A 20-kilometer flood is stopping Russians from taking Kyiv. It is unclear if this was the result of measures taken by the Ukrainians or if it was the result of melting ice as the weather warms up. The high water enabled Ukrainian forces to sink a Russian ship in the south-eastern port of Berdyansk.

Emerging markets are gaining as mature markets look risky.

Fibra Uno of Mexico is up 2.64% to $22.97. FBASF.

Cosan of Brazil is up 3.07% to $20. CSAN.

Black Rock is exiting Sampo Oyj. It now owns less than 5% of the shares.

Image Source: Pixabay

Energy 

*Goehring & Rozenzweig predict that oil demand will exceed supply soon.

*Russia will require unfriendly countries to pay for their oil and gas with rubles. The Russian currency gained 7% on this.

*Nokia was tipped as the only non-Chinese 5G stock play. NOK.

*Schlumberger Ltd is up another 2.24% to $43.36. SLB.

*ABB is selling its turbocharging unit next quarter and will boost its dividend with the proceeds. Estimates vary from 0.25% to 1% for the payout by Asea Brown Boveri. 

*Petrobras of Brazil is up 1.44% to $14.4. This is not a misprint. PBR.

*UBER will list all New York City taxi cabs on its app. We use our doorman to get cabs but other neighborhoods are harder.

*Cotera is up another 1.15%, to $26.5. CTRA.

Pharma is hot

*The HIV drug Viiv, the product of Shionogi, Pfizer, and Glaxo will now be offered as an injection immediately. Until now it had to be taken orally for a month to make sure there were no side effects. It was developed by Jansen in Ireland and combines cabotegravir and rilpivirine. PFE is up .94% on the news.

*Merck is up .53% to $80.15. MRK.

*Dr. Reddy's of India is up 5.11% at $55.94.RDY.

*Grifols rose 1.25% to $10.50. GRFS.

*Exelixis is up 1.36% to $21.59. EXEL.

*Novartis is up .65% to $86.11. Roche gained 5.11% to $55.94. NVS, RHHBY.

*Zymeworks gained 1.8% to $7.39. ZYME.

Finance

*American Express gained 1.04% to $188. AXP.

*Lazard LAZ rose 1.53% to $35.09 while its LGI fund rose 0.6% to $17.56.

*Atlantica Yield however dropped .12 to $10.65. AY.

Tech & Tel

*Taiwan Semiconductor gained 1.42% to $106.86 as an alternative to Russian products. TSM.

*Vodafone rose .78% to $16.7. VOD.

*Cosan is up 3.07% to $20. CSAN.

*Qualcomm rose 1.25% to $154.78. QCOM.

Chow

*Nutrien of Canada gained another 1.83% as prices of food jumped. It is at $107.43 (US). NTR.