Get the Need2Know newsletter in your inbox every morning! Sign up here!

Here are the headlines you Need2Know for Tuesday, March 8, 2022:

HUMAN RIGHTS ABUSES

The U.S. is now looking into possible Russian war crimes and human rights abuses, as Ukrainians on the ground accuse Moscow of waging "medieval-style" siege warfare. The two sides wrapped up a third round of talks that made only minor progress toward establishing "safe corridors" for civilians trying to escape the fighting. All of these developments are escalating fears that more and more civilians will be caught in the crosshairs. CNBC


We thought the war was the crime?

RECORD GAS PRICES

Gasoline prices have hit a record high of $4.17 per gallon and yet the U.S. and its European allies are signaling that a ban on Russian oil imports is still on the table. Secretary of State Antony Blinken said "very active discussions" are underway to cut off Russia from the life-blood of its economy. The move is highly controversial given Russia's outsized role in the global oil market. Germany is warning against the measure, while the rest of EU is divided, and the U.K. is all in. Whatever governments end up doing, private energy companies are getting increasing pressure to back out of Russia and today oil giant Shell relented and announced it'll stop buying Russian oil and natural gas. USA TODAY

COMPANIES WEIGH PULLOUTS

Shell wasn't the only Western company still doing business with Russia. McDonald's and PepsiCo also haven't shut down their operations in the country, which places them among 32 other hold-outs that have significant exposure in Russia, according to a running tally from a Yale University professor. In the meantime, at least 200 companies have pulled out. Recent additions to the list include Netflix, TikTok, and Samsung. Visa and Mastercard have also shut down their operations in the country and now Russia is looking to China for alternative payment processors. THE LIST

Boycott or be boycotted.

BLOCKING CRYPTO WALLETS

Coinbase, the world's second largest crypto exchange, has announced that it's blocking 25,000 Russian users who it said are involved in illicit activity. The move from Coinbase comes as crypto exchanges face increasing pressure from the U.S. government to cut off Russian users. Most exchanges have said they will fully comply with the law, but that they won't punish ordinary Russians for their government's actions. CEO Brian Armstrong said many Russians are using "crypto as a lifeline" as their currency collapses, and a ban would hurt them too. BLOOMBERG

CUTTING TRUCK EMISSIONS

The days of diesel-powered trucks pumping out exhaust could be numbered, as the Biden administration proposes new pollution standards for commercial tractor-trailer rigs. The rules take aim at smog- and soot-forming nitrogen oxide emissions, which are also known to cause respiratory problems in humans. In addition to the advent of battery-powered trucks, the EPA is banking on new pollution control devices to cut emissions. While the trucking industry says it's open to cutting pollution, there's been some pushback that the new standards are technically impossible and could make trucks costly and unreliable. WSJ

AMAZON (RAINFOREST) STRUGGLING

In other environmental news, more than 75% of the Amazon rainforest is struggling to recover from an onslaught of logging, wildfires, and droughts. A new study from the journal Nature Climate Change looked at over two decades of satellite images to conclude that large swaths of the rainforest are becoming less resilient, and could eventually turn into dry savannah. That means entire species of plants and animals could disappear and may threaten the Amazon's crucial planetary role as a massive natural storehouse for carbon dioxide. AXIOS

REDISTRICTING MOVES AHEAD

In a win for Democrats, the Supreme Court is allowing new electoral maps in Pennsylvania and North Carolina to move forward, rejecting pleas from Republicans to overturn them on constitutional grounds. This is a big deal because at issue is whether courts have the right to overturn state legislatures that engage in gerrymandering. While the decision doesn't settle the issue permanently, it does mean that the two states in question will get a chance to reshape their electoral maps after decades of gerrymandering. NY TIMES

“Hello, Gerry.”

[Giphy]

'SQUID GAME ELECTION'

In what some are calling the "Squid Game Election," after the popular Netflix survival-horror series, South Korea's leading presidential candidates are waging the most toxic political campaigns in recent memory. We'd probably need another Netflix series to break it all down, but the mud-slinging has been especially brutal. Supporters of Lee Jae-myung, of the governing liberal party, have called his opponent a "beast," while Yoon Suk Yeol, of the conservative opposition, has described Lee's party as "Hitler." Both candidates have also filed multiple lawsuits charging the other of spreading false information and there's widespread speculation that the loser will end up in jail. AP

They should play children’s games to determine the winner.

