The most significant takeaway was the vaccine initiative - where US developed vaccines would be manufactured in India and supplied to countries in the Indo-Pacific-Japan and US will finance this initiative and Australia would be supporting it as well. CNBC-TV18 learns that this initiative will address the demand supply gap in Indo-Pacific.

Oil prices fell on Wednesday after a large jump in U.S. crude inventories in the aftermath of last month's Texas winter storm, but price declines were limited due to an upbeat forecast for global economic recovery.

America is coming back, Biden said in his maiden prime time address to the nation on Thursday on the 50th day of his presidency.

The Biden government’s American Rescue Plan, which gained the US House’s stamp of approval on Wednesday covers a wide range of issues