Toxic: A report found that 2K+ toxic lead cables across the US (owned by telecom titans including AT&T and Verizon) could be a public-health liability. With estimated removal costs of up to $60B, telecom stocks sank.
FedFinally: The Fed launched FedNow, its long-awaited 24/7 instant-payments system, with a small # of banks and credit unions. Picture: paying rent at the last minute or having paychecks hit in real time.
Siloed: Russia ended a critical wartime deal that let Ukraine (a leading grain exporter) ship grain safely across the Black Sea. The move could threaten global food security, particularly in some African nations.
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