Morning Wire Russian Jet, U.S. Drone Collide & Ohio Sues Norfolk Southern | Afternoon Update | 3.14.23
Mar 14, 2023
A tense near-collision involving a Russian fighter jet and a U.S. drone raises questions about international military conduct. Meanwhile, fears spread in the banking sector as Credit Suisse faces serious financial troubles. On a brighter note, breakthroughs in healthcare emerge with Google's AI model demonstrating promise in medical licensing. Legal battles heat up against Norfolk Southern, alongside new EPA regulations addressing toxic chemicals in drinking water, highlighting the ongoing clash between industry and environmental protection.
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U.S. Drone Downed
- A U.S. military drone was forced to crash into the Black Sea after colliding with a Russian fighter jet.
- The incident occurred over international waters during a reported harassment by two Russian jets.
Credit Suisse Concerns
- Credit Suisse delayed its annual report due to material weaknesses in its balance sheet.
- Shares dropped but later rebounded slightly amidst global banking crisis fears.
Silicon Valley Bank Investigation
- The SEC is investigating Silicon Valley Bank's collapse and executives' actions.
- The probe will examine stock trades and potential misleading of investors.