>> from the heart of where innovation, money and power collide, in silicon valley and beyond, this is bloomberg technology with emily chang. emily: this is bloomberg technology. coming up, putin retaliates as sanctions for russia invasion mount.

plus, meta and twitter disrupt a russian disinformation campaign. we will talk to a top security official about what more can be done to fight russian propaganda on social media. we will talk about the role of crypto in the ukrainian war with several cryptocurrencies surging after russian sanctions but could crypto be a tool to allow russian billionaires to circumvent them? stocks are erasing almost all of their losses. but coin rallying as investors weigh the risk of melting sanctions against russia. russian companies cratered elsewhere. ed ludlow has been looking at market reaction across the globe. >> it has been an incredible day in markets. the s&p 500 off a quarter of a percentage point. investors trying to work out there exposure. this is the last day of the month. it is the second consecutive month for equities.

a big part of that is yields. a big advance in the bond market. u.s. 10 year yields, the benchmark in the u.s. markets. off by 14 basis points. clearly investors taking an assessment. semi conductors have been such a big part of the package. stocks had been down more than 2%. investors working out the exposure. bitcoin is interesting. trades 24/7. it is monday. over the weekend, i was not looking at cryptocurrency markets. the biggest jump in -- the biggest jump since july. the consideration is whatever side of the sanctions you sit on, crypto use may be more heavily in the wake of those financial sanctions to work out those that might be strong by curtain -- by certain currencies. there is a lot of red on the screen. there are sectors that have been winners. this is the out performance that

the defense sector of the s&p 500. money has been going into defense stocks. you know all about some of these nato countries upping their defense ending in the wake of what we are seeing out of ukraine. there is a specific story of russia and sanctions. a lot of it around commodities. oil holding around 95, 90 six dollars a barrel. we held a steady as sanctions become more encroaching on the energy markets and also the bloomberg commodity index shows help road based it is. soft and hard commodities jumping by the most since october 2021. this is a u.s. listed etf, which tracks russian equities. russian markets are closed until further notice or this was an issue of price discovery. using the etf tracking assets. the biggest drop in history. emily: lots of moving parts. russia's -- the bank of russia

is taking desperate measures to seal off the nation's economy. jordan has more. how much farther is the u.s. willing to go especially when it comes to swift or otherwise? >> they are saying u.s. -- u.s. officials are saying nothing is off the table but one area they are hesitant to touch is the energy sector, which is the lifeblood of russia's economy. they were saying this morning there are going to be certain exemptions for energy related trades. when they do announce the specifics of the swift ban. the sanctions package thus far has not convinced vladimir putin to withdraw from ukraine so the question is if this latest round of central-bank bank penalties does not do the trick, how far is the u.s. willing to go? emily: growth covering the white house. -- you are covering the white house. talk to us about how the situation is changing biden's

plan for the state of the union. >> the white house was initially thinking of it as a broad reset domestically on president biden's domestic agenda, which has been stalled since late last year and also on the covid situation. those things are going to be prominent factors but there is going to be much about the situation in ukraine. they are going to try to cast it in a way that makes a part of president biden's effort to promote democracy both in the united states and abroad. emily: there's also this question about how sanctions against russia impact economies against -- impact economies around the world and the u.s. economy, which is already hurting from inflation. how is the president thinking about that? >> the energy sector is a huge factor. inflation has been a tremendous bugaboo for biden. it has helped drag down his approval ratings peered we have seen a real reluctance by the

u.s. government to go after russia's oil and gas sector because they fear rising oil prices beyond how far they have already risen. it is going to be a big test in the coming weeks and days to see if russia is not pulling out, not giving any concessions on the ukraine front. are they willing to ban exports of russian oil for example? that is something we will be watching in the next few weeks. emily: are white house reporter jordan fabian. coming up, russian information disrupted on social media. we will talk with the meta-head of security policy on what they are doing to curb efforts against ukraine and the west. this is bloomberg. ♪

emily: the war in ukraine and the moments leading up to it have been muddied by disinformation online with the russian actors pushing state narratives via platforms like facebook, tiktok, twitter and more. joining us to break down the role of social media in this ongoing war, sarah frier. thank you so much for joining us. talk to us about how this fight against russian disinformation is different than what we have seen in years past. disinformation surrounding the u.s. election. >> i think it is different because in this case, you have a very clear instance of a state actor with a goal. the goal is known. you can look for those specific talking points across social media. we have seen twitter.

