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The US, and the know-how sector which have been amongst its biggest customers, face another Lehman Brothers moment with the failure of SVB. Wall Street closed mixed, holding a bit firmer following its three-week losing streak. The S&P 500 rose 0.7% Monday as features for Tesla, Microsoft and other Big Tech stocks lifted the index. The generic drug maker Teva Pharmaceuticals agreed Monday to pay $225 million to settle price-fixing costs associated to sales of a extensively used cholesterol-lowering drug.
U.S. inventory index futures superior on Tuesday as optimism round a keenly-awaited earnings report from Nvidia kept megacap development shares on a robust footing, while a slide in the 10-year authorities bond yield also boosted equities. In recent weeks, the United States has witnessed a surge in carbon seize funding, with major players within the power sector making vital moves. The national average …