A jury sided with actress Gwyneth Paltrow on Thursday in a civil trial centered around a 2016 ski collision involving a retired optometrist at Deer Valley Resort in Park City, Utah.
Details: The eight jurors came to their verdict nearly two hours after attorneys made their closing arguments on the eighth and final day of the case.
Silicon Valley Bank's employees were greeted on a Monday morning conference call by deep southern accents welcoming them to First Citizens Bank, the 125-year-old North Carolina firm that had just absorbed the failed institution.
Why it matters: After a protracted FDIC-managed auction process, SVB’s commercial and private banking businesses were finally sold, ushering the 40-year-old Northern California bank into a new chapter.
The nation's leading dollar store chains have been a refuge for consumers seeking relief from inflation, but behind the scenes their operations have been accused of widespread safety issues.
Why it matters: With a total of more than 35,000 stores in North America, rival chains Dollar General and Dollar Tree, with its Family Dollar segment, are omnipresent in the retail landscape.
Residents of a Minnesota town were under an evacuation order for at least seven hours Thursday after a train hauling ethanol and corn syrup derailed and caught fire, according to local officials.
Why it matters: The derailment comes as Congress is weighing rail safety reforms stemming from a separate train derailment last month in East Palestine, Ohio, which prompted evacuations and lingering health concerns for residents.
Illumina nearly avoided its fight with Carl Icahn via an agreement that would have put one nominee of the veteran activist on the company's board, according to its preliminary proxy filing on Thursday.
Driving the news: Talks broke down due to Icahn wanting two seats, as well as additional demands.
The original "Top Gun" will be added April 1, along with classic films including "Titanic," "The Breakfast Club" and "Forrest Gump."
Disney+
"The Mandalorian" released its fifth episode of season three on Wednesday. The show started off on rocky footing given its slight storyline shifts.
The "Star Wars" show returns for its sixth episode next week.
"The Crossover" is a new original Disney+ series about two teenage brothers looking to become basketball stars.
Available: April 5
HBO Max
"Succession" will be back with the second episode of the show’s final season. The premiere received stunning reviews from critics and gripped fans who couldn’t look away from the family’s drama and betrayal.
Available: April 2
"Royal Crackers" — an Adult Swim animated series that pokes fun at "Succession" — will be available April 3.
Hulu
Get into the wedding season with "Bridesmaids" and "Father of the Bride," which are available for streaming beginning April 1.
Iconic films like "Lincoln," "Moulin Rouge" and "Shrek" are also streaming now.
Netflix
"The Bubble" is a new Netflix movie from Judd Apatow about a fictional cast and crew trying to shoot a blockbuster film sequel while quarantining inside a luxury hotel.
Available: April 1
The fifth season of "Better Call Saul," which aired late last year, is now available.
Peacock
WWE WrestleMania 39 will be streaming live Sunday night, with WWE champion Roman Reigns defending his title after holding the belt for almost 1,000 days. The marquee pro wrestling event comes as WWE deals with internal drama surrounding its chairman Vince McMahon, who recently returned to the company following his disgraced exit last year.
The Biden administration urged regulators on Thursday afternoon to update regulations on regional banks, including some that were loosened during the Trump era.
Why it matters: The White House and others have blamed looser regulations for the collapse of Silicon Valley Bank and Signature Bank earlier this month.
Axios gathered hundreds of business leaders and policymakers at the second annual What's Next Summit on Wednesday with the goal of cracking the code on the future of business, entertainment and travel.
Why it matters: There was a lot of chatter around artificial intelligence, the evolution of corporate culture and the return of events — all issues that are spearheaded by or directly impact the work of communicators.
At Pfizer, Sally Susman's team has used the power of communications to rebrand the organization, roll out a highly politicized — yet lifesaving vaccine — and now they're embarking on what she calls the "moon shot 2.0" to advance the battle against cancer.
Why it matters: Susman is one of the few communicators to successfully position her team as trusted partners and key strategic assets.
In the months before the crisis triggered by Silicon Valley Bank's failure, lenders were already tightening their standards; nevertheless, the economy remained robust with solid growth and a booming job market — and there may be an explanation why.
Why it matters: Extra cash sloshing around the economy — a legacy of pandemic-era stimulus and high savings rates — may have helped blunt spillover from tighter lending standards.
The huge risk is that may not be repeated as the stockpile built up over the pandemic runs down. That sets up the possibility of a dwindling cushion, as banks pull back on lending in the wake of the SVB collapse.
Treasury Secretary Janet Yellen plans to deliver a wide-ranging speech on financial stability Thursday, offering warnings about the risks in the banking system and beyond.
Driving the news: Yellen's speech, as she accepts an award at the National Association of Business Economics named for her fellow one-time Fed chair Paul Volcker, will particularly focus on the risks posed by money market mutual funds, hedge funds and stablecoins, according to a prepared text released by the Treasury department.
Men in Blazers, the sports media company born out of the viral soccer podcast with the same name, is bringing on Fabrizio Romano — one of the most popular sportscasters in the world — to host a new podcast for its network.
Why it matters: The new show is a part of a global expansion of Men in Blazers' media business.
Venture capital firm EQT Life Sciences yesterday announced the close of its debut LSP Dementia Fund, with €260 million in capital commitments.
Why it matters: This is the first dementia-focused fund ever raised entirely by a European VC firm, although there was an earlier one in 2013 that was partially formed and funded by various governments.
Private equity firm Antin Infrastructure Partners and Sweden's Scandinavian Enviro Systems have formed a joint venture, backed by tire giant Michelin, to launch a large-scale European tire recycling group.
Why it matters: An estimated 1 billion tires reach the end of their lives each year, the vast majority are tossed into landfills.
A bestselling fantasy author has moved some of his recent projects off Audible, Amazon's industry-dominating audiobook platform, because, he charges, "they treat authors very poorly."
What's happening: Brandon Sanderson — an industry heavyweight with 15 New York Times bestsellers, including multiple #1 spots — is the first author of his stature to publicly challenge Audible. His book “Oathbringer” was the most pre-ordered book of all time on that service.
Stress is growing in the commercial property market.
Why it matters: Everyone is watching commercial property, given how reliant it is on some of the same regional banks that have been under pressure since the collapse of Silicon Valley Bank.
The collapse of Silicon Valley Bank was about ESG — the now-controversial moniker for Environmental, Social and Governance measures — just not in the way that critics have portrayed it.
Why it matters: The bank's undoing had everything to do with the "G" in the acronym (i.e. governance, or how a business manages itself).
CNN's Jake Tapper tells Axios that Bob Woodward and Carl Bernstein are "integral to the plot" of his new political thriller, "All the Demons Are Here" — set in Montana and D.C. in 1977, and coming July 11.
Driving the news: "One of the first scenes is in the Senate dining room, where we see Woodward, Bernstein, freshman Senator Jack Danforth," Tapper says.
Recent threats to some of the nation’s oldest Chinatowns in Philadelphia, San Francisco and New York City have raised concerns about displacement for Asian Americans who see Chinatown as both a symbol of their resilience and a place to protect in the wake of anti-Asian hate.
Why it matters: Chinatowns have served as an ethnic and cultural marker since Chinese immigrants first arrived in the U.S. But many are decreasing in size — or completely disappearing — amid urban development and gentrification as cities look to maximize profit in their downtown centers.
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