After weeks of shortages across the country, Americans are gradually finding it easier to get their hands on at-home rapid antigen tests. That’s in large part because the Biden Administration’s massive buying spree is giving test companies the confidence to manufacture and distribute a product that, like the course of the pandemic itself, has an uncertain future.
Executives at several major test companies say that, while their production lines are ramping up, they are prioritizing orders from the federal government in order to deliver on those lucrative contracts. Because of that strategy, some other buyers—including retailers and state governments—are still finding it challenging to get enough tests to meet current demand. But supply constraints are expect…
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On the day IBM announced she’d be stepping down, exiting CEO Ginni Rometty called Arvind Krishna “the right CEO for the next era” at the company. “He is a brilliant technologist who has played a significant role in developing our key technologies such as artificial intelligence, cloud, quantum computing and blockchain,” she said.
Indeed, Krishna has spent his entire professional career at IBM. The electrical engineering doctorate, who has more than a dozen co-author credits on technology patents, started at the company’s Watson Research labs in 1990. He stayed there for nearly two decades and later serv…
Recruiters across the world are getting an unprecedented flood of calls from Credit Suisse Group AG bankers seeking new jobs as the embattled Swiss lender is set to be taken over by UBS Group AG.
From Singapore to London to New York, headhunters and rival lenders have been fielding calls over the past few days from anxious Credit Suisse staff, according to people from more than a dozen firms with knowledge of the matter.
One firm in Singapore handled questions from some 30 mostly Credit Suisse private bankers about available jobs on Monday, while another recruiter in Hong Kong has been talking to more than 20 senior investment bankers since last week, the people said, asking not to be identified discussing confidential information. Meanwhile, a firm that’s focused on m…
The San Francisco-based First Republic Bank recently became the third U.S. bank to close its doors in just two months, after the Federal Deposit Insurance Corporation (FDIC) announced that most of the bank’s assets would be acquired by JPMorgan following a weekend sale. All locations opened as JPMorgan Chase branches on Monday.
Hot on the heels of the public failures of Silicon Valley Bank and Signature Bank in March, the move might raise alarm bells for depositors on the reliability of the banking industry. However, experts say government protections safeguard most depositors in the event of a bank failure—an event that is far more unlikely than recent headlines might make it seem.
Read More: First Republic Bank Seized by Regulators and Sold…