Regulatory Update

Sacramento – October 02, 2026 -- California State Controller Malia M. Cohen released 2025 self-reported payroll data for University of California (UC) campuses and California Community College Districts (CCD), covering 451,244 positions, more than $34 billion in wages and over $6 billion in retirement and health contributions, for total compensation exceeding $40.1 billion.

UC campuses report full participation with $33.7 billion in total compensation

All 10 UC campuses and the Office of the President filed complete reports, covering 357,167 positions, more than $29.2 billion in wages and nearly $4.5 billion in retirement and health contributions. UC institutions have maintained a 100 percent reporting rate since voluntarily joining the program in 2013. UCLA reported the most positions at 74,519, followed by UC San Diego at 54,598.

Irvine, Calif. – October 02, 2026 -- Governor Gavin Newsom signed Senate Bill 1087 on September 30, legislation sponsored by the Southern California Association of Governments (SCAG) that the Building Industry Association of Southern California (BIASC) says will raise housing costs and erode local planning authority across the region.

Builders say the law ties housing production to stricter regional transportation mandates

BIASC opposed the final version of SB 1087 (Cabaldon), arguing it expands regional planning requirements linked to greenhouse-gas reduction and Vehicle Miles Traveled (VMT) targets at a time when California faces a severe housing affordability and production shortfall. The statewide California Building Industry Association had labeled the bill a "Housing Killer."

Orlando, Fla. – October 02, 2026 -- Northern Jet has achieved Stage 1 registration under the International Standard for Business Aircraft Operations (IS-BAO), a credential issued August 31, 2026 and valid through August 31, 2028.

Charter operator passes three-day audit to secure global safety standard

The registration, developed by the International Business Aviation Council (IBAC), followed an extensive preparation process and a three-day audit examining Northern Jet's flight operations, policies, procedures and Safety Management System. IS-BAO is built on internationally accepted standards for aircraft operations, emphasizing structured safety management, risk identification and organizational accountability.

South San Francisco, Calif. – October 02, 2026 -- Rigel Pharmaceuticals, Inc. (Nasdaq: RIGL) has granted 35,275 restricted stock units to 18 non-executive employees under its Inducement Plan.

Rigel ties new hire equity to four-year vesting schedule

The restricted stock units vest over four years, with 25% of each grant releasing annually. The Compensation Committee of Rigel's Board of Directors approved the awards as an inducement material to new employees joining the company.

Grants comply with Nasdaq Listing Rule 5635(c)(4)

Rigel issued the awards in accordance with Nasdaq Listing Rule 5635(c)(4), which permits companies to grant equity inducements to new employees outside shareholder-approved equity plans. The rule requires public disclosure of such grants, which Rigel has now made.

Tianjin, China – October 02, 2026 -- Tianjin University's "Shengong-Shengao" system has become China's first approved brain-computer interface (BCI) medical device for diagnosing cognitive impairment, cutting diagnosis time for conditions like hydrocephalus from days to just 30 minutes. The milestone marks a commercial breakthrough as TJU, China's first modern university, marks its 131st anniversary on October 2, 2026.

Shengong device line moves from lab to clinical wards nationwide

Developed by a team led by Professor Liu Xiuyun, the Shengong-Shengao system received regulatory approval and has already been joined by more than 20 additional devices in the Shengong series now deployed in clinical settings. The university states the devices have delivered measurable benefits to thousands of patients, signaling rapid translation of university research into deployable medical hardware.

St. Louis – October 02, 2026 -- DOOR (OTC: LTCH) has finalized a settlement with the U.S. Securities and Exchange Commission, closing a four-year investigation into legacy revenue recognition and key performance indicator practices with a $1.0 million civil penalty payable in quarterly installments.

SEC closes investigation that began in 2022

The SEC approved the previously disclosed settlement, which the Company first announced in principle on October 02, 2026. DOOR consented to an administrative order without admitting or denying the regulator's findings.

Company filed seven years of restated financial statements

Since late 2024, DOOR has filed seven years of financial statements, including restated prior periods, becoming current with its SEC reporting obligations in February 2026 for the first time since mid-2022.

London – October 02, 2026 -- Curaleaf International's Que Medical Inhalation Device (QMID) has become the first cannabis inhalation device to secure registration from Australia's Therapeutic Goods Administration, clearing the way for clinicians to prescribe a standardized-dosing device in a market that has treated more than one million patients since 2016.

TGA Grants Class IIb Status to QMID on October 02, 2026

The device, developed with Jupiter Research LLC, was listed in the Australian Register of Therapeutic Goods as a Class IIb Medical Device, marking the first regulatory approval in Australia for a device delivering Cannabis Sativa L. extracts via patient inhalation. The approval follows a multi-year regulatory process and arrives one year after QMID received EU Medical Device Registration.

Austin, Texas – October 02, 2026 -- SerpApi, a provider of structured search data APIs, has achieved ISO/IEC 27701:2019 certification, an internationally recognized standard for Privacy Information Management Systems (PIMS).

SerpApi adds privacy certification to existing security compliance stack

The ISO/IEC 27701 certification follows SerpApi's completion of a SOC 2 Type 2 examination, issuance of a SOC 3 report, and prior achievement of ISO/IEC 27001:2022 certification. The standard requires organizations to meet strict requirements for managing risks tied to personally identifiable information (PII).

New York – October 02, 2026 -- The American National Standards Institute (ANSI) and America Makes have launched a searchable online database of additive manufacturing (AM) standards alongside a September 2026 Gaps Progress Report, giving manufacturers and regulators a clearer map of which safety and performance standards exist, which are in development, and where coverage is still missing.

Both tools originate from the Additive Manufacturing Standardization Collaborative (AMSC), a cross-sector body jointly led by ANSI and America Makes, as AM adoption expands into aerospace, medical devices, automotive, and defense applications where parts from different machines and manufacturers must perform consistently.

Metro Chicago – October 02, 2026 -- Calamos Investments has declared monthly distributions paid in October 2026 across seven of its closed-end funds, accompanied by mandatory source-of-distribution disclosures required under Section 19 of the Investment Company Act of 1940.

Seven closed-end funds confirm October payouts under distribution plans

The affected funds trade on Nasdaq under tickers CHI, CHY, CSQ, CGO, CHW, CCD and CPZ. Calamos Global Total Return Fund, Calamos Global Dynamic Income Fund, Calamos Dynamic Convertible and Income Fund, Calamos Convertible Opportunities and Income Fund, and Calamos Convertible and High Income Fund are reporting estimated distribution sources based on year-to-date cumulative experience, with the firm attributing these estimates equally across each regular distribution for the year.