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JP Morgan Chase has won a bid to acquire the majority of assets and assumes certain liabilities of First Republic Bank

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Multiple banks submitted final bids last night to buy San Francisco based lender First Republic Bank in an auction by us regulators.

The Federal Deposit Insurance Corporation, or FDIC, asked up to six banks, including JP Morgan Chase co., PNC Financial Services Group in.., and Bank of America to place bids after gauging interest late last week. Shares of First Republic plummeted last week following news that customers had withdrawn $102 billion since last month, as it grappled with holding fixed rate mortgages with low interest rates.

First Republic is mostly in the business of lending to homeowners, and for the most part, to individuals with very high credit scores. Almost 60 percent of its loans were single-family mortgages. In March, 11 banks, including JP Morgan, deposited $30 billion into First Republic to shore up its finances. Following the drop in stock price, the company’s market value has fallen to $650 million.

The agreement was reached and announced before US stock markets opened this morning.

~United Network News

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New Campaign Aims to Arm Parents, and Children with Essential Online Security Knowledge

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In an increasingly digital world, taking time to understand the safety features and terms of children’s online technology can help protect them and establish healthy screen time boundaries. Many telephone company websites now have sections with safety tips and recommendations for parents on handling the issue of what is or isn’t acceptable online and how much media time is enough.

They give details of the built-in parental controls that exist on many devices and apps to manage screen time, block inappropriate content, and monitor who youngsters are talking to online. There is often advice, from experts who are also parents, on alerting youngsters to the risks of giving too much personal information to strangers online with the help of these free resources, adults can help children develop safe and healthy tech habits that will last a lifetime.

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Burdock Root is a Potent Antioxidant with Remarkable Blood-Purifying Properties, Offering Numerous Health Benefits

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Burdock root is a powerful ally in promoting liver health and overall well-being. With its profound root system, this exceptional plant revitalizes the liver by reinstating its essential grounding function, important for fighting pathogens and toxins. It plays a vital role in softening the liver when it becomes dense, assisting in the reduction of cysts, and adhesions, and repairing scar tissue. Burdock root excels in detoxifying the core of the liver and ridding it of toxic hormones introduced by external sources such as metals and plastics.

Rich in trace minerals and vitamins, Burdock root also enhances the lymphatic system and blood, supporting white blood cells in their critical role. For incorporating burdock root into daily life, options include drinking Burdock root tea, adding fresh root to vegetable juices, or snacking on raw sticks, similar to carrots. These methods ensure direct absorption of its nutrients and benefits, making burdock root a versatile and potent addition to health routines.

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New Study Reveals Cat’s Purring Positively Improves Mental and Physical Well-being

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Cats are fascinating creatures with a long history of companionship and affection towards humans. They have captivated the hearts and minds of people with their grace, agility, and unique personalities. The vibrations produced during a cat’s purring have scientifically been linked to numerous health benefits, like healing infections and reducing inflammation.

Besides lowering stress and anxiety, research has shown they offer pain relief and reduce heart attack risk. A cat’s purr also triggers the release of endorphins in humans, which is why cuddling up with a purring feline can feel so blissful and calming. Owning a cat can lead to improvements in the physical and mental health of their owners. This bond between cats and their human companions enriches our lives and offers a natural form of therapy through the simple act of purring.

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