Before the government stepped in, a generation of tech startups faced an existential crisis.
: Pfizer’s $43 billion bid for Seagen aims to broaden company’s cancer portfolio
Pfizer plans to pay $229 per share in cash for Seagen, whose stock soared more than 15% in trading on Monday afternoon. Pfizer’s shares gained about 1.7%.
: Silicon Valley Bank: Here’s what happened to cause it to collapse
Here are the events that led up to the collapse of Silicon Valley Bank, which caused the government to put in place an emergency backstop for all banks.
Washington Watch: Republican presidential hopefuls blast response to banking crisis: ‘Biden is pretending this isn’t a bailout’
A number of the Republicans expected to run for president in 2024 have been criticizing the Biden administration’s response to the current banking crisis.
: ‘The spirit of Dodd-Frank is dead.’ Regulators swore off bailouts, until they didn’t.
The action could represent a repudiation of the post-financial crisis consensus on U.S. bank regulation.
: Manchester United owners push sale deadline back, report says
British billionaire Jim Ratcliffe and Qatari Sheikh Jassim Bin Hamad Al Thani have made bids for the famous club.
Market Extra: Treasury yields see biggest dive since 1987’s Black Monday
Investors flock in droves to the safety of bonds on Monday in a manner not seen since the days that followed the 1987 stock-market crash.
: PacWest Bancorp insiders bought some stock as it tumbled last week
Several PacWest Bancorp insiders bought the bank’s stock late last week, as the bank tried to reassure investors in the wake of SVB’s failure.
Market Extra: Why bank ETFs are tanking despite regulators taking emergency steps to backstop depositors
Exchange-traded funds that invest in bank stocks were tanking Monday, after the U.S. government took emergency action to bolster confidence in the banking system following a run on Silicon Valley Bank.
: March Madness: 68 million American adults plan to bet on this year’s tournament
Since last year’s March Madness, Massachusetts, Kansas and Ohio legalized sports betting.
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