Five stories to know for March 31: The third day of the Derek Chauvin trial, Biden kicks off effort to reshape the U.S. economy with an infrastructure package, New York passed a bill to legalize adult use of marijuana, an investigation begins into how the ship got stuck on Suez Canal, and in the Archegos fire sale, Credit Suisse and Nomura are burned by a slow exit.
1. A Minneapolis firefighter whose offers of medical aid to George Floyd during his deadly arrest last May were rebuffed by police was due to return to the witness stand on Wednesday in the trial of Derek Chauvin.
2. President Joe Biden will call for a dramatic and more permanent shift in the direction of the U.S. economy with a roughly $2 trillion package to invest in traditional projects like roads and bridges alongside tackling climate change and boosting human services like elder care.
3. New York lawmakers passed a bill to legalize adult use of marijuana, which will make it the 15th state in the United States to allow recreational use of the drug.
4. Formal investigations into how the giant container ship Ever Given ran aground in the Suez Canal, shutting down shipping in the major global waterway for almost a week, begin.
5. While banks including Goldman Sachs, Morgan Stanley and Deutsche Bank were able to exit their trades with Archegos Capital relatively unscathed, Credit Suisse and Nomura have been burned in the fire sale.
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