If you've ever used an at-home genetic test, there is a chance your information is not as protected as you think it is. This week, California State Senator Tom Umberg introduced legislation to regulate the sharing of specimens collected through DNA analysis.
"What consumers don't know is the recipient of the specimen, those doing the analysis, may provide that to other entities," Umberg told Cheddar Friday. He said the new legislation will protect consumers and provide them the opportunity to make their own decisions about their data.
Illinois and New York have similar laws on the books. Illinois at the start of 2020 expanded protections for users of genetic testing kits like 23andMe and Ancestry.com
One of the concerns around the sharing of genetic testing is the disclosure of information that may have "health implications and insurance implications and maybe even employment implications," Umberg said. Tests can reveal a predisposition to a disease, information that, if sold to an entity like an insurance company, may affect the user beyond simply taking a test.
He said he became more concerned after the Department of Defense warned personnel not to use home DNA tests.
"If it's affecting national defense, I think consumers should know what's what that information is being used for," the legislator and retired U.S. Army colonel said.
The legislation Umberg introduced, California Senate Bill 980, provides for users to opt-in to letting companies pass on their information to third parties, like if the company offers some kind of compensation.
Seth Schachner, Managing Director at StratAmericas, weighs in on Spotify earnings and why that headline-grabbing deal with Joe Rogan could be worth that $250 million.
Mitch Roschelle, Managing Director at Madison Ventures, shares why investors may be waiting longer than expected for those interest rate cuts, and why he’s watching tech, oil, and homebuilder stocks.
Amazon saw 24% growth in their Thursday Night Football audience in 2023. Subscribers will be rewarded with even more sports, but not without enduring more ads — unless they pay extra, of course.
Low unemployment + 350 thousand new jobs in January = ...more layoffs? A bunch of tech and retail companies have laid and are laying off employees after a nationwide hiring surge during the pandemic.
The most magical place on Earth wants a protective order to keep Gov. Ron DeSantis' appointees from knowing how the magic happens. A federal judge dismissed a separate Disney lawsuit last week.
Just days before the 49ers and Chiefs play in Las Vegas, Joe Pompliano, Investor at Pomp Investments and author of the Huddle Up Newsletter, discusses why he thinks this could be the most-watched Super Bowl in history.
Chris Versace of Tematica Research LLC shares his thoughts on Jerome Powell's latest comments, the timing of those crucial rate cuts, and what semiconductor stocks he's watching closely.
