Coast Guard to open alternate channel into Baltimore’s port

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Marketplace

News, Business

4.5 • 1.4K Ratings

🗓️ 1 April 2024

⏱️ 1 minutes

🔗️ Recording | iTunes | RSS

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Summary

The temporary channel will be open to some vessels; Texas judge blocks Biden administration’s efforts to expand fair lending rules; UPS to become USPS’s primary air shipper; Nippon Steel says U.S. Steel purchase would be beneficial.

Transcript

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0:00.0	There's progress in clearing the waterway into Baltimore's port.
0:05.6	I'm Novasafo with the Marketplace Minute.
0:08.0	The Coast Guard is opening a temporary alternate channel around the collapsed Francis Scott Key Bridge.
0:14.0	It will be available to some vessels.
0:15.6	There are size limitations.
0:17.5	Maryland's governor is asking Congress to quickly approve financial aid to build a new
0:21.3	bridge and assist affected businesses.
0:24.0	A federal judge in Texas has temporarily blocked the Biden administration effort to broaden banking
0:28.6	access in low and moderate income communities.
0:31.9	The judge said the executive branch overstepped its authority
0:34.8	when expanding the geographical areas that banks must serve.
0:38.8	UPS is dethroning FedEx as the Postal Service's primary air shipper, FedEx has been unhappy with its
0:45.2	arrangement with the post office.
0:47.6	Japan's Nippon Steel is making its case that U.S. regulators should approve its
0:51.3	deal to purchase US Steel.
0:53.6	Lawmakers and the president have expressed reservations.
0:56.8	Nippon is pledging no job cuts and says US Steel will gain advanced technologies.
1:02.1	I'm Novasafo with a marketplace minute.

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