First Republic: JP Morgan to take over assets after lender becomes fourth to fail in two months
JP Morgan has agreed a deal with regulators to acquire the “substantial majority” of First Republic’s assets, including $173 billion (£138bn) of loans. The California Department of Financial Protection and Innovation announced early on Monday it had taken possession of First Republic and the Federal Deposit Insurance Corporation (FDIC) would act as its receiver. The […]
Three soldiers dead and one injured as two US army helicopters crash in Alaska
Two of the soldiers died at the scene, with the third dying while on the way to hospital. A fourth soldier is being treated in hospital for injuries following the crash on Thursday, which involved two AH-64 Apache helicopters returning from a training flight in the Healy region of the northwestern state. The soldiers’ identities […]
US Supreme Court preserves women’s access to abortion pill mifepristone at center of legal fight
Women’s access to a widely used abortion pill in the US has been maintained by the Supreme Court during an ongoing legal battle over the drug. The justices agreed to stay or pause a lower court decision imposing restrictions on the availability of mifepristone during a challenge by anti-abortion groups to its federal regulatory approval. […]
Bed Bath & Beyond, described as a ‘US institution’, files for bankruptcy protection
Bed Bath & Beyond has filed for bankruptcy protection in the US, following years of falling sales, financial losses and failed recovery efforts. The homeware chain made the filing in the US District Court in New Jersey, saying it will start to wind down its operations while seeking a buyer for some or all of […]
Richard Glossip: US death row inmate due to be executed in May as murder conviction upheld
Death row inmate Richard Glossip has had his conviction for murder upheld by an Oklahoma court, paving the way for him to be executed next month. Glossip, 60, was sentenced to death for ordering the 1997 killing of Barry Van Treese, the owner of a motel in Oklahoma City where Glossip worked. He has maintained […]
Joe Biden to announce he will run for a second term as US president next week – reports
Joe Biden is set to announce he will run for a second term as US president next week, according to US media. Mr Biden’s advisers are planning to launch his re-election campaign as soon as next Tuesday, three sources said. The 80-year-old president’s advisers have said for months that no formal timetable has been agreed […]
Florida woman wins $2m after spending life savings on daughter’s breast cancer treatment
Geraldine Gimblet claimed the top prize in a $2m scratch card lottery. But when she went to buy the card, the shop assistant told her they didn’t have any left. “I asked him to double check because I like the crossword games the best. He found the last one!” she told Florida lottery officials in […]
US bird flu outbreak ‘wiping out everything in numbers we’ve never seen before’, scientists warn
Warnings over the spread of bird flu come after the World Health Organization said people should not assume the risk to humans will always remain low. Countries have suffered huge numbers of bird deaths since an outbreak of H5N1 began in late 2021, and it has spread to mammals. An outbreak of bird flu spreading […]
Three of El Chapo’s sons charged over drug trafficking as US tackles overdose crisis
Three sons of the notorious drug lord Joaquin “El Chapo” Guzman have been charged over drug trafficking by the US Justice Department. Ovidio Guzman Lopez, Jesus Alfredo Guzman Salazar and Ivan Archivaldo Guzman Salazar are known as the Chapitos – or little Chapo ‘s – and have earned a reputation as the more violent and […]
US state votes to ban TikTok for first time – but how would Montana’s law work?
Montana has passed a bill banning TikTok in the state. The state House voted 54-43 to pass the bill – which goes further than prohibitions in place in nearly half the states and the US federal government that prohibit the video-sharing app on government devices. The measure now goes to Republican Governor Greg Gianforte for […]
