US readies 'material action' to cut losses from SVB collapse

US readies 'material action' to cut losses from SVB collapse

FILE PHOTO: U.S. President Joe Biden delivers remarks during a signing event for the CHIPS and Science Act of 2022, on the South Lawn of the White House in Washington, U.S., August 9, 2022. REUTERS/Evelyn Hockstein/File Photo

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