Russian McDonald's 🍔 — The Russian government warns US companies that their assets could be seized. COVID outbreaks are forcing shutdowns in China. And electric vehicles are more popular than ever.

Russian prosecutors threatened several major companies with arrests and asset seizures in response to Western sanctions. Signs of a COVID outbreak across number of cities in China have sent tens of millions of people into lockdown and caused a major Apple supplier to halt operations in the southmost city of Shenzhen, which analysts believe may worsen inflation. As gas prices reach unprecedented heights, so has the demand for electric cars in Canada, a recent survey found that 62% of dealerships’ EV wait times exceed 3 months. Celebrating something? Let us know for a shoutout here: https://thepeak.typeform.com/to/GuHjLDoa Celebrating something? Let us know for a shoutout here: https://thepeak.typeform.com/to/GuHjLDoa The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.