As if the global economic condition were not severe enough after months of devastating impacts wrought by the COVID-19 pandemic, investors are warning that the possible collapse of a major Chinese real estate development company named Evergrande could trigger a liquidity crisis similar to the one that occurred in late 2008, leading to a multi-year global recession.
The US Senate has passed its National Defense Authorization Act (NDAA) military spending bill for the fiscal year of 2022, setting the budget at an astronomical $778 billion by a vote of 89 to 10.
Newsweek review of financial filings in Congress has found that lawmakers who are driving legislation to protect Uyghurs in China are also invested—either directly in the form of stocks, or indirectly via mutual funds—in major companies tied to the oppression in Xinjiang.
The Biden administration has given border officials the green light to fill in some of the gaps in unfinished Trump-era wall projects, as well as resolving environmental issues and cleaning up remaining construction sites nearly a year after activity was halted.
Pfizer is about to buy Arena Pharmaceuticals for $6.7 billion. Arena is a biopharmaceutical company focused in part on cardiovascular and inflammatory medicines to a global patient cohort.
New York University, which often leaves graduates with large sums of debt, recommended that students eat fewer meals to save money, according to The Wall Street Journal.
