Tuesday Afternoon Update: U.S. Drone-Russian Fighter Jet Crash, Banking Update, Bye-Bye ‘Forever Chemicals’?

Tuesday Afternoon Update: U.S. Drone-Russian Fighter Jet Crash, Banking Update, Bye-Bye ‘Forever Chemicals’?


This article is adapted from today’s Morning Wire Afternoon Update. To listen to the podcast version, click here.

Russian Jet, USA Drone Collide

Two Russian fighter jets were reportedly harassing a U.S. military drone over international waters on Tuesday morning when one of the fighter jets collided with the drone, forcing the drone to crash into the Black Sea. U.S. European Command said the Russians acted in an “environmentally unsound and unprofessional manner.” Details about the incident are still emerging.

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Banking Crisis Update

Fears that the U.S. banking crisis could go global intensified early Tuesday as shares of lending giant Credit Suisse dropped in value. The swiss bank delayed its annual report after it found “material weaknesses” in its balance sheet over the last two years.

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