BUSINESS & MARKETS
- 📉 US markets fell across the board (S&P: -1.2%; Dow: -1.6%; Nasdaq: -0.4%). | 🌎🚚 Canada, Mexico, and China announced retaliatory tariffs against the US in response to the Trump administration’s new tariffs that took effect yesterday; Commerce Secretary Howard Lutnick said Trump will “probably” announce a compromise with Canada and Mexico as early as today that involves scaling back tariffs.
- ✈️ Southwest Airlines is closing two more crew bases as it continues a cost-cutting push; the airline recently announced its first mass layoffs in company history. | 💼 Goldman Sachs is reportedly targeting VPs in its next round of job cuts.
- 🏦 The CFPB dropped its lawsuit against JPMorgan, Bank of America, and Wells Fargo over Zelle fraud.| 🚢 A BlackRock-backed investor group agreed to a ~$23 billion deal to purchase a majority stake in CK Hutchison, the Hong Kong-based company that runs ports on either side of the Panama Canal.
SPORTS, MEDIA & ENTERTAINMENT
in partnership with Dyce Games
- 🏁 Driver Katherine Legge will make her NASCAR Cup Series debut this weekend; when she does, she'll be the first woman to compete in a Cup Series race since Danica Patrick in 2018. | 🏀 Dallas Mavericks star Kyrie Irving is out for the rest of the season due to an ACL tear.
- 🏆 Sunday night’s Oscars drew ~19.7 million viewers; slightly above last year's four-year audience high of 19.5 million.
- 🙏Carl Dean, Dolly Parton’s husband of almost 60 years, died at 82.
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SCIENCE, SPACE & EMERGING TECH
- 🚘 Waymo’s driverless vehicles are now available in Austin, TX, via the Uber app; it’s the fourth major city to feature Waymo’s services.
- 🙏🩸 An Australian man who donated blood plasma every three weeks for the past 70 years passed away at the age of 88; James Harrison had unique antibodies in his blood that saved the lives of 2+ million babies vulnerable to rhesus disease.
- 🚁🚘 Chinese EV-maker BYD unveiled a roof-mounted drone launchpad available for all models; the drone can follow a car at speeds up to ~34 mph.
MISCELLANEOUS
in partnership with Asutra
- 🏛️🗣️ President Trump delivered a ~1.5-hour-long State-of-the-Union-style address to a joint session of Congress last night. (From the Left | From the Center | From the Right)
- 🧑⚖️💧 The Supreme Court struck down EPA rules regulating the discharge of water pollution; the 5-4 decision could affect cities that sit on bodies of water, including New York, San Francisco, and Boston. | 🧑⚖️ SCOTUS also appears poised to reject the Mexican government’s $10 billion lawsuit seeking to hold US gun makers accountable for local violence, which was argued before the court yesterday.
- 🇺🇦🇺🇸 Ukrainian President Volodymyr Zelensky called last week’s White House meeting with Trump “regrettable” and proposed mutual steps with Russia towards ending their war; Zelensky also said Ukraine is ready to sign a minerals deal with the US.
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