's three-month copper contract was down 0.5% at $5,950 a metric ton. Early in the session the market extended the gains of the previous session, briefly exceeding $6,000 a ton for the first time since June 2015.

Bacon Crisis

And finally, some supply news you really need to hear: U.S. bacon reserves hit 50-year lows this month as prices rose. The problem, as USA Today explains, is there “are literally not enough little piggies going to market,” with demand for frozen pork belly steeply outpacing supply.

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