we have seen facebook. twitter labeling russian state media. facebook is removing it from circulation in the e.u. youtube has restricted any sort of advertising on that content in certain places. i think that these side is a little clearer because it is a u.s. based company and they are getting pressured by governments in the e.u. and the u.s.. it is a little less murky what they have to do here. emily: talk to us about how widespread this particular campaign is. they say they have suspended 40 accounts in 48 hours but could it be bigger than that? >> you're referring to the operation that meta-found on facebook at instagram. this is the typical thing they have been looking for ever since

the 2016 presidential election that involved russian state interference. this is what they have trained their systems on. they are a lot more aware of what to look out. are they catching everything? probably not. this is a least indicative of how they are proactively looking for such things now. it is not like these companies are being blindsided. not just in companies but disinformation researchers the world over have been looking for this kind of content and flagging it so i think there are a lot more resources, a lot more idols -- more eyeballs. more eyeballs to the problem, the easier it is to solve. emily: bloomberg's sarah frier, thank you for that update. meantime, meta saying it disrupted a russian information campaign targeting ukraine, blocking efforts by a hacking

group attempting to compromise the accounts of prominent ukrainians. i went to the latest on this from meta's head of security policy, nathaniel gleicher. talk to us about the significance of what you have disrupted so far and what more work there is to do. >> we have identified and removed two separate campaigns. one is in influence operation where actors were using social media across different networks. instagram, facebook, twitter and youtube and russian social media networks to try to push messages suggesting the ukrainian government is failing or failed to undermine trust in the ukrainian government and boost trust in the russian government. separately, this hacking campaign. this is a well-known threat actor that operates across eastern europe. they have begun targeting individuals in ukraine including one journalist and prominent military officials and government officials. what they are doing as they are

taking over their personal emails and their devices. they are using that to take over their social media account and use the account supposed deceptive narratives. the good news is our teams have taken action on both of these operations. we have shared the information with our partners and industry. it does not look like they're having a lot of success. the influence operation, they only had about 5000 followers or even a bit less on facebook and instagram when they were removed. emily: 40 accounts in 48 hours. how significant is that really given that meta-platforms are massive? is this just scratching the surface in terms of how far the information campaigns are running? >> this is only one piece of the work we are doing in ukraine. we have stood up a full special operations center that lets us bring in investigators and product investigators across the

company so we can tackle these challenges. we have rolled out a whole number of product changes to help keep people stay safe on the platform. influence operations like this, it is not the size you need to pay attention to. this is the first indication we have seen that there are covert influence operations from russia targeting public debate in ukraine. there's been a lot of speculation that is happening. there is a lot of focus on overt influences from russian state media. as of the first time we have seen this evidence. it is a good reminder the threat actor's teams around the world are focused on our targeting this crisis, this invasion and it is critical we remain vigilant to take action on these networks when they appear. emily: russian disinformation campaigns are nothing new as you and i have talked about. why did it take an invasion to get this kind of action from meta on ukraine? couldn't you have done this sooner? >> we have enforced a number of

operations in ukraine over the recent years. this network in particular, which has stood up to engage as tensions and ukraine developed is linked to a written -- a network we removed last year. we know these actors keep trying. one of the indicators of success is that network we removed last year had about 250 thousand followers on facebook and instagram. this network had less than 5000. that is the goal. these threat actors will keep trying but over time, working with partners across society and improving our systems, we can make it harder for them. we can ensure even if they do get on the platforms, they don't reach that many people before they get taken down. emily: your head of policy nick clegg just announced you will be suspending russian state run media rt and sputnik in europe. there are calls for you to do that globally.

