GLOBAL ECONOMY

The FDIC enlisted BlackRock's Financial Market Advisory unit to help sell off $114 billion in leftover assets from recently failed banks, a role the influential firm has played before.

The Federal Trade Commission on Wednesday proposed a ban on Meta Platforms using data it collects on its underaged users for commercial purposes.

19 Republican attorneys general sent a letter to JPMorgan Chase & Co., on Tuesday demanding the company stop discrimination against customers with certain religious or political affiliations.

The Federal Deposit Insurance Corporation (FDIC) released a report this week seeking reform of its deposit insurance system due to recent instability in multiple U.S. banks.

First Republic Bank's failure and fire sale to JPMorgan Chase has fueled speculation about whether more banks will need to be rescued or whether the worst is over for the sector.

Experts say national drug shortages, caused by manufacturing problems, demand spikes, and tightened ingredient supply lines, have no clear resolution and could persist for years.

Ohio Sen. Sherrod Brown urged young residents in the Buckeye State to take up trade jobs and insisted they “don't need a college degree."

Eli Lilly's tirzepatide, which is approved to treat Type 2 diabetes and sold under the brand name Mounjaro, could become the most effective weight loss treatment.

Sen. Ted Cruz and Rep. Jim Jordan wrote to San Francisco Federal Reserve Chair Mary Daly to request information on the Fed's supervision of Silicon Valley Bank prior to its failure.

Demand for medications including Ozempic, for weight loss use, led to shortages that sometimes deprived people with diabetes of their prescription refills.

First Republic Bank released its first-quarter financial results, which revealed a 40% decline in deposits compared to the end of 2022 in the wake of the recent banking crisis.

Americans are spending more money on legal cannabis purchases than they are spending on chocolate, craft beer, opioid medications or topical pain relief.

Emergent BioSolutions is aiming to make Narcan more affordable after the Food and Drug Administration approved sales of the live-saving without a prescription.

Members of Congress wrote to CBP to express concern that Chinese e-commerce firms could skirt U.S. laws against the use of Uyghur forced labor due to a loophole for small shipments.

Moderna shares are down Tuesday on news that the biotech's potential flu vaccine will need further review to determine its efficacy against influenza.

Taiwan-headquartered chipmaking giant TSMC is in talks with the U.S. government about compliance criteria for obtaining subsidies from the $52 billion CHIPS Act.

The Treasury Dept. released its first-ever illicit finance risk assessment of decentralized finance (DeFi) services to cybercriminals and state actors like North Korea.

The Bank of North Dakota's unique position as the only U.S. bank owned and operated by a state has drawn attention as a potential alternative structure amid the recent banking crisis.

Technical companies are having a hard time replacing older trade workers who are retiring. There haven't been enough young people training to fill open roles.

House Speaker Kevin McCarthy, R-Calif., and Taiwan President Tsai Ing-wen will meet Wednesday in California amid ongoing tensions with the People's Republic of China.