finance.yahoo.com Market update
How extreme heat wave is threatening Italy's $300M cheese bank loans
Yahoo Finance reporter Jake Conley explains how extreme heatwaves in Europe are threatening Italian 'cheese banks' by driving up cooling costs for warehouses holding $300 million worth of Parmigiano Reggiano collateral, illustrating the broader impact of climate risk on commodities markets. Video Transcript 00:00 Speaker A I was not aware uh that cheese could be used as collateral …