when you look at the bigger picture, what more do you think meta and its platforms can do to crack down on this kind of disinformation? >> we have already taken a number of steps on russian state media. we have removed their ability to run ads and he monetized them around the world as nick mentioned in response to the west from the ukrainian government and blocks them from broadcasting into the you and ukraine. we are taking a range of other steps to de-amplify their ability to share information on our platforms, and also we have third-party fact checkers continuing to review content posted by russian state media and other entities around the world. when they identify something as false or misleading, we label that to make sure people can see that and we down rank it so it does not appear in people's feeds and people are less likely to encounter the information. emily: you have the russian

government asking you to take stuff down. how are you handling those requests looking at the other side of the coin? >> we are going to be consistent with our policies. the russian government has asked us to remove fact checks from russian state media publications where the third party fact checkers have determined they were making statements that were false or misleading. we refused to do that. those fact-checks are still available. our third-party fact checkers are still fact checking content from around the world including from russian state media. we have identified and labeled a number of additional russian state media entities so we are continuing to push. we will be likely identifying and labeling more as time passes . emily: what can you tell us about cooperation between meta and twitter in tiktok and youtube on these efforts? i know that kind of coordination is something that has been happening for a few years. >> coordination across the industry is absolutely critical

because threat actors like the ones we are talking about don't just target one social media platform. i mentioned the influence operation we took down took -- targeted a number of social media platforms. the hacking group ghost writer began by compromising personal email and using that to it to a bunch of different social media accounts. when we find information -- when we find an operation like this, we share with our partners so they can investigate and take action themselves. they share information with us so we can do the same thing. one of the biggest changes from 2016 even 2018 is today, there are determined expert teams at social media platforms around the world in government and civil society working to defend against these types of threats and are sharing information with each other so we can counter them as a whole of society response. emily: the meta head of security policy, nathaniel gleicher, thank you so much as always for joining us. meantime, tiktok users can now upload videos up to 10 minutes

long. this after months of testing. tiktok has been expanding video length ever since its creation, going from an initial 15 seconds, to 60 seconds, and most recently three minutes. they say they hope this will unleash more creative possibilities for creators around the world. longer videos could allow more context. critics say this opens the door for more misinformation and disinformation especially in the midst of the ongoing crisis in ukraine. coming up, tens of thousands of ukrainians fleeing their war-torn country. now able to access homes on airbnb for free. more on that pledge from ceo brian chesky next. this is bloomberg. ♪

emily: airbnb ceo brian chesky says the home sharing service will offer a short-term housing for up to 100,000 ukrainian refugees now being forced to flee their country. this is something the company has done in the past during other international conflicts. i am joined by michael tobin. what do we know about airbnb's efforts this time and how does it compare to what they have done in years past? >> airbnb has stepped up and offered to provide short-term housing to up to 100,000 ukrainian refugees coming from the country. the size and scope of what we are seeing out of ukraine is pretty large and people are estimating it is only going to get larger as the conflict progresses. airbnb has helped step up and provide housing to refugees from afghanistan. they were able to provide housing to more than 21,000 refugees and stepped up in the past to provide housing to refugees from syria and venezuela.

emily: how is this operation being funded? is this purely thanks to the generosity of aaron -- of airbnb host? >> that is part of it. people are going to have to open up their home. they are getting support from donors. a lot of the work will have to come from the host themselves. emily: talk to us how airbnb.org fits into the broader company efforts and the longer-term goals. >> i think they are continuing to place an emphasis on the social outreach and humanitarian work. i think this speed they have been able to put this together, the crisis has been going on for a few days. clearly at the top of their mind whenever something happens, they are looking for a way they can help out. emily: we know other companies like uber are pulling employees out of ukraine. they have suspended services in ukraine. what kind of operation does

airbnb have in ukraine and russia and how are they handling this? >> in total, there's about 17,000 short-term listings in ukraine. that is data from a market research company. from when i have seen, there is a good deal of market share that airbnb has within that community. i spoke to a few hosts in a city that connects to the black sea. they said business was going as normal up until the week before the invasion. it sounds like some of those are still in operation. the company said they will you to support hosts and gas but we have moderate anything directly for them. emily: what about in russia? >> in russia, there are about 90,000 active rental units.

i have not checked to see what share airbnb has but it is a much larger market and much larger country. emily: bloomberg's michael tobin, we will continue to follow airbnb's efforts here and see how many ukrainian refugees take airbnb up on this generous offer. thank you for that report. bloomberg has learned i fit valuations fell. the peloton rival now valued at below $3 billion after announcing a restructuring and layoffs. their brands include nordictrack and pro form. coming up, starlink activated. how elon musk is preventing ukrainians from being cut off from the internet. we will explain. this is bloomberg. ♪

emily: welcome back to bloomberg technology. star link, spacex's space-based internet service is active in ukraine. this according to a tweet from elon musk paired the world's richest men promised more hardware is on the way to help ukraine in response to a plea from the country's vice prime minister. joining us with the latest, let -- ed ludlow. talk to us about what star link is doing in ukraine.

