Global Economy's Turning Point | SEC’s Climate Rules | Inside The Oscars’ Gift Bag

Plus: Why This Year’s March Madness Cinderella Team Won’t Become The Gonzaga Of New Jersey

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If it wasn’t already clear that Russia’s invasion of Ukraine is a pivotal moment in history and in the global economy, BlackRock CEO Larry Fink spelled it out to shareholders: this changes everything. We also take a closer look at the U.S. Securities and Exchange Commission’s new proposed climate disclosure rules, and peek inside the Oscars’ $140,000 gift bag. Finally, read all about why this year’s belle of the March Madness ball is a different kind of Cinderella story. 

In The News Today

The U.S. announced a deal with the EU to boost its supply of liquefied natural gas to the bloc as Europe seeks to reduce its dependence on Russian gas amid its ongoing invasion of Ukraine. 

Supreme Court Justice Clarence Thomas’ wife Virginia Thomas urged then President Donald Trump’s Chief of Staff Mark Meadows to contest the result of the 2020 presidential vote in 21 text messages, according to the Washington Post and CBS.

Top Take-Aways

Reports Ukrainian forces had retaken ground around Kyiv from Russia have been difficult to verify, but NASA’s fire-detecting satellites on Thursday offered data to support evidence of the operation.

BlackRock CEO and Chairman Larry Fink warned shareholders that Russia’s war in Ukraine has heralded the end of globalization and the post-Soviet era and will have lasting global economic consequences.

The SEC wants publicly traded companies to disclose their greenhouse emissions and climate-related risks and targets. The inclusion of a Scope 3 provision in that new rule, which would force some companies to calculate and disclose the climate impact of contractors and counterparties, remains a point of contention.

The Department of Justice hit a pair of 20-year-olds with fraud and money laundering charges for their role in a $1.1 million scheme involving NFTs, one of the first actions federal authorities have taken to rein in the booming asset class.

One of the two flight recorders on board the Chinese Eastern’s Boeing 737 that crashed into a mountainside earlier this week has been recovered—but finding the cause of the incident that has left experts baffled may take a long time.

The 25 actors and directors nominated by the Academy of Motion Picture Arts and Sciences for five of its most coveted awards can’t all walk away with a gold statuette. But they are guaranteed a pick of 53 items worth a total $140,000, which include a plot of land in the Scottish Highlands.

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