The U.S. Federal Reserve speeds up its timeline for hiking rates and also increases its inflation guidance. Wall Street plunges into the red as a result. We hear from Man Group CEO Luke Ellis who warns that there are more ‘scary’ price prints to come over the summer. In Geneva, Presidents Biden and Putin hold ‘constructive’ talks and agree to continue the dialogue on cyber warfare and arms control. Meanwhile, Novartis CEO Vas Narasimhan tells CNBC that future pandemics are a certainty but says the Covid outbreak has taught the world some valuable lessons about preparedness.
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