Bloomberg Business

The shocking collapse of Silicon Valley Bank rippled across California Friday to industries far beyond the technology community that it played a major role in shaping.

A Texas man who says his ex-wife used an abortion pill without his knowledge is suing three women who allegedly helped her, invoking the state’s wrongful-death law in what may be the first case of its kind.

Silicon Valley Bank Chief Executive Officer Greg Becker sold $3.6 million of company stock under a trading plan less than two weeks before the firm disclosed extensive losses that led to its failure.

SVB Financial Group’s Canadian unit doubled the size of its loan portfolio last year as it sought to capitalize on the growth of the country’s technology sector, regulatory filings show.

A top adviser to Senate Minority Leader Mitch McConnell said the seventh-term Kentucky lawmaker is “doing well” and hopes to be released soon from a Washington-area hospital where he’s being treated for a concussion.

Roku Inc. tumbled in extended trading after saying that 26% of its cash is being held by the failed Silicon Valley Bank.

Chancellor of the Exchequer Jeremy Hunt will announce £20 billion ($24 billion) for domestic carbon capture projects over the next 20 years in his budget next week, as the UK seeks to hit its net zero targets and spur green jobs.

The US and European Union are seeking a preliminary agreement on the supply of so-called critical minerals used in electric vehicles, a step toward Washington’s efforts to reduce the global reliance on China for materials necessary for green-energy technologies.

Biotech companies are racing to assess the damage from the failure at SVB Financial Group, the latest issue facing many of the startups in search of cash.