Biden said the administration needs to reduce the risks of a future recurrence and protect American jobs and small businesses.
In addition to noting that Moderna will lead the RSV vaccine market, Cowen also referred to major opinion leaders’ belief in the pharmaceutical company competing in a “three-player vaccine market”.
Pfizer has been on an acquisition spree as it seeks to cushion the impact of a projected $17 billion revenue drop by 2030.
The automaker attained a new landmark in September 2022 with its largest IPO in Europe regarding market valuation.
With the collapse of SVB, many commentators have been echoing the phrase that no firm is “too big to fail.”
HSBC’s announcement came at a time the United States government announced a $25 billion bailout of struggling Silicon Valley Bank and Signature Bank to avoid a further banking crisis.
The decision to take over Signature Bank was made to reduce depositor outflows and prevent further bank runs.
Shares of First Republic Bank (FRC) have been in the red for the past year, shedding more than 48% in the last twelve months.
According to Goldman Sachs, the relief package that is currently being provided to distressed banks stops short of similar reliefs implemented during the 2008 financial crisis.
According to Bank of London co-founder and CEO Anthony Watson in a statement, the acquisition of Silicon Valley Bank SVB’s assets could be a unique opportunity to grow the banking sector in the United Kingdom.
Compared to the $110 billion recorded in 2021, the Saudi Arabian oil giant’s net income took a significant leap by growing over 46% YoY in 2022.
While many are concerned about what the aftermath of the collapse of Silicon Valley Bank will be in the next couple of weeks and months, Treasury Sec Janet Yellen seems unfazed.
Danish toy giant Lego is building on its metaverse push by partnering with gaming facilitator Epic Games to target digital markets.
Citing the strong deterioration in the macroeconomic data, Blockchain.com decided to shutdown BACM that served institutional players.
The new text-based content app, codenamed P92, will be backed by ActivityPub – a decentralized social networking protocol.