New TikTok ban bill passes key House committee on a party-line vote
The bill would grant President Joe Biden powes to impose sanctions on Chinese companies that threaten U.S. national security and collect Americans’ personal data.
A little-known renewable energy stock could rally more than 20%, UBS says
UBS upgraded the stock to buy from neutral, saying the company is projected to double its annual earnings growth rate to 10% in the next four years.
Senators unveil rail safety bill after Ohio train derailment
Senators from Ohio, where the derailment occurred, and Pennsylvania, where the toxic plume drifted, are among those spearheading the legislation.
Vanessa Bryant reaches $28.85 million settlement with L.A. County over helicopter crash photos
Bryant, the widow of NBA legend Kobe Bryant, sued Los Angeles County and others over photos taken of the scene of the deadly helicopter crash.
Lilly to cut insulin prices by 70%, cap costs at $35 per month for people with private insurance
The announcement comes amid growing federal pressure to lower the cost of insulin prices.
Hacked Washington law firm fights SEC subpoena in effort to protect attorney-client privilege
Covington & Burling is fighting to protect client names from the SEC, in a case that could significantly impact the nature of attorney-client relationships
Op-ed: Offshoring crypto hurts the financial system and America’s geopolitical standing, says Coinbase CEO Brian Armstrong
The U.S. has the opportunity to lead in crypto and reap the benefits, writes Coinbase CEO Brian Armstrong.
JPMorgan downgrades Marqeta, cites muted 2023 growth outlook for the payments company
JPMorgan lowered its rating for Marqeta to neutral from overweight. It also slashed its price target to $6 from $9.
Mortgage demand from homebuyers drops to a 28-year low
Mortgage demand dropped for the third straight week as interest rates moved higher again.
Morgan Stanley upgrades Sarepta Therapeutics, says biotech stock can rally more than 50%
Morgan Stanley upgraded Sarepta shares to overweight, saying that the path for SRP-9001 appears “de-risked.”