BILL COSBY STILL FREE

The Supreme Court has rejected a bid from Pennsylvania prosecutors to review the lower court decision that overturned Bill Cosby's sexual assualt conviction from 2018. The disgraced comedian, who was sentenced to three to 10 years in prison for drugging and sexually assaulting Andrea Constand in 2004, walked free last year after the state Supreme Court overturned the conviction on the grounds that the prosecution had violated Cosby's due process rights. The legal details of the rejection are pretty technical, but the result is clear: Cosby, who multiple women have publicly accused of rape and sexual assault, will not return to jail. CNN

LEFTOVERS: COUNTRY ROYALTY

Miranda Lambert took home the top honor at the 57th Academy of Country Music Awards while Morgan Wallen's "Dangerous: The Double Album" won Album of the Year, just a year after he was banned from the show for using a racial slur. Kelly Clarkson also honored Dolly Parton with a beautiful rendition of "I Will Always Love You." And speaking of country royalty, Prince Harry raised some eyebrows when he popped up in Texas over the weekend to check out bull riding at Fort Worth's Stockyards Championship Rodeo.  PEOPLE

Need2Know Podcast Note: The Need2Know podcast is taking a break for now. We're looking forward to bringing you more context and analysis on the big stories of the day in a few weeks. In the meantime, check out our archive on Apple or Spotify, or watch on YouTube, and send us your feedback!

Share:
More In Culture
Google and T-Pain Promote Black Owned Friday in Shoppable Film for the Holidays
Rapper and singer T-Pain is teaming up with Google this holiday season to encourage shoppers to support Black-owned businesses on Black Friday. Stephanie Horton, the director of marketing for Google Shopping, joined Cheddar to provide some details about T-Pain's new song, featuring Normani, in a new shoppable interactive film for the promotion. She also explained how Google worked with local artists in various states to create shoppable murals, where products seen in the artwork are discoverable online by simply pointing your camera at it.
Card Trading Platform Alt Raises $75 Million With Plans to Expand into NFTs
Alternative asset, sports cards-focused platform Alt recently raised $75 million in a Series B round. Alt's platform lets users research, trade, and securely store sports cards and other high-value assets. Right now, the company has more than $70 million worth of cards in its vault. The company is also hoping to get into other assets, including NFTs. Alt CEO Leore Avidar joins Cheddar News' Closing Bell to discuss.
Roku to Compete on Original Content, Announcing Plans for 50-Plus Shows
Streaming platform Roku announced plans to develop more than 50 original shows in a bid to become a destination for free content amid growing competition in the space. Shelly Kramer, co-founder and lead analyst at Futurum Research, spoke to Cheddar about the new offering "The transition here from hardware to adding a software component by way of original content, I think is smart," she said. "And it's all about the Benjamins." Kramer also noted that she doesn't necessarily think Roku is entering the content game too late.
Religion of Sports CEO on 'Man in the Arena: Tom Brady' Doc and Why Sports Matter
Ameeth Sankaran, CEO of the emmy-winning media company Religion of Sports, joined Cheddar to talk about the "Man in the Arena: Tom Brady" docuseries that premiered on ESPN+ earlier this week. Sankaran noted Brady and former NFL star Michael Strahan as co-founders and discussed the origin of the company and its goal to tell stories about sports figures beyond their roles on the court or field.
HBO's Origin Story 'Tinderbox: HBO's Ruthless Pursuit of New Frontiers'
The behind-the-scenes story of HBO's history is chronicled in the new book 'Tinderbox: HBO's Ruthless Pursuit of New Frontiers.' The book tells the true story of how HBO came to dominate the television industry as we know it. The man behind the book has interviewed over 700 key sources to uncover a bottomless trove of secrets, surprises, and never before heard stories. James Andrew Miller joins Cheddar News to share more.
'I AM KOBE From Diversion Podcasts' Features Never-Before-Heard Bryant Tapes
In an all-new podcast, one sports journalist takes listeners through never-before-heard tapes of a teenage Kobe Bryant as he explores his thoughts, his dreams, his goals at the start of his path to becoming an NBA icon. Journalist at the Philadelphia Inquirer and host of the podcast, "I Am Kobe" from Diversion Podcasts Mike Sielski, joined Cheddar to discuss more.
The Future of Blockchain, Bitcoin, and Crypto
As the world of trading in cryptocurrency gets more popular experts say competition in the space could get bigger within the next year. CEO of Onramp Invest Tyrone Ross, joined Cheddar to discuss more.
Load More