Pfizer Faces Mixed First Quarter as Pandemic Shift Continues
Pfizer reports first quarter results with expectations for lower earnings and revenue than a year earlier. Wall Street anticipates weaker demand for COVID vaccines and treatments in the January-March period as the company frames 2023 as a transition year.
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Regulators seize First Republic Bank in historic failure
New York regulators shut First Republic Bank early Monday marking the second-largest bank failure in U.S. history. JPMorgan Chase quickly snatched most deposits and assets to curb broader market turmoil, the third midsize bank collapse in under two months. The only larger failure was Washington Mutual in 2008, also resolved with JPMorgan.
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Ride-hailing and delivery drivers face safety concerns
Gig workers describe fear after three Florida attacks last month as drivers push for stronger protections. The sector, while benefiting from vast weekly trips, remains one of the deadliest occupations per U.S. Bureau of Labor Statistics data, with assaults ranking higher for drivers than in many other jobs.
MENTIONED IN THIS ARTICLE
Florida
U.S. Bureau of Labor Statistics
FDIC Eyes Higher Insured Deposit Limit for Businesses
The FDIC proposes raising the insured limit for business bank deposits beyond 250000, citing the need to calm depositors and markets amid another U S bank failure this year. The change would require congressional approval and signals a shift in policy approach.
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FDIC
New York
Federal Deposit Insurance Corp
U.S
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