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
Breaking Down the Evolving Role of the Employer
The workforce is incredibly different from what it was just two years ago. Ginnie Carlier, Vice Chair of Talent at EY Americas, joins Cheddar News to discuss the evolving role of the employer, and ways leaders can increase job satisfaction in this current environment.
Social Beverage Brand Cann Raises $27 Million to Fuel International Expansion
Cann, a cannabis-infused beverage company, announced today a $27 million Series A funding round from existing investors like Imaginary Ventures and a roster of new celebrity investors including Nina Dobrev, Adam Devine, Zoey Deutch, Jordan Cooper, Sara Foster, and Rosario Dawson. Cann is also announcing its first international expansion with the brand's launch in Canada. Jake Bullock, co-founder and CEO of Cann, joins Cheddar News' Closing Bell to discuss.
Soul Machines Raises $70 Million to Advance the Way Digital People Deliver Interactive Experiences in the Metaverse
Soul Machines is a company that creates autonomously animated digital people in the metaverse and the digital worlds of today. The startup based in New Zealand recently raised the equivalent of $70 million USD, in a funding round led by Softbank's Vision Fund 2. Soul Machines says it helps to bring digital workforces to life for some of the biggest brands in the world, and creates digital twins of celebrities to reimagine the future of digital entertainment. Greg Cross, co-founder and CBO of Soul Machines, joins Cheddar News' Closing Bell to discuss.
Blue Jacket Fashion Show for Prostate Cancer Awareness
One in eight men in the U.S. will have prostate cancer during their lifetime, and the disease is almost 73% higher in black men than white men. The sixth annual Blue Jacket Fashion Show benefited non-profit advocacy group 'Zero - The End of Prostate Cancer' and its efforts to raise awareness and funding to support prostate cancer patients. Reginald Tucker-Seeley, vice president of health equity at Zero, joined Cheddar News to discuss.
End of 3G Networks Expected to Impact Millions of Car Owners
The end of 3G is upon us. On Tuesday, AT&T became the first major provider to disable its 3G services, and T-Mobile and Verizon plan to follow suit later this year. The shutdowns are expected to impact millions of vehicles that use 3G networks for updates, remote connection, and certain emergency and convenience features. Lance Ulanoff, the U.S. Editor-in-Chief of TechRadar, joined Cheddar's Closing Bell to discuss the ramifications of the changeover.
Scandit Raises $150 Million to Expand International Footprint of Mobile Scanning Platform
Smart data capture company Scandit recently announced a $150 million Series D funding round led by Warburg Pincus, propelling the company to unicorn status with a valuation of more than $1 billion. Scandit develops augmented reality and mobile computer vision technologies that tap into the cameras on smart devices. The startup's platform can be used to interact with retail items and have a more personalized experience while shopping. Scandit says its technology is also being used by industries like transportation, healthcare, and manufacturing. Samuel Mueller, co-founder and CEO of Scandit, joins Cheddar News' Closing Bell to discuss.
Load More