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Banks take advantage of Fed crisis lending programs
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Financial institutions took about $300 billion in short-term loans this week from the Federal Reserve as the industry copes with a serious crisis.

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Senators relaunch bill seeking to force Supreme Court to televise sessions
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The Supreme Court has resisted calls to televise sessions. A senator cited recent rulings on abortion and gun control in pushing for more transparency.

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Bank shares rebound off lows as big banks come to the aid of First Republic
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The collapse of Silicon Valley Bank last Friday has left investors scrambling to identify other regional banks that have similar balance sheet issues.

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Sarepta Therapeutics announced AdCom to be held for SRP-9001
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Marketmind: This is what a relief rally looks like
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Eleven Banks Deposit $30 Billion in First Republic Bank
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Banks Borrow $164.8 Billion From Fed in Rush to Backstop Liquidity
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Schwab Clients Pull $8.8 Billion From Prime Funds This Week
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Stock Market Rallies As 11 Bank Giants Aid First Republic, But FRC Dives Late; Apple, Microsoft Flash Buy Signals
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FDA advisors recommend full approval of Pfizer Covid treatment Paxlovid for adults 50 and over and other high-risk people
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Paxlovid is recommended for people over 50 or those with medical conditions such as high blood pressure or diabetes that place them at a greater risk of Covid.

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China would be among first paid under GOP debt limit plan, Treasury Secretary Yellen says
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A GOP plan to pay off certain debts to avoid default instead of passing a debt ceiling bill is a “dangerous idea,” said Yellen.

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FedEx hikes 2023 earnings forecast as cost-cutting initiatives bear fruit
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FedEx hiked its 2023 earnings forecast on Thursday, citing cost-cutting measures that offset continued demand weakness.

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After-hours movers: First Republic resumes free-fall despite lifeline, FedEx surges on raised guidance
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Mizuho expects PG&E shares to be weak following CFO's resignation
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Banks sought record Fed liquidity in wake of SVB collapse
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Nissan workers at Tennessee plant reject union campaign
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SpaceX Rival Virgin Orbit Needs Cash, Halts Operations. Stock Plunges.
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Stripe slashes valuation to $50 billion in new $6.5 billion funding round
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Payment processor Stripe raised $6.5 billion, largely to provide liquidity to current and former employees, but at a sharply discounted $50 billion valuation.

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Why the EV Revolution May Finally Be Here
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Snap stock surges on report that Biden may ban TikTok
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Shares in U.S. social media firms Snap and Meta jumped after a report indicated that the Biden Administration could ban TikTok.

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As bank crisis spreads, Cramer says the Fed may need to take drastic measures
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CNBC’s Jim Cramer on Wednesday said the Federal Reserve may need to take drastic measures, which could be “fantastic” for your portfolio.

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A recession could come sooner on cooling bank lending
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Plummeting bond yields, and steep drops in oil and stock prices are all signaling that investors fear a recession is now on the near horizon.

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China sees record 7.7 million applicants for 200,000 government jobs
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Government jobs are typically regarded as stable and prestigious in China, especially since young people’s unemployment has soared to record highs.

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First Republic Bank stock extends steep losses amid reports it’s considering a possible sale
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