⚡ MARKET RECAP → Dow bounces 500 points to start the week as oil prices fall back to $95 a barrel

💊 Medicine Supply Squeeze → A possible closure of the Strait of Hormuz could eventually hit U.S. pharmacies. Nearly half of American generic prescriptions come from India, which relies on oil and shipping routes tied to the strait. If disruptions continue, supply chains could tighten and some medications may face shortages within weeks.

🚗 Parking Tax Proposal →New York City is considering a parking tax to help close a multibillion-dollar budget gap. Mayor Zohran Mamdani is weighing new revenue options as the city faces a projected $5.4B deficit, with officials debating whether drivers, property owners, or high-income residents should shoulder the costs.

Was this email forwarded to you? Sign up for free here.

For the week beginning March 16, 2026

🚢 Hormuz Disruption Hits Pharma Supply Chains: A potential closure of the Strait of Hormuz could disrupt the supply of generic medicines to the U.S. The conflict threatens a key global shipping route used for energy and trade, and supply-chain experts warn the ripple effects could eventually reach American pharmacies.

💊 India Link Creates Risk for U.S. Prescriptions: Nearly half of all generic prescriptions in the U.S. come from India, tying American medicine cabinets to global shipping lanes. India relies heavily on oil shipments that move through the Strait of Hormuz to power drug manufacturing, meaning disruptions could raise production costs and slow output.

⏳ Shortages Could Appear in Weeks: Drugmakers and distributors currently hold roughly 30–60 days of inventory, buying time before shortages appear. But shipping delays and soaring freight costs could tighten supplies of common medications like antibiotics and diabetes drugs within weeks if the conflict persists.

🏙️ NYC Searches for Revenue: New York City Mayor Zohran Mamdani is considering new revenue measures—including a parking tax—as the city faces a multibillion-dollar budget gap. Officials say the proposed tax on parking could help generate funds to offset the city’s growing fiscal pressures while avoiding deeper spending cuts or broader tax hikes. The plan comes amid negotiations over how to close a projected $5.4 billion deficit in the city’s budget.

💰 Budget Pressure Builds: City leaders warn the deficit could force difficult decisions if new revenue isn’t found. Mamdani has pushed for higher taxes on the wealthy and corporations to fill the gap, arguing that the city needs additional funding to maintain public services and programs. If those measures fail to pass in Albany, the administration has warned other taxes—such as property or parking—may need to rise.

⚖️ Debate Over Who Pays: The proposal is already fueling debate over fairness and economic impact. Supporters say a parking tax would target drivers and congestion in a dense city, while critics argue it could increase costs for residents and businesses already facing high living expenses. The idea highlights the balancing act facing City Hall as leaders try to stabilize finances without hurting the city’s economy.

Trump-Xi China summit may be delayed if Trump wants to stay in Washington for Iran war: Bessent (CNBC)

op Wall Street analysts are bullish on these 3 dividend-paying energy stocks (CNBC)

Barclays’ model shows AI spending cycle is far from peak. That means Nvidia shares are too cheap (CNBC)

_{^{Investment advisory services provided by ML Wealth LLC. Investment Accounts Are Not FDIC Insured • No Bank Guarantee • Investments May Lose Value. For important information and disclosures relating to the MoneyLion Investment Account, see Investment FAQs, Form ADV Brochure, and moneylion.com/investing. Funded managed investing accounts are subject to a monthly account fee of $1 (for accounts valued up to $5,000), $3 (for accounts valued over $5,000, and up to $25,000), or $5 (for accounts valued over $25,000).}}

<sub><sup>This advertising email was sent to you because you have a MoneyLion account. If you would like to unsubscribe, please do so using this link. We respect your right to privacy. Please do not reply to this email with sensitive information, such as an account number, Social Security number, date of birth, bank account information, PIN, password, or Online ID. The security and confidentiality of your personal information is important to us. If you have any questions or want to read more, please visit our Help Center.

MoneyLion and Pathward do not provide, nor do they guarantee, any third-party product, service, information, or recommendation. The third parties providing these products or services are solely responsible for them, as well as all other content on their websites. MoneyLion is not liable for any third party’s failure with regard to those advertised products, services, and benefits. These advertised products and services may not be FDIC insured or bank-guaranteed, and may be subject to a different privacy policy than MoneyLion’s. You should check individual offers, products, and services to become familiar with any applicable restrictions or conditions that may apply. MoneyLion may receive compensation from third parties for referring you to the third party, their products or to their website.

The influencer, creator and other content provided in the MoneyLion App (“Content”) is for informational and entertainment purposes only and should not be construed as legal, tax, investment, financial, or other advice. All Content is intended to be of a general nature, does not address the circumstances of any particular individual or entity, and may not constitute a comprehensive or complete statement of the matters discussed. MoneyLion is not a fiduciary by virtue of any person’s use of or reliance on the Content. You should consult an appropriate professional if you require any legal, tax, investment, financial or other advice. Terms and Conditions for our subscriber referral can be found here.</sup></sub>