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Canadian lawmaker Mark Carney was selected by the country's Liberal Party to replace Prime Minister Justin Trudeau. Trudeau resigned roughly two months ago after losing support from his coalition government, likely avoiding a no-confidence vote (see previous write-up).
Trained as an economist and, most recently, as the country's international lead on climate finance, Carney is widely credited with helping navigate the Great Recession as head of the Bank of Canada in 2008. Before entering public service, Carney spent 13 years at Goldman Sachs. He will quickly face an electoral test—general elections are scheduled for October, though some say he may call for snap elections shortly in an effort to shore up support.
Carney takes over as Canada grapples with uncertainty around tariffs on its exports to the US. President Donald Trump leveled a broad 25% levy on imports from the country but then granted an exemption applying to about 40% of Canadian goods until April 2.
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Syrian Violence Intensifies
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The death toll from violent clashes and attacks in Syria rose to more than 1,000 over the weekend, the worst bloodshed since former President Bashar al-Assad was ousted in December. Fighting began Thursday along the country's western coast between state security forces and Assad loyalists, with the majority of victims appearing to be civilians targeted in revenge killings.
Assad, the last of a dynasty that exerted often ruthless rule over Syria, was part of the Alawite minority, an offshoot of Shia Islam. The group makes up roughly 10% of the country's population but received long-running preferential treatment from the Assad regime. The new leadership has pledged to end retaliatory violence—though an independent watchdog estimates at least 700 Alawite civilians have been killed in the current fighting.
Assad himself remains alive, having fled in the final days before his government's collapse. He was granted political asylum by Russia and remains in Moscow.
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Authorities have revealed new details about the deaths of actor Gene Hackman, 95, and his wife, Betsy Arakawa, 64, whose bodies were discovered Feb. 26 in their home in Santa Fe, New Mexico.
Arakawa died of hantavirus pulmonary syndrome, a rare respiratory illness with flu-like symptoms contracted through exposure to rodent waste. Investigators found evidence of rodent activity on the property but have not determined how she was exposed. Her last known activities were Feb. 11, when she visited stores in Santa Fe before returning home.
Hackman died about a week later due to heart disease, with Alzheimer's disease as a contributing factor. His pacemaker recorded its final activity Feb. 17, and investigators found no indication that he tried to contact anyone after Arakawa died. He had no food in his stomach but was not dehydrated. Authorities found no signs of foul play.
A deceased dog, which was found in a crate and may have been recovering from a recent medical procedure, was also discovered in the home. Its autopsy results are pending.
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In partnership with Frontieras
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Final Days: Unlock $2.1T in Energy Potential
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Coal is the most abundant energy resource on Earth, but burning it has wasted trillions of dollars of resources locked within it. Frontieras developed a breakthrough technology to extract untapped resources from coal without burning it, creating a $2.1T market opportunity. Their game-changing innovation is unleashing the 21st century's "Rockefeller Moment" in the energy space, and early investors are rushing to capitalize.
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The company is building their first $850M facility in West Virginia soon, followed by more facilities across North America. Don’t miss your chance to become an early investor—their current public offering closes on March 13.*
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Sports, Entertainment, & Culture
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> Denver Nuggets' Nikola Jokić becomes first in NBA history to top 30 points, 20 rebounds, and 20 assists in a single game (More) | Myles Garrett becomes highest-paid non-QB in NFL history after signing four-year, $40M-per-year extension with the Cleveland Browns (More) | Buffalo Bills sign QB Josh Allen to six-year, $330M deal with the largest-ever guarantee of $250M (More)
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> Art Schallock, three-time World Series champion, dies at age 100; Schallock held title of oldest living ex-MLB player until his death (More) | D'Wayne Wiggins, Grammy-nominated founding member of R&B group Tony! Toni! Toné!, dies of cancer at age 64 (More)
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> "Ne Zha 2" tops $2B at Chinese box office, becoming first film to ever top $2B in a single market; the animated film is now sixth all-time at the global box office (More)
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> NASA delays SPHEREx and PUNCH mission launches to continue checking Falcon 9 lift vehicle; next potential launch date still to be determined (More) | See previous write-up (More)
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> Security researchers uncover backdoor in the Chinese-made ESP32 microchip; in more than 1 billion devices worldwide, chip contains previously undocumented commands that can be used for attacks (More)
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> Doctors combine AI learning algorithm and brain-computer interface to help paralyzed man control a robotic arm via thoughts (More) | Brain implants 101 (1440 Topics)
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In partnership with hear.com
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> US stock markets close up Friday (S&P 500 +0.6%, Dow +0.5%, Nasdaq +0.7%); gains cap volatile five-day stretch, S&P posts worst week since September (More)
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> AI startup Firsthand raises $26M Series A funding, valuation not disclosed; company helps brand marketers and publishers use AI agents to interact directly with consumers (More) | Venture capital 101 (1440 Topics)
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> Chinese consumer price index falls into negative territory, down 0.7% year over year last month (More) | Learn more about inflation, and how deflation affects an economy (1440 Topics)
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Explaining the cryptocurrency known as Ethereum—this week's 1440 Business & Finance newsletter dives deep into the topic. Sign up here to receive it!
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> House Republicans unveil six-month short-term spending bill ahead of March 14 deadline to avoid a partial government shutdown; vote expected tomorrow, bill would head to Senate for approval (More) | Health Department offers roughly 80,000 federal workers $25K buyout (More) | See federal layoff tracker (More)
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> Russian forces retake much of the Russian border province Kursk; Ukraine captured large swaths of the region during a surprise August offensive (More) | US, Russian, and European leaders to meet this week to continue talks toward ending the war (More)
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> South Korean President Yoon Suk Yeol released from detention ahead of impeachment trial; Yoon was arrested following a failed December attempt to impose martial law (More)
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In partnership with Frontieras
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Unlocking the True Potential of Coal
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Coal has been burned for over a century, but its full potential has been overlooked... until now. Frontieras’ breakthrough tech turns coal into hydrogen, diesel, jet fuel, and other byproducts. It’s unleashing the 21st century's "Rockefeller Moment" in the energy space and creating a $2.1T market opportunity.
Time’s running out to become an early investor in this breakthrough technology—Frontieras' public offering is closing on March 13. Become an early investor while you still can.*
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