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California

Hollywood strikes

The writers, often considered the backbone of Hollywood, say they face an existential threat. The Writers Guild of America, which has nearly 12,000 members, said they had talked to production companies for the past six weeks but had made no headway.

US regulators shut down Silicon Valley Bank

Silicon Valley Bank collapsed after a stunning 48 hours in which a bank run and a capital crisis led to the second-largest failure of a financial institution in US history.