Malls are becoming ghosts of retail past. But the left-behind real estate is being reimagined for a post-pandemic world.
Why it matters: As many as 17% of malls in the U.S. "may no longer be viable as shopping centers and need to be redeveloped into other uses," per Barclays.
The White House on Friday afternoon said President Biden plans to lift the Trump-era refugee cap by May 15.
Driving the news: The announcement follows stinging criticism from several Democrats and rights groups, who said Biden was walking back on his pledge to raise the limit. Earlier Friday, Biden signed a directive to speed up the processing of refugees, but kept the Trump administration's historically low cap of 15,000 refugees for this year.
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