Is your bank at home in three markets or 53?

With on-the-ground specialists in over 50 markets,

HSBC UK has been voted the leading bank for trade for the last seven years so let us help

you navigate international business like a local search H.S.C. International

Bank to find out more. H.S.B.C. UK, opening up a world of opportunity.

Voted the UK's Best Trade Finance Bank for seven consecutive years by Euromoney UK Trade Finance

Survey 2023.

From the opinion pages of the Wall Street Journal, this is Potomac Watch.

The Supreme Court here is a big case that could reign in the administrative state.

Welcome, I'm Kyle Peterson with the Wall Street Journal.

We are joined today by my colleagues, columnist Alicia Finley and Kim Strassal.

Forty years ago, in 1984, the Supreme Court issued a decision

in a case called Chevron v NRDC,

and it obligated judges to defer to the government's interpretation of ambiguous statutes.

For a long time now, these regulatory agencies have taken that as an invitation to steer the law

toward their policy objectives of their presidents and their administrations with

little oversight from the judicial branch.

But on Wednesday the Supreme Court is hearing a pair of cases

that could reverse this so-called Chevron deference.

Those cases are Loperbright Enterprises versus Raimondo, and Relentless Inc versus Department of Commerce.

Let's start with a clip of oral argument.

This is Justice Alana Kagan, suggesting to the attorney for Relentless Inc that reversing Chevron would

...