Swiss warehouses are bulging with unused Covid-19 vaccine doses, and more are on the way. But millions of out-of-date vials are being destroyed amid stagnating demand and complex negotiations over donating them to developing countries.
U.S. regulators took control of a second bank Sunday and announced emergency measures to ease fears depositors might pull their money from smaller lenders after the swift collapse late last week of Silicon Valley Bank.
Turmoil continued to engulf shares in banks as investors rushed to reduce exposure to the banking industry after seeing equity stakes wiped out at Silicon Valley Bank and Signature Bank.
As one might expect, the Judiciary hearing on the "weaponization" of federal agencies, featuring Matt Taibbi and Michael Shellenberger as witnesses was full of fireworks, facts, and ad hominem friction.
The White House is asking Congress for a whopping $886.4 billion military budget for the fiscal year 2024, with $842 billion of it going to the Pentagon. The rest would go toward other federal agencies’ military spending, including the Energy Department’s nuclear weapons program.
Regional rivals Iran and Saudi Arabia agreed Friday to restore ties and reopen diplomatic missions in Chinese-brokered talks, they said in a joint statement, seven years after relations were severed.
SVB Financial Group is reportedly exploring a sale after selling billions of dollars of assets to make its customers whole and sparking a panic on Wall Street this week.
