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Did remote work doom SVB, March Madness money, and why the plastic water bottle industry is booming

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Ellevest CEO & Co-Founder Sallie Krawcheck tells “Nightcap’s” Clare Duffy why remote work at SVB probably wasn’t a top reason the bank collapsed. Plus, UNC Chapel Hill Associate Professor Jonathan Jensen explains why footwear companies like Nike & Adidas spend big bucks to court universities and college athletes. And plastic water bottle sales are projected to double by 2030. The National Wildlife Federation’s Mustafa Santiago Ali shares a reality check on recycling. To get the day’s business headlines sent directly to your inbox, sign up for the Nightcap newsletter: https://cnn.it/3Ilqyqa

00:00 – Welcome to “Nightcap”
00:37 – Did remote work contribute to SVB’s collapse?
05:06 – The money behind March Madness
08:51 – The plastic water bottle industry is booming

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Russia unleashes wave of deadly attacks across Ukraine

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Russia unleashed a wave of attacks across Ukraine that have left at least 13 people dead and dozens injured.

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ABC News Live Prime: June 3, 2026

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Suspect in hostage situation at California bank killed by authorities; ABC News’ Perry Rossum talks to Republican Rep. Marlin Stutzman; who made Forbes’ list of America’s Richest Self-Made Women. 
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President Trump on Iran: “We’re going to hit them” hard again today

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SpaceX launched its biggest, most powerful Starship yet

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SpaceX launched its biggest, most powerful Starship yet on a test flight on Friday, which NASA is counting on to land astronauts on the moon.

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DOJ will abide court order on Trump’s $1.8 billion ‘Anti-Weaponization Fund’

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Pres. Trump tells ABC News he will abide by the recent court ruling blocking his controversial $1.8 billion fund. It comes amid a series of setbacks for the White House.

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