The war in Ukraine has triggered a spike in the price of wheat, which means higher prices for bread. That may be a slight inconvenience for some countries, but for many others with populations who live in poverty, it could mean disaster. U.S. farmers have yet to reap any benefits of those higher wheat prices as well. Car companies are about to pay a lot more if they miss fuel efficiency targets, as federal regulators are more than doubling penalties.

Madeleine Albright, the first woman to serve as Secretary of State, died last week at the age of 84 and became a role model for women’s leadership in the workplace. We look into the legacy she left behind. The war in Ukraine has led to a spike in wheat prices, and farmers in the U.S. aren’t seeing any of the expected benefits of those prices. President Biden is set to announce his budget for the coming fiscal year.

From the BBC World Service: China’s financial capital goes into a two-phased lockdown as COVID-19 cases continue to rise. U.S. Secretary of State Anthony Blinken is in Israel for a landmark summit aimed at reviving the Iran nuclear deal. As Russia’s war in Ukraine continues, European businesses finding way to help the growing numbers of refugees.

The Internal Revenue Service is already facing a mountain of challenges, and this year’s next wave of tax returns (and taxpayers seeking answers) could bog the agency down even further. Christopher Low shares his take on mortgage rates for today’s markets talk. The Biden administration is trying to make a clearer path to federal loans for Native American farmers.

Earlier this week, the European Union unveiled sweeping antitrust legislation aimed at limiting the power of big tech companies. The long-awaited Digital Markets Act targets Big Tech’s “gatekeeper” companies, including Alphabet, Meta, Amazon, Apple and Microsoft. For more, we spoke to Jason Furman, a Harvard economist and senior fellow at the Peterson Institute for International Economics. And, Uber and taxis will be forming an unlikely but seemingly necessary alliance in New York City.

From the BBC World Service: Stronger cooperation on liquified natural gas has been announced between the U.S. and European Union. It’s a move the two sides say will bolster national security and move away from Russian energy dependence, but will not run counter to climate goals. While the environment remains a priority for wider U.S.-EU cooperation, in Poland the issue has been pushed to the back burner as that country works to reduce reliance on Moscow. Plus: Language has been finalized for new legislation aimed at reigning in global tech giants. And, we zero in on the nickel market, which has seen extreme volatility in the wake of Russia’s invasion of Ukraine.

A recent study looked at the effects of the expanded child tax credit on families. Marketplace’s senior economics contributor, Chris Farrell, spoke with us about the study’s findings. Diane Swonk joins us to measure today’s market activity. We look into the Biden administration’s plan to counter racial inequity when it comes to home appraisals. Airlines have asked the president to end COVID travel policies, such as masks on planes.

For this month’s Econ Extra Credit, we featured the 2020 documentary “The Donut King,” which helps illuminate the path that Cambodian-Americans have taken to doughnut-shop dominance in Los Angeles. One of the people featured in the film was Mayly Tao, who spoke to us about navigating the ties that bind immigrant children to their family business. President Biden is in Brussels today, holding talks with NATO and European leaders about how to reduce Europe’s dependence on Russian oil and gas exports.

From the BBC World Service: Russia’s stock market has reopened after a month-long closure implemented after intense volatility following President Vladimir Putin’s decision to invade Ukraine. But how open is “open”? Plus, people fleeing war in Ukraine to Poland are given registration numbers to access services and jobs. And, we discuss how inflation is fuelling widespread protests over gas prices in Spain.