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Pharmaceutical Research and Manufacturers of America v. O’Day

Pending Petition
Docket No.25-1018
Op. Below9th Cir.

Issue

(1) Whether a government reporting requirement is subject to intermediate First Amendment scrutiny, and satisfies such scrutiny, so long as it aims to correct “information asymmetries” that are “product-specific”; and (2) whether entities that operate in “highly regulated” industries categorically lack reasonable investment-backed expectations in their trade secrets for purposes of the takings clause.

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