regulatory

“IEEPA authorizes the imposition of regulatory tariffs on foreign imports to deal with foreign threats — which crucially differ from domestic taxation,” he wrote last month.

Perry, who sits on Fermi’s board, holds more than 16.5 million shares valued at more than $460 million, according to regulatory filings.

"This change introduces a complex regulatory solution that delivers a customer outcome that is already being offered by many retailers," she said in a statement.

Shares of Sarepta Therapeutics Inc. plunged in extended trading Monday after the biotechnology company disclosed disappointing drug-trial data, which could lengthen the timeline of the regulatory approval process.

The transaction is expected to close next year, pending regulatory approvals.