News Snapshot:
Good morning, Quartz readers! Here’s what you need to know All is not well at PacWest. The US regional bank stock fell 50% after it announced that it is exploring a sale among other ways to raise capital. Advertisement The US Federal Reserve raised rates again. Regulators left some room for doubt on whether the 25 basis-point hike will be the last one for now. The Federal Trade Commission wants to stop Meta from profiting off minors’ data. The agency proposed a ban on the monetization of underage users’ data, even after they turn 18. Eli Lilly said its new...
