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Livesquawk - Closing Wrap - Monday 03.05
Closing Wrap - Monday 03.05
Headlines
  • US Treasury Expects To Issue $463 Bln In Net Marketable Debt
  • Fed's Williams: Strong Growth Not Enough To Affect Monetary Policy
  • White House Backs Pfizer’s Move To Begin US Vaccine Exports
  • Brazil Health Authority Doubts Efficacy Level Of Sputnik V Covid-19 Vaccine
  • Japan, US, South Korea Eye Foreign Ministerial Talks Wednesday
  • Sony Is Working To Integrate Discord Into PlayStation Consoles
  • eBay Says Open To Accepting To Cryptocurrencies In Future, Exploring NFTs
  • Apple Faces Down ‘Fortnite’ Creator Epic Games In Major Antitrust Trial
Commentary
Yellen To Appoint Senior Fed Official To Run OCC

Treasury Secretary Janet Yellen plans to appoint one of the Federal Reserve’s top big-bank supervisors to become the acting comptroller of the currency, overseeing the country’s largest financial firms, according to a person familiar with the matter.

 

Ms. Yellen is expected to name Michael Hsu, associate director of the Fed’s bank supervision and regulation division, as first deputy comptroller, the person said. After joining the Office of the Comptroller of the Currency, Mr. Hsu would then become acting comptroller.

 

Ms. Yellen is expected to make the announcement in the coming weeks. Blake Paulson, the current acting comptroller, will remain at the agency as a deputy comptroller and chief operating officer, the person said. (WSJ - Continue Reading)

White House Backs Pfizer’s Move To Begin US Vaccine Exports

The Biden administration will support Pfizer Inc.’s move to begin exporting U.S.-made doses of its coronavirus vaccine, as the White House starts to unleash U.S. production for shot-starved nations abroad.

 

“We are glad to see that they are working with other countries to help them meet their supply needs,” Jeff Zients, President Joe Biden’s Covid-19 response coordinator, told Bloomberg News in a statement. He said the company is ahead of schedule in its commitments to supply the U.S.

 

The governments of Mexico and Canada said last week that they expected to begin receiving doses of Pfizer’s vaccine from the U.S., the first time the company’s U.S.-made shots are known to have been delivered to any buyer other than the American government itself.

 

Zients’s statement is the first indication that the Biden administration won’t stand in the way of the exports. Pfizer did not immediately respond to a request for comment on Monday. (Bloomberg - Continue Reading)

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