Ukraine’s NFT Sale | Cannabis Stocks Rise On Bill Hopes | All About The Oscars

Plus: How Bad Inflation Might Get, According To The Companies That Will Raise Prices

Good morning.

An upcoming NFT sale is the latest example of Ukraine’s willingness to embrace novel technology in its efforts to win the war with Russia. We’re also covering why cannabis investors’ hopes are riding high for federal legalization, and catching you up on the Oscars winners, shocking moments and red carpet looks. Finally, we take the temperature on inflation and how bad it could get.

In The News Today

Millions of people in Shanghai have been put under lockdown, China's biggest in more than two years, as the country's financial hub continued to report a growing number of Covid-19 cases.

Ukrainian President Volodymyr Zelensky told Russian reporters he’s willing to negotiate Ukraine’s non-nuclear and neutral status, although his citizens would need to vote on the matter. 

Top Take-Aways

An NFT sale to aid the Ukrainian government’s resistance to Russia's invasion is expected to go live on Wednesday and raise $2-3 million, an initiative conceived by the 25-year-old cofounder of Fair.xyz over drinks in London’s Soho neighborhood.

Tesla’s Model 3 sedan and Model Y hatchback, are California’s top-selling electric vehicles, but since their price went up earlier this month, they now no longer qualify for the Sunshine State’s Clean Vehicle Rebate Project.

Cannabis stocks surged on Friday as the House of Representative reportedly plans to consider legalizing marijuana on a federal level this week. While the bill is unlikely to pass in the Senate, optimistic investors see potential upside ahead for some of these stocks.

Apple TV+ scored a historic win at the Oscars, becoming the first streaming service to take home the top award—a golden statuette for Best Picture for CODA. But if history is any guide, all streamers will make gains at the stock market today.

Move over, La La Land/Moonlight mix-up—the award for the most shocking moment at the Oscars goes to Best Actor nominee (and later winner) Will Smith slapping Chris Rock, who made a joke about Smith’s wife Jada Pinkett Smith shaved head, a result of autoimmune condition alopecia. Rock declined to file a police report about the incident.

Whether the controversial moment did anything to boost the award ceremony’s ratings remains to be seen, as the future of the struggling Hollywood fête most likely lies where its audience consumes content these days. For those who simply enjoy watching the red carpet, here’s a selection of the most stunning outfits. 

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