>> they have moved so quickly. elon musk tweeted that at 2:00 p.m. we had an image through from ukraine from the same minister and those star link ground terminals have arrived should you see them under the back of the truck. we don't know how many are in their paired that is incredibly fast. bear in mind the starling service was not active in ukraine and was not due to be active until 2023. there have been reports that internet service has been disrupted by a cyber hack this goes some way to helping out the country and staying connected. emily: why is starling so useful for what is going on? >> it is the simplicity of it. inside each of those boxes, there is the receiver unit and a dish. you literally stand outside, point your dish in the sky and hope there is a satellite overhead. we have seen tweets from the ground shown they are getting good connectivity.

the average broadband in the u.s. gives you around 50. at his strong wi-fi you are able to run video on. you can communicate and some of the services have been disrupted because of energy shortages or outages because of russia's military activity. some of these suspected cyber attacks, which have impacted other providers. it is simple. it is quick. we don't know how many receivers they have gotten. emily: how does starling system compared to the kind of internet a ukrainian citizen would normally be able to access? >> part of the problem with elon musk and star link and spacex is how they communicate. all we are going off is tweets and pictures. each box cost around $500. the service is $99 per month paired we have no idea how many boxes are provided. we have no idea who is paying for this pig we have no idea if

this is a one-off publicity stunt or if elon musk will continue to support ukraine through the conflict. all we know is they have done this quickly. starling provided 50 ground sets to tonga after the tsunami and earthquake paid that helped some of the remote parts of the country get back online. it should be helpful in this case as well. emily: we will continue to follow that story. i want to stay on the topic of keeping ukraine connected to the internet and bring in the senior president at palo alto network and a globally recognized cybersecurity leader. i would love it if you could give us a state of play. what is happening in cyberspace at this stage in terms of cyberattacks on ukraine and on russian targets? >> great to see you again today. we are closely monitoring activity occurring in ukraine as well as abroad. in some cases, what we are

seeing is what we would expect. activity targeted at critical infrastructure and government websites within ukraine. we are seeing malware intended to conduct destructive attacks. what we are anticipating next will be attacks in broader sphere. potentially targeted toward europe and the unit states and focused on financial services as well as critical infrastructure. emily: what kind of increasing chatter are you hearing about in terms of cyberattacks on the united states whether businesses or other entities? >> i made a comment about destructive malware attacks. that is an area we are focused on. i think the cyber world and many defenders are prepared for those types of attacks because they are not unprecedented. financial services, critical infrastructure, energy. water and power supplies.

those are areas we would anticipate that as a tax any of the kinetic sphere escalate, we think we will continue to see those attacks targeted toward those entities with the intent of taking services off-line causing disruption, potentially in retaliation for the sanctions. emily: give us your take on the threat level. where is it highest? what kinds of businesses are at risk? >> we are seeing that within ukraine itself and we have that concern we may see that escalate as we move forward within the next stages of the attack. many of us are familiar with the attacks that occurred in ukraine years ago. all i am not convinced we will see an exact duplication, i think any businesses or international organizations with ties to ukraine need to be prepared to big segmenting their

network, identifying and detecting this activity in advance and be prepared to detect and respond quickly to the types of attacks we might see moving forward. emily: one of the world's most successful ransomware groups was targeted for aligning itself with russia. do you think we will see more of this? >> i think the space is incredibly dynamic. you are seeing a lot of emotions generated rightfully so from what we are seeing going on. from that perspective, the attacks that occurred that you are referring to, any time there is a leak of data, we are going to make sure there is information that can be learned from it and we can better secure our defenses moving forward based on the information learned. emily: it is no secret russia is a stronghold for hackers and state-sponsored attacks. how can that sort of hub stand

up to attacks from around the world? >> i think that is going to be interesting to see how that plays out. we have seen attackers leverage information against one another. we have seen a lot of organizations unified based on this invasion and one of the things i'm heartened by is i have never seen the cybersecurity community come together more from the perspective of sharing threat intelligence, we have rival organizations sharing information rapidly. a lot of information being shared between the private and public sectors. i have never seen it at the speed with which we are seeing it. i am cautiously optimistic that is going to help in this circumstance paired emily: what do you think the next stage is? how do you see cyber warriors whether from ukraine come around the world or inside russia upping the nt? >> i think you're going to see a

