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The 7The 7


MONDAY BRIEFING: PRESIDENT XI’S RUSSIA VISIT; UBS TAKEOVER OF CREDIT SUISSE;
MARCH MADNESS HIGHLIGHTS; NOTRE DAME; AND MORE

By Jamie Ross
and 
Tess Homan
Updated March 20, 2023 at 7:15 a.m. EDT|Published March 20, 2023 at 6:31 a.m.
EDT

(Illustration by Katty Huertas/The Post)
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1

Chinese President Xi Jinping arrived in Russia this morning.

 * The details: He’s meeting with Russian President Vladimir Putin in his first
   trip to Moscow since Russia invaded Ukraine last year.
 * Why it matters: It sets the scene for a global confrontation, with China and
   Russia lining up against the U.S. and NATO allies.
 * What else to know: Putin visited occupied Mariupol in Ukraine on Saturday
   after the International Criminal Court issued a warrant for his arrest.


2

Two Swiss banking giants are combining.

 * Why? Credit Suisse is in trouble. It’s being taken over by Switzerland’s
   largest bank, UBS, officials announced yesterday. This is supposed to calm
   fears of a global banking crisis.
 * In the U.S.: The Federal Reserve will decide this week whether to raise
   interest rates again.
 * Why that matters now: The banking turmoil over the past two weeks was an
   unintended consequence of higher interest rates, which were meant to fight
   inflation.




3

Donald Trump asked his supporters to turn out and protest tomorrow.

 * Why? The former president claimed he’s going to be arrested in a New York
   investigation, although his advisers said they don’t know when — or if — an
   indictment is coming.
 * Why it matters: Trump’s message on Saturday echoed the rhetoric he used
   before the unprecedented Jan. 6, 2021, attack on the U.S. Capitol.

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4

California could soon begin phasing out diesel-powered trucks.

 * What to know: The EPA plans to grant a waiver allowing the state to enforce
   strict pollution limits for heavy-duty vehicles starting next year.
 * Why it matters: It could have a huge effect on air quality and jump-start the
   nation’s transition to electric-powered trucks.


5

Long-covid symptoms are becoming less common.

 * What to know: Americans infected with the omicron variant are less likely to
   develop long-covid symptoms than those exposed to the coronavirus earlier in
   the pandemic, a new study found.
 * Why it matters: Millions of people in the U.S. are struggling with
   long-lasting effects of the disease. These findings could help explain who is
   vulnerable and why.


6

March Madness lived up to its name this weekend.

 * The big stunner: Fairleigh Dickinson took down Purdue on Friday night,
   becoming the second No. 16 seed in men’s NCAA basketball tournament history
   to topple a No. 1 team.
 * What’s next? The Sweet 16 is set, and games start Thursday. Only two No. 1
   seeds — Alabama and Houston — are still in play. (See the full bracket.)
 * In the women’s tournament: Stanford became the first No. 1 seed to fall last
   night. The Sweet 16 will be set after today’s games. (See the full bracket.)

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7

Notre Dame in Paris is slowly getting ready to reopen after a 2019 fire.


 * A reminder: The blaze gutted the famous cathedral in France’s capital and
   collapsed its spire.
 * Where things stand: The monument is being pieced back together, and
   carpenters are making what will become its new spire. The reopening is set
   for next year.

And now … what would your four-day workweek look like? Use our calculator to
find out. Plus, it’s the first day of spring. Enjoy!

Want to catch up quickly with “The 7” every morning? Download The Post’s app and
turn on alert notifications for The 7 or sign up for the newsletter.

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