Executive Leadership Briefing

Biden to sign EO studying crypto regulation - March 8, 2022


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Shell announced it will stop buying Russian oil and gas and will shut down its services and operations within the country as corporations face continued pressure to sever ties over the invasion of Ukraine. Shell’s CEO apologized for purchasing Russian crude oil last week and pledged to donate the profits from the remaining supply to relief efforts for Ukraine. The U.S. is expected to announce a ban on imports of Russian oil, a move that will likely push energy prices higher.
Minneapolis teachers and support personnel will begin striking Tuesday after the teachers’ union and district failed to reach an agreement for a new contract, with unresolved issues including providing mental health services, reducing class sizes and increasing pay. Neighboring St. Paul Public Schools averted a strike Monday after reaching a tentative agreement.
Florida’s surgeon general recommended against “healthy” children getting coronavirus vaccines, citing rare cases of myocarditis among young men and boys post-mRNA vaccination despite lower hospitalization rates for vaccinated children. Florida is the first state to break with the Centers for Disease Control’s vaccine recommendation for children.
President Joe Biden will sign an executive order outlining the government’s strategy for cryptocurrency. The White House will also look to address the threat of ransomware and other cybercrime in the industry. Cryptocurrency could see a regulatory shift following a series of reports from federal agencies examining the legal and economic impact of digital assets.
The CDC warned Americans should avoid travel to Hong Kong, New Zealand and Thailand amid a rise in COVID-19 cases in those countries. Virus hospitalizations hit a record of 750 in New Zealand as the country saw another record of nearly 24,000 daily cases, while Mainland China logged its highest number of daily new symptomatic infections in two years despite its “zero tolerance” approach to the pandemic.
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Executive Leadership BriefingBy Turbine Labs