Make America Great Again Inc. is set to file a complaint on Wednesday with the Florida Commission on Ethics accusing Governor Ron DeSantis of violating state ethics and election laws with his “shadow presidential campaign”. The complaint alleges that DeSantis’ pro-DeSantis super PACs, book tour, and campaign contributions are unlawful and intended to influence his official decision to resign from office. The Commission is responsible for investigating and enforcing the state’s ethics laws, and will decide how to respond to the complaint.
News Mash
A US-made MQ-9 Reaper drone crashed into the Black Sea after a Russian Su-27 aircraft flew in front of it and dumped fuel, prompting a diplomatic spat between the US and Russia. The White House has condemned Moscow's actions while Russia has denied its aircraft came into contact with the drone. The US is trying to prevent the drone from getting into the wrong hands while Russia is working to retrieve the wreckage.
Credit Suisse's stock dropped to a record low after its largest shareholder, Saudi National Bank, announced it would not be increasing its investments in the company. This news caused a sell-off in the markets, with Credit Suisse's stock dropping by 25%, and Bank of America's stock trading about 3% lower. Saudi National Bank representatives cited regulatory concerns as the reason for their decision, and investors are now watching to see how the markets will react in the coming days.
Daniel P. Watson, a 28-year-old man from Pell City, Alabama, has been arrested and charged with four counts of murder in shootings across two Alabama counties. Two victims have been identified in St. Clair County, while two victims in Jefferson County were found dead in a car Monday night. Watson is being held at the St. Clair County Detention Center and the investigation into the shootings is ongoing.
The US Marshals Service has launched an interstate fugitive investigation for Roy C. McGrath, 53, the former chief of staff to former Maryland Gov. Larry Hogan, after he failed to appear in court on Monday. McGrath is facing charges of wire fraud, theft in programs receiving federal funds, and other related charges in connection with an alleged scheme to defraud the Maryland Environmental Service. The Marshals Service is now seeking to apprehend McGrath and is asking anyone with information on his whereabouts to contact their local office or submit a tip online.
Northwestern Medicine in Chicago has announced a breakthrough treatment for late-stage lung cancer, with two patients with stage IV lung cancer who had been told they had weeks or months to live now breathing freely after receiving double lung transplants. The team was able to use knowledge learned during the Covid pandemic to successfully perform the double lung transplantations, and the two patients are now recovering and expected to make a full recovery. This novel treatment could be a potential game-changer for people with late-stage lung cancer.
Russia is attempting to recover the fragments of a U.S. surveillance drone that was shot down in the Black Sea on Tuesday. Nikolai Patrushev, the secretary of Russia’s Security Council, said Russia will try to get the wreckage of the American MQ-9 drone to study it. The U.S. National Security Council spokesperson John Kirby said in a statement that the drone was operating in accordance with international law and its flight path was in no way a threat to Russia. Tensions between the two countries have been raised and the U.S. has called for an investigation into the incident.
Wall Street is facing a tumultuous week as banking woes continue to plague markets both domestically and abroad. On Wednesday, the Dow Jones Industrial Average opened with a decline of more than 500 points, while the S&P 500 and Nasdaq composite were 1.1% and 0.8% lower respectively. The losses come after the collapse of Silicon Valley Bank and Signature Bank last week, and investors are closely watching to see how the situation develops. Credit Suisse has been struggling for years, including losses it took from the 2021 collapse of investment firm Archegos Capital.