Convert a String^ to wstring C++

I programmed a little Application in C++. There is a ListBox in the UI. And I want to use the selected Item of ListBox for an Algorithm where I can use only wstrings.

All in all I have two questions: -how can I convert my

    String^ curItem = listBox2->SelectedItem->ToString();

to a wstring test?

-What means the ^ in the code?

Thanks a lot!

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