Research projects: Three innovative health care research projects have been awarded $60,000 in pilot funding by the Baton Rouge Health-Tech Catalyst, a Baton Rouge Health District initiative. The winning projects, which include research into patient experiences, precision therapy and noninvasive treatment of uterine fibroids, were pitched during an event last week. Read more.
Bank executives: Executives from two large U.S. banks that failed dramatically in March appeared in front of the Senate Banking Committee today to respond to questions about why their banks went under and what regulators could have done to avoid the calamities. Along with questions about how these banks failed, senators used the hearing to also address executive pay. Read more.
Looking up: Homebuilders are getting a big boost from the lack of existing homes for sale, and that appears to be outweighing some of the challenges they’re facing from financial markets. Builder confidence in the market for newly built single-family homes rose 5 points in May to 50, according to the National Association of Home Builders/Wells Fargo Housing Market Index. Read the full story from CNBC.