lot of organizations banding together to share that information. our teams are working around-the-clock to make sure we are understanding specifically what is going on on the ground. i think as the kinetic work around the ground plays out, many of us anticipated cyber would have been the primary domain used already. we are not seeing that as much as we expected so i anticipate we will see that more moving forward depending on how the ground war plays out. emily: wendi whitmore, senior vice president of palo alto networks. thank you for your perspective. coming up, the role of crypto in the ukraine. we will be joined by john wu to talk about the responsibility of platforms, the power of crypto for good or bad, and much more. this is bloomberg. ♪

emily: bitcoin spiking as sanctions on russia to into effect. bitcoin rebounding from a weekend selloff. following growing speculation bitcoin could be used as another means of payment. joining us is ava labs president john wu along with sonali basak. thank you for joining us. a lot of volatility over the weekend. bitcoin spiking now. talk to us about what you see driving these moves based on what is happening in ukraine and russia. >> ironically, i think bitcoin

has rallied on this false narrative that with sanctions, bitcoin and cryptocurrencies are different avenues for russians to move money around. that is absolutely false. it is incorrect. people like to hold onto this old narrative that bitcoin is a black box and a censorship resistant to -- resistant. people forget crypto is transparent. it is actually like an open box where everyone can look inside, see the transactions and be able to decipher if there are abnormal movements around. i think there is speculation that has caused bitcoin to go up recently. the reality is it is not a good way to do fraud. emily: are you saying bitcoin should not be rallying to this extent? >> to the extent it is rallying, the good reason it is rallying is because crypto has been able with speed and efficiency to

raise over $20 million for ukrainian families that need it. it does highlight the technology in different sense. it is speedy. it is scalable. it is also very fast and can be done for a lot of good causes. emily: you have got crypto exchanges under pressure from the public took cut off russian clients. the ceo of crack and said they can't do that unless there is a legal requirement. so why shouldn't we imagine russian billionaires could use cryptocurrency to circumvent sanctions on russia? >> i think jesse has a good point here. that would be equivalent if i link it up to your previous story on star length with elon musk, you are sending messages over the internet so let's cut off messages for everyone in the russian zone. it is impossible to cut off a whole country and to know who is

a good or not a good actor. it would not be right to cut people off like that especially when there is good coming out of it with a 20 million raised for charitable causes in ukraine. >> there are two issues to think about when we are thinking about what is happening across the world. one is this idea you were hitting on earlier about wealthy russian individuals looking to evade sanctions and another issue entirely, which is folks who live in ukraine or people who live in russia, the ordinary person who wants to move their money into crypto because they are worried about being able to be working with there or to transact any rubles. how much of a reality is that and do you see people who are in this scenario starting to move more to crypto because they need to? >> a lot of the activity i

suspect recently and it'll last couple days has been retail driven. there have been third party analytic firms that have done analysis on this. crypto to ruble, that exchange, about 30 billion has been moved in the last couple days. that is most likely and the size of that come has most likely been from retail. it is definitely not the size of a russian oligarch or a sovereign doing it. if you look at the data, it suggested as retail people doing the flight to safety because the russian ruble is down 40%. historically, the option of cryptocurrencies in emerging markets where there is a currency that is not doing well until 2020, there was more adoption in latin america and middle eastern markets because of the worry of inflation and a devaluing currency. i think in this case, it is the

same thing. individuals wearing about their local currency devaluing. darker there's been so much talk about swift and banning russia and certain russian entities. how is the crypto community viewing this and also, i wonder, is there a chance for crypto companies start joining onto the swift network instead? >> i think on the first point, most people in the crypto community sympathize with the unfortunate citizens of the ukraine. to cut off the way to exchange payment for the oil and gas of russia is -- i would be surprised if any crypto people view that is too harsh. the second thing is crypto is a decentralized concept and abstract. it is hard for anyone firm or protocol to regulate like that.

