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

This text is tailored from at the moment’s Morning Wire Afternoon Replace. To take heed to the podcast model, click on right here.

Russian Jet, USA Drone Collide

Two Russian fighter jets had been reportedly harassing a U.S. army drone over worldwide waters on Tuesday morning when one of many fighter jets collided with the drone, forcing the drone to crash into the Black Sea. U.S. European Command mentioned the Russians acted in an “environmentally unsound and unprofessional manner.” Particulars concerning the incident are nonetheless rising.

Banking Disaster Replace

Fears that the U.S. banking disaster might go world intensified early Tuesday as shares of lending big Credit score Suisse dropped in worth. The swiss financial institution delayed its annual report after it discovered “material weaknesses” in its steadiness sheet over the past two years.

Right here’s what Each day Wire Senior Editor Cabot Phillips advised Morning Wire’s Afternoon Replace podcast:

Shares within the Zurich-based worldwide monetary big dropped almost 5% in pre-market buying and selling, an all-time low. As of this afternoon, the inventory did bounce again a bit, however continues to be down by 1.5%. The financial institution tried to reassure markets Tuesday and does have a brand new government crew, however has not been capable of shake long term monetary issues. Financial institution shares have been hammered since final week’s collapse of Silicon Valley Financial institution and the smaller, New York-based Signature Financial institution.

Feds Investigating SVB?

The Division of Justice and the SEC are actually investigating Silicon Valley Financial institution’s collapse, in addition to actions that had been taken by banking executives within the days main as much as its collapse, in accordance with one report. Each day Wire reporter Tim Pearce broke it down on Afternoon Replace:

Federal authorities are reportedly investigating the financial institution — however the particulars stay murky. Now, probes like this are customary after a monetary establishment collapses, and it’s not sure that any felony fees might be filed. That mentioned, investigators might take a look at any suspicious inventory trades earlier than the collapse, or if the financial institution misled traders about its monetary well being. Some studies have identified a collection of trades made by the financial institution’s c-suite leaders, similar to former chief government Gregory Becker. He offered about $3 million-worth of shares in late February earlier than the collapse.

Google’s AI Passes Medical Licensing Examination

Google’s new synthetic intelligence mannequin, often called Med-PaLM 2, carried out at “expert” stage within the U.S. Medical Licensing Examination. Each day Wire Deputy Managing Editor Eric Quintanar reported:

Google’s AI mannequin scored an 85% accuracy on a U.S. Medical Licensing Examination observe check — which is the very best rating ever recorded by an AI mannequin. An earlier model of this expertise earned a 60% on that very same check. The examination featured each a number of alternative in addition to open-ended questions. A physician with Google Well being advised the medical information outlet MedPage that the true good thing about AI might assist physicians and medical workers save time, thereby permitting medical doctors to spend extra in-person time with sufferers. The beautiful AI outcomes had been introduced Tuesday.

Ohio Pronounces Lawsuit Towards Norfolk Southern

Ohio’s Legal professional Common introduced a lawsuit at the moment in opposition to Norfolk Southern, the corporate whose prepare derailment led to the discharge of hazardous chemical substances in the neighborhood of East Palestine. The Environmental Safety Company is implementing Norfolk Southern’s cleanup and is monitoring the consequences of the derailment and chemical launch.

Bye-Bye Perpetually Chemical substances?

The Environmental Safety Company unveiled its first proposal to ban “forever chemicals” or poly-fluoroalkyl substances, also referred to as PFAS, from ingesting water nationwide. The brand new rule would require water programs to watch and notify the general public about six “forever chemicals” whereas setting the restrict for such substances a lot decrease than it’s at the moment.

The proposal now strikes to public remark earlier than the finalization course of.

Mitch McConnel Replace

Senate Minority Chief Mitch McConnell (R-KY) was launched from the hospital late Monday afternoon after struggling a fall final week.

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