By Brendan Pierson (Reuters) – A federal judge in Denver on Friday rejected a Catholic medical center’s bid to block Colorado from banning an unproven treatment meant to reverse the effects of a medication abortion drug. U.S. District Judge Daniel Domenico said there was no need to block the first-of-its-kind ban because the state has…
WASHINGTON (Reuters) – U.S. President Joe Biden on Friday reduced the prison sentences of 31 people convicted of drug-related crimes, using the powers of the presidency to ease punishment for non-violent offenses. All of the sentences are now set to end on June 30, with the remainder of their time to be served as in-home…
By Greg Roumeliotis (Reuters) – The U.S. Federal Deposit Insurance Corporation (FDIC) is preparing to place First Republic Bank under receivership imminently, a person familiar with the matter said on Friday, sending shares of the lender down more than 40% in extended trading. The U.S. banking regulator decided the troubled regional lender’s position has deteriorated…
By Joseph Ax (Reuters) -North Carolina’s highest court on Friday ruled that state law does not bar lawmakers from drawing congressional and state legislative maps for partisan benefit, boosting Republicans’ odds next year of maintaining their narrow majority in the U.S. House of Representatives. The decision – divided along party lines – appears to clear…
WASHINGTON (Reuters) – Senator Michael Bennet introduced a bill on Thursday that would create a task force to look at U.S. policies on artificial intelligence, and identify how best to reduce threats to privacy, civil liberties and due process. The popular use of ChatGPT and other AI, which have been used for years to create…
By Siddarth S and Lananh Nguyen NEW YORK (Reuters) – Investment bank Lazard Ltd on Friday reported a surprise loss in the first quarter as dealmaking slumped, a trend the company’s CEO said would likely persist. The company also warned of an uncertain outlook for the year and said it would eliminate around 10% of…
(Reuters) – Deposits at commercial U.S. banks dipped in the week ended April 19, signaling no fresh worries about bank safety of the kind that drove sharp outflows in the week immediately following the collapse of Silicon Valley Bank, data released on Friday by the Federal Reserve showed. Deposits at large U.S. banks fell to…
(Reuters) – Deposits at commercial U.S. banks dipped in the week ended April 19, signaling no fresh worries about bank safety of the kind that drove sharp outflows in the week immediately following the collapse of Silicon Valley Bank, data released on Friday by the Federal Reserve showed. Deposits at large U.S. banks fell to…
By John Kruzel WASHINGTON (Reuters) – U.S. Supreme Court Justice Samuel Alito believes the leak last May of a draft opinion that ended the nationwide right to abortion was meant to “intimidate” the court into changing its decision, the conservative justice told the Wall Street Journal. “It was a part of an effort to prevent…
(Reuters) – At the time of Silicon Valley Bank’s collapse, the number of outstanding safety and soundness warnings from Federal Reserve bank supervisors had mushroomed to three times the average for a bank its size, according to a report released on Friday. Below is a timeline of those 31 “matters requiring attention” or “matters requiring…
