Tuesday Afternoon Update: U.S. Drone-Russian Fighter Jet Crash, Banking Update, Bye-Bye ‘Forever Chemicals’?

This article was adapted from the Morning Wire Afternoon update. Click to listen to the podcast version Here.

Russian Jet, USA Drone Collide

Two Russian fighter planes were captured reportedly A U.S. military drone was being harassed over international waters Tuesday morning. One of the fighter jets collided and the drone crashed into the Black Sea. U.S. European Command stated that the Russians had acted in an illegal manner. “environmentally unsound and unprofessional manner.” We are still learning more about the incident.

Banking Crisis Update

Fears of the U.S. Bank Crisis As shares of Credit Suisse, a major lender, fell in value Tuesday morning, the possibility that globalization could be intensified. After finding out that it was missing an annual report from the Swiss bank, they delayed theirs. “material weaknesses” Its balance sheet over the past two-years.

Here’s what Cabot Philips, Senior Editor of Daily Wire, told Morning Wire’s Afternoon Update podcast.

The shares in the Zurich-based international finance giant fell nearly 5% in premarket trading. This is an all-time high. Although the stock had a slight rebound by this afternoon, it is still down 1.5%. Markets were reassured Tuesday by the bank’s new executive team. However, they have not been able solve their longer-term financial problems. Stocks of banks have been hit hard since last week. Bank in Silicon Valley is on the verge of collapse Signature Bank, a smaller bank based in New York.

Feds Investigating SVB?

According to one report, the SEC and the Department of Justice are currently investigating the collapse of Silicon Valley Bank. They also want to know what actions were taken by bank executives during the days before it collapsed. Daily Wire reporter Tim Pearce broke the story on Afternoon update:

Federal authorities are reportedly investigating the bank — but the details remain murky. This type of investigation is common in the aftermath of a financial institution’s collapse. It is possible that criminal charges may be brought against the bank. However, investigators may be able to identify the source of the problem. You should look for suspicious stock trades prior to the collapse. Also, you should check if the bank misled investors regarding its financial health. Reports have highlighted this. A number of trades were executed by bank’s c–suite leaders such as Gregory Becker, former chief executive. In February, he sold shares worth $3 million just before the collapse.

Google’s AI passes the Medical Licensing Examination

Google’s latest artificial intelligence model, Med-PaLM 2, was launched at “expert” Level in the U.S. Medical Licensing Exam. Daily Wire Deputy Manager Eric Quintanar reported

Google’s AI model scored an 85% accuracy on a U.S. Medical Licensing Examination practice test — which is the highest score ever recorded by an AI model. A previous version of the technology scored a 60% score on the same test. This exam had both open-ended and multiple choice questions. According to Google Health, doctors can save time and spend more time with patients. The astonishing AI results were announced Tuesday.

Ohio launches law suit against Norfolk Southern

Ohio’s Attorney-General announced today a lawsuit against Norfolk Southern, the company that caused the release of hazardous chemicals to East Palestine from the train derailment. The Environmental Protection Agency is overseeing the cleanup of Norfolk Southern and monitoring the effects of chemical release and train derailment.

Are You Ready to Say Goodbye To Forever Chemicals?

The Environmental Protection Agency has unveiled its first proposal to ban “forever chemicals” Or PFAS (poly-fluoroalkyl substances) are banned from drinking water in all 50 states. New rule would require water systems monitoring and notifying the public about six. “forever chemicals” However, the limit should be set much lower than it currently is.

Now, the proposal is open for public comment prior to finalization.

Mitch McConnel Update

After suffering a fall last Wednesday, Senate Minority Leader Mitch McConnell (R.KY) was released late Monday afternoon from the hospital.

Listen to the podcast audio version Click here. For more discussion on the top stories of each day, listen to Morning Wire every Morning for the complete episode.

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