SEC Mandates Climate Disclosures for Companies

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BUSINESS & ECONOMY

📈 CEOs' Confidence in Economy Soars

U.S. executives are more confident about the economy, with the Business Roundtable's CEO sentiment index rising to 85, signaling optimism with higher capital spending and sales expectations. Cisco CEO Chuck Robbins called for policies to "double down on policies that spur domestic investment and bolster American competitiveness." Concerns over regulations and climate risk disclosures persist, amid expectations of a 2.1% GDP growth.

📉 US Services Sector Growth Slows, But Orders and Business Activity Rise

The US service sector's growth slightly cooled in February, with the ISM gauge dipping to 52.6 amid employment declines, though orders and activity accelerated. Anthony Nieves stated, "The majority of respondents are mostly positive about business conditions," despite inflation and geopolitical concerns. New orders peaked at 56.1, signaling robust future demand. Fourteen industries, especially construction and retail, led the growth, while concerns over rising material costs and cautious hiring persisted.

📊 SEC Mandates Scaled-Back Climate Disclosures for Companies

The SEC is set to introduce a climate disclosure rule requiring companies to report direct and energy-related emissions to mitigate legal challenges. This pivotal regulation, part of Chair Gary Gensler's focus on climate as "the biggest issue," aims to meet investor demand for climate risk information. It strikes a balance between environmental advocacy and business concerns, reflecting the nuanced debate over regulatory scope and effectiveness amidst legal scrutiny.

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WORLD

🍽️ War in Sudan Leaves Millions Facing Hunger

In Sudan, the escalating conflict has driven nearly five million people to face emergency hunger, with families enduring dire food shortages amid ongoing violence. Jan Egeland of the Norwegian Refugee Council warns of an "epic, biblical style famine." The war, sparking the world's largest displacement crisis with over eight million displaced, hampers aid delivery, exacerbating the crisis as the lean season nears.

🤔 China’s Foreign Minister Claims US Holds Incorrect Perception of China

China's Foreign Minister Wang Yi accused the U.S. of holding an "erroneous perception" of China and not fully meeting its "promises" since the Biden-Xi summit. He highlighted the need for mutual respect to maintain bilateral exchanges. Despite tensions over Taiwan, technology competition, and other issues, Wang noted the U.S. has stated it does not seek a new Cold War or to change China's political system. He called for the U.S. to objectively view China's development and engage pragmatically.

SCIENCE & TECH

🍏 Apple Blocks Fortnite in EU as Feud Intensifies with Epic Games

In its ongoing feud with Epic Games, Apple has blocked Epic's efforts to introduce its own marketplace on iOS devices in Europe, amid accusations of antitrust violations. Concurrently, Apple faces a $2 billion EU fine for limiting competition. Despite the Digital Markets Act requiring openness to third-party marketplaces, Apple terminated Epic's developer account for "egregious" breaches. Epic alleges this act demonstrates Apple's refusal to permit competition on iOS, stating it's a "serious violation of the DMA."

🧬 Biotech Firm Unveils Breakthrough for Woolly Mammoth Revival

Colossal Biosciences, led by George Church, has made a significant breakthrough in efforts to resurrect the woolly mammoth, potentially aiding in the fight against climate change. However, this ambitious project is not without its detractors, who criticize the ethical implications, particularly the impact on elephant surrogates, and dismiss it as a potential "freak show," questioning the balance between scientific achievement and moral responsibility.

🚫 Roku Blocks Devices Pending Consent to New Terms

Roku has sparked user outrage by making their devices inoperable unless new dispute resolution terms, including forced arbitration and a new "Informal Dispute Resolution" process, are accepted. Introduced without prior notice, these terms effectively limit users' legal recourse, embodying the tactic, "Tech companies love this one dirty trick to save millions!" highlighting the tension between consumer rights and corporate dispute resolution strategies.

SPORTS & ENTERTAINMENT

🗽NTI Launches 'Make Nukes History' with 'Oppenheimer' Stars and Interactive Art

Amid "Oppenheimer's" Oscar nominations, the NTI's "Make Nukes History" drive merges billboards, an art exhibit, and celebrity support to highlight nuclear threats. Matthew Modine emphasizes the critical need for nuclear awareness. A key event is the March 8 art installation at the Original Farmers Market, aimed at broadening public engagement through live TikTok broadcasts, advocating for nuclear disarmament.

🚫 Rooster Teeth Shuts Down

Rooster Teeth, an Austin-based entertainment company famed for "Red vs. Blue," is closing after 21 years due to digital media challenges, announced by Warner Bros. Discovery. The move affects 150 employees, with plans to sell its content, including "RWBY" and "Gen:Lock." General Manager Jordan Levin cited "fundamental shifts in consumer behavior" as the reason, emphasizing a thoughtful winding down for the community.

OTHER NEWS

🚔 NY Deploys National Guard to Subways Amid Crime Surge

Gov. Kathy Hochul plans to deploy 750 National Guard members to assist NYPD in subway bag searches in NYC, aiming to deter weapon carriers. This is part of a broader safety effort, including a ban on convicted assailants and new cameras. Critics like Donna Lieberman of the NYCLU label it an overreaction, questioning its effectiveness in a busy transit system.

📣 McConnell Backs Trump, Reverses Previous Critique

Three years after denouncing Trump for inciting the Jan. 6 riot, Mitch McConnell endorses him for president, demonstrating Trump's commanding GOP influence. Despite previously stating Trump was "practically and morally responsible" for the Capitol attack, McConnell's pivot underscores Trump's solid GOP nomination grasp and the party's deep, evolving divisions, signaling a significant political realignment.

🕰️ Times Square Billboard Highlights $34 Trillion National Debt Crisis

The Committee to Unleash Prosperity launched a billboard campaign in Times Square to highlight the $34 trillion U.S. national debt as a "ticking time bomb." With a dramatic display of people fleeing an explosion, the message warns, "Scared of the national debt? You should be." The campaign reflects concerns over economic stability and national security, emphasizing the critical quote, "America just cannot stop borrowing."

🗳️ "Reproductive Freedom for All" Reacts to Trump's GOP Nomination

Former President Trump secured the GOP's 2024 nomination, prompting Reproductive Freedom for All to declare him "the biggest threat to reproductive freedom and our democracy." The organization endorses Biden-Harris to protect rights and democracy against Trump's harmful policies. Their 2024 program focuses on mobilizing support for reproductive freedom, especially among younger voters, to counter Trump's agenda.

THIS DAY THAT YEAR

On 7 March 1965, American civil rights activists faced a violent attack from state troopers wielding nightsticks and deploying tear gas as they attempted to cross a bridge in Selma, Alabama. This assault occurred during their march towards the state capitol in Montgomery, marking a pivotal moment in the civil rights movement.

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