Hello, friends and Fortune readers.
U.S. stock futures are pointing to a higher open Friday, with the market’s major stock indexes set to chalk up their best weekly gains in six weeks. Here’s what else you need to know about in business news today:
1. Markets are up worldwide
Remarks from Russian President Vladimir Putin pushed up European markets Firsay, but the Wall Street Journal notes that there is still considerable tension in the region. A convoy of Russian military vehicles with humanitarian aid supplies has arrived at the border with Ukraine, raising fears it may be a Trojan Horse-style ploy.
2. Bill Ackman is at it again
Sometimes it seems like hedge fund guru Bill Ackman is the crazy uncle in the investment management community. His latest caper? Suing the U.S. government over mortgage profits. This follows Ackman’s two-year campaign to prove Herbalife is a pyramid scheme.
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