Closing Bell Overtime: Keith Rabois On Role In Silicon Valley Bank Collapse; NBER Director Charles Dallara On Calls For More Banking Regulation 3/29/23
Founders Fund was fingered in the days after Silicon Valley Bank\u2019s collapse as a possible accelerant for the failure. General Partner Keith Rabois talks why that wasn\u2019t the case, why TikTok should be banned in the US and why researchers should not pause AI experimentation. Meanwhile stocks closed near session highs as the averages shook off Tuesday\u2019s declines. Axonic Director of Research Peter Cecchini talked the market action and Loop Capital\u2019s Anthony Chukumba gave instant reaction to RH\u2019s earnings. Jon Fortt walks through why Intel had its best day since November and NBER Director Charles Dallara talks calls for more banking regulation. Our Kate Rogers reports on former Starbucks CEO Howard Schultz time in front of Congress today and Meg Tirrell analyzes the lack of generic drugs on the market. Plus, Macquarie\u2019s Tim Nollen on Q2 opportunities in the communication services sector.