Jun 13, 2017

North Korea releases imprisoned American student

Kim Kwang Hyon / AP

Secretary of State Rex Tillerson announced this morning that American student Otto Warmbier, who attended UVA, was released from North Korea, per the AP.

Think back: Warmbier was imprisoned by North Korea last March after stealing a propaganda poster from his hotel while in the country on vacation. He was sentenced to 15 years in a hard labor camp.

More news: The Washington Post reports that Warmbier is currently in a coma and being medically evacuated. North Korea claims that he contracted botulism shortly after his trial last year and never woke up after being given a sleeping pill.

Worth considering: Former NBA star and noted Kim Jong-Un pal Dennis Rodman headed to North Korea yesterday, but WaPo's Anna Fifield calls the timing a "bizarre coincidence" and "perhaps a deliberate attempt by North Korea to distract."

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Fed temporarily lifts Wells Fargo's growth restrictions

Photo: Streeter Lecka/Getty Images

The Federal Reserve said Wednesday it will temporarily lift Wells Fargo’s growth restriction put in place following the bank’s customer abuse scandals.

Why it matters: One of the nation's biggest lenders said the Fed's asset cap prevented it from lending more to struggling small businesses as part of the government's aid package. Now Wells Fargo says it will reopen its application process and lend to a broader set of business owners.

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Coronavirus dashboard

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  1. Global: Total confirmed cases as of 2 p.m. ET: 1,464,852 — Total deaths: 85,397 — Total recoveries: 315,105Map.
  2. U.S.: Total confirmed cases as of 2 p.m. ET: 402,923 — Total deaths: 13,007 — Total recoveries: 22,717Map.
  3. State latest: New York Gov. Andrew Cuomo issued an executive order for New Yorkers to vote by absentee ballot for June 23 primaries.
  4. Federal government latest: The U.S. has begun to see "glimmers of hope" despite its highest recorded number of deaths in 24 hours, Dr. Anthony Fauci said.
  5. Business updates: Roughly one-third of U.S. apartment renters didn't make April payments — The Fed will lift Wells Fargo's asset cap to help small business lending.
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