The European Union

The European Union breaks a log jam to send more aid to Ukraine.

I'm Novasafo with the Marketplace Minute.

The 27 countries of the European Union have agreed to send $54 billion in financial assistance to Ukraine as it

fights Russia's invasion.

EU leaders reached the agreement within minutes as they met over the issue and overcame

opposition from Hungary. The federal government is sending

offer letters to drug companies to kick off the first ever price negotiations

for 10 prescription medications covered by Medicare. The drugs treat common ailments such as heart

disease and diabetes. British oil giant Shell reported fourth quarter profit of

more than seven billion dollars. It made 28 billion for all of last year and decreased spending on

renewable energy by 23 percent. Initial claims for state unemployment benefits

rose by just 9,000 last week for a total of 224,000.

While that's the highest in 11 weeks,

it's still relatively low by historical standards.

1.9 million people in total

were collecting benefits.

I'm NovaSafa with the marketplace minute.