Industry leaders convened at Axios BFD Miami on Feb. 13 to discuss the biggest deals in the market, what's driving the news and the future landscape of 2024.
Why it matters: The miss, with computer models shifting significantly on all aspects of the event within 24 hours of the first flakes flying, calls into question scientists' abilities to anticipate extreme weather events.
The biggest snowstorm in more than two years hit New York City on Tuesday, with heavy snow stretching from New Jersey to near Boston.
The big picture: The fast-moving storm that killed at least one person continued to affect travel throughout the region as it exited over Tuesday night, disrupting flights and making driving treacherous following the heavy snowfall rates.
New York City saw its snowiest day in over two years after a winter storm swept across the Northeast on Tuesday, hitting parts of Pennsylvania, New Jersey and Massachusetts as well.
The big picture: The storm put over 40 million people under weather alerts across the region while forcing school closures, disrupting travel and causing power outages.
It wasn't as high scoring an affair compared with prior years, but electric vehicles once again beat their gas-powered counterparts in Super Bowl ads.
Why it matters: The costly buys — millions of dollars for each 30 seconds — reflect "the ability of these spots to drive domestic consumption trends," BloombergNEF analyst Corey Cantor writes.
Diamondback Energy's $26 billion deal for Endeavor Energy Resources will create a new shale powerhouse that will be the largest "pure play" producer in the Permian Basin.
Why it matters: Located in Texas and New Mexico, the Permian region is the most prolific U.S. oilfield. The combined Diamondback-Endeavor entity will have the third largest total production there behind Exxon and Chevron, per Wood Mackenzie.
More than a fifth of the 1,189 migratory species the United Nations monitors are threatened with extinction and 44% are showing population declines, a landmark UN report warns.
Threat level: The biggest threats to creatures including elephants, snow leopards, sea turtles, whales, songbirds and butterflies are habitat loss from human activity and overexploitation, per the UN's State of the World's Migratory Species report, published on Monday.