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Pfizer recalls millions of migraine prescription drug packs due to a risk of child poisoning
"The packaging of the products is not child resistant, posing a risk of poisoning if the contents are swallowed by young children," the U.S. Consumer Product Safety Commission said.
Wall Street rides to the rescue as 11 banks pledge $30 billion to First Republic Bank
The news comes after First Republic's stock was pummeled in recent days, sparked by the collapse of Silicon Valley Bank last Friday and Signature Bank over the weekend.
Norfolk Southern once had the lowest accident rate of major U.S. rail companies. Now it's above average.
An NBC News data analysis shows that while the six other big rail lines more than halved their accident rates in the past 20 years, Norfolk Southern’s stayed relatively flat.
Treasury Secretary Yellen seeks to soothe markets and depositors, saying U.S. banking system ‘remains sound’
After a pair of historic bank failures in which regulators backstopped all depositors’ funds, Treasury Secretary Janet Yellen said account holders at other banks may not be guaranteed such robust protections in all cases.
The uncommon lending practices behind Silicon Valley Bank’s woes
Of the roughly $74 billion in total loans Silicon Valley Bank held on its books at year-end, almost half went to borrowers who invested the cash in securities of their own.
Markets improve on reports of lifelines to First Republic and Credit Suisse
Bank stocks began to inch up after suffering steep declines following two of the biggest U.S. bank failures in recent memory.
Biden administration tells TikTok's Chinese owners to sell their stakes or face possible ban
The demand marks a shift in the U.S. government's stance toward the Beijing-based ByteDance Ltd., which owns the popular video sharing app.
Black founders who banked with SVB fear backsliding on hard-won gains
Silicon Valley Bank earned mostly good reviews from entrepreneurs of color who recalled strained alliances with the financial industry. The collapse has struck some as a potentially lasting setback.
Credit Suisse to borrow up to nearly $54 billion from Swiss National Bank
Shares of the lender fell sharply Wednesday after its top investor, Saudi National Bank, said it won’t be able to provide further assistance.
Former Wells Fargo executive to plead guilty to charge in sales scandal
Carrie Tolstedt, 63, faces up to 16 months in prison under a plea agreement with federal prosecutors filed Wednesday.
FAA holds emergency summit following several alarming air travel incursions
The FAA held a rare emergency summit following a recent rise in runway incursions. NBC News’ Gabe Gutierrez sat down one-on-one with NTSB chair Jennifer Homendy to discuss the current state of airline safety.
