It caused Russian markets to rally. It has been called "a landmark event" and a development of "colossal significance."
And it happened so fast, I had to entirely change my plans for this week's podcast.
It, of course, is the sudden release of jailed former oil executive Mikhail Khodorkovsky after more than a decade as Russia's most famous political prisoner.
On the latest Power Vertical Podcast, I discussed Khodorkovsky's release and what it might portend with Kirill Kobrin, editor of the Moscow-based history and sociology magazine "Neprikosnovenny zapas"
and NYU Professor Mark Galeotti, an expert on Russia's security services and author of the blog "In Moscow's Shadows
The discussion went on in real time, as Khodorkovsky's release was unfolding -- so please bear with us.
Also on the podcast, Kirill, Mark, and I took a look at Vladimir Putin's quixotic bid to claim the mantle of the "world conservativism's new leader
Listen to or download the podcast above or subscribe to "The Power Vertical Podcast" on iTunes.