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Here's your morning brief from Monday, February 23rd.

I'm Daniel Bach for the Wall Street Journal.

Mexico's military killed the country's most powerful drug kingpin, Nemesio Mancho Asigera.

He was the leader of the Holisco New Generation Cartel, and the U.S. had placed a $15 million

bounty on him. His killing marks the most significant operation yet in Mexico's recent crackdown on

cartels and sparked a wave of violence across the country, including a near shutdown of Mexico's

second largest city, Guadalajara. President Trump said over the weekend that he would increase

a global tariff to 15 percent that will replace many of the duties ruled illegal by the Supreme Court on

Friday. Trump said the new level up from 10% would take effect immediately. Meanwhile, many

CEO spent the weekend hold-up in company war rooms as they try to figure out what the latest

developments mean, if billions and paid levies can be reclaimed, and how to proceed

without ruffling feathers in the Trump administration. And more than 9,000 flights scheduled for

yesterday and today have been canceled due to a major winter storm hitting the U.S. East Coast,

with Boston and New York airports affected the most. According to the National Weather Service,

very heavy snowfall and strong winds

will continue to batter the Northeast today. Asian stocks ended the day mostly higher. European

stocks are mixed in midday trading, and U.S. stock futures are down as uncertainty over the

...