it is decentralized. it is d's -- it is transparent but it is decentralized so anyone can get access to it. emily: at this point, we have not seen any sanctions impacting the movement of crypto currency but given this increased intention, are you expecting any additional regulation or sanctions that could impact the move of digital assets? >> if there were, you would really be hurting individuals in ukraine and individuals and individuals in russia. you are not going to be hurting the sovereign state. were not going to be hurting the treasury of russia, which i think has $600 billion worth of dollars as well as close to that amount in gold. i would worry about gold more than i would worry about crypto because you would be cutting the individuals off.

emily: interesting point. thank you for bringing us some of that additional context along with sonali basak to the pressure keeps mounting on silicon valley to use its power to punish russia for invading ukraine. what they are doing and is it working? that is next. this is bloomberg. ♪

emily: a story will continue to watch. uber is speeding up the sale of its stake in a taxi joint venture with a russian internet company. they will remove uber executives from of board. uber does not hold any shares in the entity but it does have a 29% stake in the venture valued at $800 million at the end of

2021. uber now trying to distance itself from that sale had the pressure on tech companies to use their outsize influence to react to russia's invasion of ukraine continuing to mount. tech companies are being forced to take a stand. i am joined by ashlee vance and of course the host of "hello world." great to have you with us. he spent time in ukraine's third-largest city, which is also its tech hub. what is significant about this place in the context of the war and what do we need to know about it? two i went there a couple years ago. it is a fascinating place. people might not know much during the heyday of the soviet union, it was the major supplier in manufacturing hub of the soviet's icbms and also their most sophisticated rocket engines and rockets for space

missions. it has this multi-decade history of just incredible engineers and scientists that live there. some of the best schools in ukraine. it is a fascinating place and is the heart of ukraine's engineering prowess. emily: you suggested this city could become a target given the depths of the engineering and science talent. what is happening there? is it a target? >> in the first days, i was immediately looking to see what was going on. there is a factory where all the icbms and rockets come out of pure there was a question of, with the russians tried to blow it up? would they try to take it over? my friends early on, there was a huge explosion that took place on the outskirts of the city. people thought it might be the factory.

all the reports i have seen so far, it seems to be the factory is safe. the people are under a lot of pressure. i have friends who were in public relations who are now making molotov cocktails and taking up guns and nobody is clear on what the russians want with these assets. emily: we have been hearing about a number of companies pulling their employees out of ukraine if they can. we are also seeing pressure for companies to cut ties with russia. crypto exchange is being asked to kick off their russian clients. uber distancing itself or trying to distance itself. netflix came out today and said we are still going to serve russia. what do you make of the choices these global companies are facing about how to use their influence to make it hurt? >> it is interesting because

russia along with the u.s. and china is one of the only places that has its own internet where you have all the services you can imagine in the russian language. there is some question of if we kick off these u.s. and european-based services, there are russian replacements. on the whole, u.s. and european companies have had to make compromises for many years to operate in russia. obviously the state of affairs now puts into question if they are willing to continue to keep making those compromises and just in the last month, russia has been leaning on the tech companies to make a new set of compromises around having people in russia behind these services with some of their data. if ever there was a moment for these companies to pick sides and stop making compromises, it would seem like this as it peered emily: if anything, we have seen the strength of the

ukrainian people and the strength of individuals on the grounds rallying. you mentioned your friends making molotov cocktails to stand up to this invasion. how do you think this deep bench of engineering and scientific talent and companies being built for many years now could help the effort? >> it is sad. i cover aerospace a lot and there are a number of aerospace startups and their engineers have been pulled out of the country already to places like bulgaria and the surrounding countries for safety. certainly, there is a sense that russians are obviously very good at computer science and hacking and so are the ukrainians. i am sure they can win on that bench of talent. on the whole, it is a little sad to see what is happening to the tech scene because of this.

emily: something we are going to continue to watch. thank you for bringing us that side of the story. bloomberg's ashlee vance. that does it for this edition of "bloomberg technology." tune in tomorrow. we will sit down with the zoom cfo off the company's latest earnings reports and talk about the latest on the war and much more. this is bloomberg. ♪

>> the big problem behind synthetic biology is that we find a new me to harvest nature we can manufacture things like chemical, fuel and chemical objects. >> biology is ridiculously

yousef: this is "bloomberg daybreak: middle east." our top stories this morning, a mixed picture on the markets as investors digest the latest development in the ukraine. jamie dimon says it may bring unintended consequences. the european union braces were disruptions of a national -- natural gas supply for russia with stopping shipments in retaliation. coyne jumped the most in july

ag