Newsletter Mar 24, 2022

3 things you must know

Western nations to warn 'Russia will play' for war on Ukraine
Western nations will warn Russian President Vladimir Putin today that his country will pay "ruinous" costs for invading Ukraine at an unprecedented one-day trio of NATO, G7 and EU summits that will be attended by President Joe Biden. The hectic day designed to maintain Western unity will kick off at the transatlantic defense alliance's headquarters in Brussels, where leaders will agree to ramp up military forces on Europe's eastern flank and slap more sanctions on Russia for committing war crimes in Ukraine.
SEE THE WARNING NATO NATIONS WILL DELIVER TO PUTIN

US reinstates tariff exemptions for some Chinese products
The U.S. will reinstate tariff exemptions for 352 Chinese products first hit with punitive duties in 2018, when then-president Donald Trump started a trade war with Beijing. The exemptions lapsed in late 2020, but President Joe Biden's administration last October began seeking opinions on which of 549 eligible Chinese products should once again be excluded from the tariffs.The exclusions are retroactive to Oct. 12, 2021, and extend through the end of 2022.
FIND OUT WHY THE US DECIDED TO MAKE THE MOVE NOW

Mortgages, refinances drop amid interest rate increases
With the Federal Reserve starting along the path of raising interest rates to combat inflation, mortgage rates have begun to creep steadily higher and applications are beginning to decline. On Wednesday, the MBA released its latest data showing mortgage applications decreased 8.1% from last week and refinance slipped 14%. Compared to the same time last year, the numbers are 12% and 54% lower than last year, respectively.
FIND OUT OTHER FACTORS PLAGUING HOUSING MARKET

Markets

DJIA	34,358.50	-1.29%
S&P 500	4,456.24	-1.23%
Nasdaq Composite	13,922.60	-1.32%
Japan: Nikkei 225	27,636.57	-1.44%
UK: FTSE 100	7,460.63	-0.22%
Crude Oil Futures	115.87	0.82%
Gold Futures	1,944.90	0.39%
Yen	121.16	0.01%
Euro	1.10	-0.16%
* As of market close

Starbucks vote gives union movement a jolt

Lauded by President Joe Biden, who has famously declared himself "a union guy," and bolstered by recent triumphs at Starbucks, the labor movement has had reasons to cheer as attention focuses on upcoming unionization votes at Amazon. But those bright spots do not change an overall picture that is no better than mixed in an economy that has seen unions' share of the American workforce steadily fall in recent decades.

FIND OUT HOW LABOR UNIONS ARE TRYING TO GAIN TRACTION

Moderna releases vaccine data for children

Modernaâ€™s two-dose mRNA COVID-19 vaccine is effective in children under the age of 6. According to its trial data, two 25 microgram doses produce an identical immune response in children under 6 compared to two 100 microgram doses for adults 18 to 25. Moderna clarified that it is less less effective against newer variants. Its vaccine was only 44% effective against Omicron for children between 6 months and 2 years.

FIND OUT WHEN MODERNA PLANS TO SEEK FULL APPROVAL

Where's the beef? Meatless jerky debuts

Beyond Meat and PepsiCo announced Wednesday that â€œmeatless jerkyâ€ will be the first product available in stores through their PLANeT Partnership. The plant-based jerky, which will come in three flavors (original, hot & spicy and teriyaki) is made of natural ingredients like peas and mung beans. It is Beyond Meatâ€™s first shelf-stable product.

CHECK OUT THE NUTRITIONAL VALUE OF MEATLESS JERKY

Food first

Who is credited with making the first meatless meat product in the US?

Wednesday's answer: The first commercial jingle broadcasted was General Mills' "Wheaties -- the best breakfast food in the land." The ad first aired over the radio airwaves on Christmas Eve 1926.

IBTimes will always protect your security and privacy. Please read our detailed Privacy Policy. Please do not reply to this email. Click here to adjust your notification preferences or unsubscribe.Â