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Senate confirms Biden's first judicial nominee as Schumer vows to restore "balance" to courts

The Senate voted 66-33 on Tuesday to confirm Julien Xavier Neals to be U.S. District Judge for the District of New Jersey.

Why it matters: Neals is President Biden's first judicial nominee to be confirmed, as Democrats begin a push to "restore the balance" of the courts after the GOP-led Senate confirmed a record number of conservative judges under former President Trump.

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How Softbank's VisionFund rode the pandemic to an $8 billion net profit last quarter

SoftBank's Vision Fund went from being in the red, with an annual operating loss of $18 billion at one point, to an $8 billion net profit in its most recent quarter — thanks in no small part to the past year's unexpected events.

Why it matters: While the Vision Fund's bet on a global shift to digital services is likely correct, it's hard to believe its financial performance would have rebounded so quickly had 2020 gone differently.

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