Ukraine's Richest Man Speaks Out | Chelsea FC's Unsure Footing | Rise Of The Stock Splits

Plus: Covid-19 Has Pushed Americans Back To Grandma’s Kitchen Where Meatloaf, Not Beyond Meat, Is On The Menu

Good morning.

Ukraine’s richest man Rinat Akhmetov has put his business to the service of fellow Ukrainians resisting the Russian army. We’re also covering how sanctions against Roman Abramovich affect his soccer team Chelsea FC and whether tech giants like Google and Amazon's stock splits decisions are setting a new trend. Finally, we look at how the Covid-19 pandemic changed Americans’ eating and cooking habits.

In The News Today

G7 nations and the European Union will reportedly move to revoke Russia’s “most favored nation” status, which would make it easier to impose tariffs on the country’s goods. Follow our live blog for the latest news on Russia’s invasion of Ukraine and its repercussions. 

The true death toll of the Covid-19 pandemic is likely much higher than the official count, according to a new study published in the Lancet medical journal.

Top Take-Aways

Ukraine’s richest person Rinat Akhmetov’s net worth has more than halved since Russia invaded last month. The businessman doesn’t seem too bothered—he told Forbes Ukraine his focus is on helping his employees and his country however he can.

Ukrainian telecoms provider Triolan appears to have been targeted by a cyberattack that was one cause of severe internet outages in the country this week. But hackers in the cyber war against Russia are also claiming a big hit: a huge trove of files stolen from the Kremlin’s censorship agency, Roskomnadzor.

The U.K. government's sanctions on Russian billionaire Roman Abramovich blocked the sale of his Premier League team Chelsea FC. The future of the world’s seventh most valuable soccer team now looks more uncertain than ever.

Amazon became the latest mega-cap tech giant to announce a stock split this week, and with shares rising on the news—much like Google-parent Alphabet after its split last month—experts predict this could become a growing trend.

Shares of Rivian dropped further on Thursday as the electric vehicle maker announced its results. The California-based company reported $2.5 billion in losses in the fourth quarter as computer chips, components and raw materials supply chain challenges limited its production capacity.

Alexis Ohanian realized last year that founders are increasingly looking to bring on investors with specific skill sets to compliment their VC backers. Spotting an opportunity, his fund 776 has launched a cohort of micro funds led by individuals who are new to venture but bring a network, an operational background or domain expertise. 

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