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Plus: Biden's surprise visit to Kyiv
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Good morning, Quartz readers!

Here’s what you need to know

Facebook and Instagram’s parent company launched a subscription service. The offering, called Meta Verified, costs $11.99 per month and targets content creators.

A slaughterhouse cleaning company was fined $1.5 million over child labor. Packers Sanitation Services, based in Wisconsin, illegally employed more than 100 children in hazardous jobs.

Paul Pierce was fined almost $1.4 million for misleadingly promoting ethereum max. The former NBA star joins Kim Kardashian in the list of celebrities punished for hawking the cryptocurrency.

Cattle ranching is a larger driver of deforestation than coca plants in Colombia. A new study suggests that the focus of the country’s Amazon conservation policy needs to shift.

PepsiCo recalled more than 300,000 bottles of Starbucks drinks. The vanilla chilled coffee drinks were voluntarily pulled after glass was found in some of the bottles.

An art exhibition visitor accidentally broke a $42,000 Jeff Koons balloon dog. The porcelain art piece was knocked off its pedestal during opening cocktails at a Miami art fair.

What to watch for

US president Joe Biden has made a surprise visit to Ukraine today (Feb. 20) ahead of the one-year anniversary of Russia’s invasion as part of a scheduled trip to Poland.

Biden’s trip to Europe coincides with Russian president Vladimir Putin’s annual State of the Nation address, scheduled for tomorrow (Feb. 21). A year ago on that date, Putin recognized Ukraine’s separatist regions of Luhansk and Donetsk as independent and, instead of the customary address, he gave a belligerent speech in the early hours of Feb. 24 before Russian tanks began rolling into Ukraine.

The US has committed nearly $30 billion in military aid to Ukraine since Russia’s invasion, but with the Republican party now holding a majority in the House of Representatives, it remains to be seen how much additional aid US lawmakers will commit to supporting the country.

World Bank leadership needs a shakeup

The World Bank president is stepping down. Appointed by US president Donald Trump in 2019, David Malpass resigned months after he faced criticism for being a climate-change denier. Now, the question is who will take his place.

For the past nearly 80 years, the US has appointed a steady stream of American bankers or economists to lead the institution. It’s high time for a change. As an international institution, it would make sense for the World Bank’s leadership to reflect its global priorities. (After all, diversity in leadership these days is in short supply.)

But it doesn’t seem like the Biden administration is in the mood to break the World Bank presidency’s unwritten code. Rajiv Shah, the head of the Rockefeller Foundation; Samantha Power, the former US ambassador to the UN; and Indra Nooyi, the former CEO of PepsiCo, have been floated as replacements for Malpass—and all three are American.

The label behind BTS wants more control of K-pop

Hybe, the company behind Korean boy band BTS, one of the most popular musical groups in the world, is going on a buying spree.

It recently bought a 15% stake in rival firm SM Entertainment, and reportedly offered to buy an additional 25%. The combined investment would be worth $900 million, good for 40%—and control—of one of K-pop’s most powerful companies. Naturally, the deal is raising the eyebrows of South Korea’s antitrust regulators.

A bar chart showing K-pop's most valuable companies.
Graphic: Scott Nover

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Our best wishes for a productive day. Send any news, comments, disco balls, and ranch pizza to hi@qz.com. Reader support makes Quartz available to all—become a member. Today’s Daily Brief was brought to you by Diego Lasarte, Sofia Lotto Persio, Julia Malleck, and Morgan Haefner.