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Candy, Donuts & Jets 🍩
Global tension rise but the show must go on.
What a weekend— UFOs, Super Bowl, and financial regulators struck businesses with lightening from above.
Let’s dive in 🤿
Trends ✨
Mars was fined more than $14,500 over a chocolate tank accident. Two workers who fell into a vat of chocolate at a Pennsylvania factory had not received proper authorization and training (AP)
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Mexico detained a suspected leader of the fentanyl trade. The man, Jose N, was described as a logistics head for a drug lord linked to the Sinaloa cartel. (RT)
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Dunkin’ Donuts made its Super Bowl ad debut. The coffee-and-donut chain worked with Ben Affleck’s production company (QZ)
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Macro 🌎
The US downed yet another flying object—over Michigan yesterday, following those over northern Canada, Alaska and off the South Carolina coast. The Pentagon doesn’t yet know what the most recent objects are and isn’t ruling out anything at this point. Meanwhile, China said US balloons have flown over its airspace more than 10 times since 2022 (BBG)
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Many consumer giants stayed in Russia. Moscow shoppers can still buy Activia yogurt and L’Oréal serums. (BBG)
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A record airplane deal is in the works for Airbus and Boeing. Air India has reportedly inked agreements with the two planemakers for, 500 orders. (BBG)
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Economy📊
NYC workers are shelling out 12B less thanks to spending about 30% days fewer in the office, according to a Bloomberg analysis. (BBG)
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Digital Assets⚡️
SEC's commissioner publicly dissented to SEC's enforcement action against crypto exchange Kraken (CNBC)
PayPal paused its stablecoin project amid regulatory scrutiny (BBG)
Banco do Brasil is allowing residents to pay taxes using crypto (CT)
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Chart Du Jour 🙌
Meme Digestif ☕️
