Banks that are flush with cash is usually a good thing, as that generally means lots of lending, but something else is awry in the U.S. financial system. In recent quarters, big banks have detailed weaker-than-expected loan demand and have pushed out the timeline of when they predict it to bounce back. In the absence of lending, extra deposits can be costly for banks, putting pressure on their regulatory ratios and eventually requiring them to hold more capital.  The four largest U.S. banks - JPMorgan, Citi, Bank of America and Wells Fargo - amassed nearly $1T in additional deposits last year due to the scale of fiscal stimulus. Their latest earnings report also revealed that deposits collectively grew by 15% to $6.9T as of March 31, but their combined loan holdings fell 10%.

Hillsboro-based Parr Lumber is acquiring Deer Park, Washington-based Evergreen Truss & Supply.  Parr Lumber says it's expanding into the truss manufacturing market as part of its three-year plan to grow its business.  Evergreen Truss & Supply has been providing products to Eastern Washington and Northern Idaho since 1987.

Pfizer made $3.5bn from Covid-19 vaccine sales in the first quarter and boosted its full-year expectations for revenue from the jabs to $26bn from $15bn as it reported its quarterly earnings on Tuesday. The pharmaceutical company, which splits its Covid vaccine profits with its development partner BioNTech, raised its overall full-year revenue guidance to up to $72.5bn from $61.4bn, mainly due to contracts signed for the delivery of 1.6bn doses in 2021.