Top officials in the United States want to seize the assets to help support Ukraine, though some bankers and European officials are worried that simply taking the assets would create a dangerous precedent.
The funding bill was a long shot, but far-right U.S. representatives said it didn’t go far enough in promoting their priorities, including border security and defunding investigations into Donald Trump.
Asian shares started cautiously on Monday in a week packed with economic data and central bank meetings, along with earnings from the tech giants that have kept the S&P 500 afloat so far this year. Early action was sluggish in the wake of Friday's surprisingly strong surveys of business activity which reinforced the case for higher interest rates.
The Biden administration in June dropped its requirement that people arriving in the country by air must test negative for COVID-19 but has not lifted Centers for Disease Control and Prevention (CDC) vaccination requirements. Gilead's breast cancer drug gets U.S. FDA approval for third indication Gilead Sciences said on Friday the U.S. Food and Drug Administration had greenlighted the use of Trodelvy for a third indication, providing another treatment option for patients with the most common type of breast cancer.
The Denver-based 10th U.S. Circuit Court of Appeals ruled that under last year's Supreme Court's decision, jurors were wrongly instructed on how to determine whether Shakeel Kahn knowingly prescribed powerful drugs in an illegal manner. U.S. House plans vote to end foreign air traveler COVID vaccine mandate The U.S. House of Representatives plans to vote next week on a bill that would end a requirement that most foreign air travelers be vaccinated against COVID-19, Majority Leader Steve Scalise said on Friday.