Michael Harriot, columnist at The Root, discusses the legalization of recreational marijuana in California and what that means for decriminalization and Black America.
Harriot talks what legalization means for those who have already been convicted of marijuana possession. He weighs in on how legalization can help with injustices with police and African Americans. He talks about what tax revenue will do for communities of color, including giving money back to schools with low-income children.
Depositors withdrew savings, and investors broadly sold off bank shares as the federal government raced to reassure Americans that the banking system is secure following two bank failures.
Pfizer has entered a $43 billion merger agreement with biotechnology firm Seagen in a deal designed to bolster the pharmaceutical giant's efforts to fight cancer
The second-largest stablecoin — a cryptocurrency that is pegged to a fiat currency — USCD depegged from the dollar, hitting an all-time low of around 88 cents over the weekend.
The Treasury Department, Federal Reserve, and Federal Deposit Insurance Corporation said all depositors at the failed Silicon Valley Bank could access all their money quickly, even as another major bank was shut down.
