Credit Suisse upgrades Charles Schwab, says stock has ‘overshot to the downside’ in Silicon Valley Bank fallout
The Wall Street firm upgraded the stock to outperform from neutral. Charles Schwab shares are down 31% this year.
Top Senate Democrats press DOJ, SEC to investigate whether Silicon Valley Bank executives broke any laws
California bank regulators shuttered SVB on Friday and the FDIC set up an intermediary bank to take over the bank’s insured deposits.
‘Rust’ prosecutor steps down after challenge from Alec Baldwin’s defense
Baldwin’s attorneys sought to disqualify the prosecutor, Andrea Reeb, because of her position as a state legislator.
FDA authorizes Pfizer’s Covid omicron booster as fourth shot for kids under 5
The FDA authorized Pfizer’s omicron booster shot for kids younger than five who were previously vaccinated with three doses of the company’s original shot.
Ex-fugitive in $100 million New Jersey deli case leaves Thailand for U.S. court hearing
Three men are charged with alleged stock manipulation of Hometown International, which owned just a money-losing New Jersey deli.
Senate Democrats urge Walmart, Costco, Albertsons and Kroger to sell abortion pill mifepristone
The senators urged the companies to get certified with the FDA to sell the abortion pill mifepristone and provide access that is as broad as possible.
Apple reportedly delaying some employee bonuses as the company cuts costs
The shift is the latest example that Apple is cutting costs and watching corporate expenses closely during a rough patch for the tech industry.
FDA staff report says data shows Pfizer’s Covid treatment Paxlovid is effective in high-risk adults
FDA staff said Pfizer’s clinical trial results on its Covid antiviral pill Paxlovid support its use in adults at high risk of progressing to severe disease.
Biden announces new plans to curb gun violence, months after Lunar New Year mass shooting
Though President Joe Biden signed the first major gun legislation passed in nearly 30 years last summer, he said it did not go as far as he’d like.
Ohio sues Norfolk Southern over East Palestine derailment
Ohio sued rail company Norfolk Southern over the derailment of a train carrying toxic materials in East Palestine last month
