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- ECONOMY
U.K. Steps Up Vaccinations; Japan Eyes Approvals: Virus Update
The U.K. is expanding its vaccination program in a signal that it’s on track to meet its targets in fighting…
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Hackers Breach Thousands of Microsoft Customers Around the World
(Bloomberg) — A sophisticated attack on Microsoft Corp.’s widely used business email software is morphing into a global cybersecurity crisis,…
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U.S. Cases Ease Further With Stimulus on the Way: Virus Update
U.S. Covid-19 cases increased by about 65,000 Friday, in a week in which new infections declined by 12%. Many states…
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What’s in the $1.9 Trillion Stimulus Bill Passed by the Senate
(Bloomberg) — Senate Democrats passed the latest version of the $1.9 trillion stimulus bill after a more than 24-hour voting…
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Italy Hires McKinsey for EU Recovery Funds, Upsetting Lawmakers
(Bloomberg) — A decision by the government of Italian Prime Minister Mario Draghi to recruit consulting firm McKinsey & Co.…
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Biden’s Quiet Style Belies Ambitions Beyond Undoing Trump Legacy
(Bloomberg) — The new U.S. president starts his days with an early morning workout in the gym of the White…
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Curbs Ease Across U.S.; NYC Movie Theaters Reopen: Virus Update
(Bloomberg) — Theaters in New York City, the nation’s second-largest movie market, reopened after a yearlong hiatus. The city’s mayor…
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Forget GameStop. If You Want Real Risk, Invest in Supercars
(Bloomberg Businessweek) — Everyone notices the doors, but few pay much attention to the sills. In 1954, Mercedes-Benz unveiled its…
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World’s Worst Covid Crisis Is Unfolding in Brazil, Where No Fix Seems to Work
(Bloomberg) — More than a year after a spiked virus launched a murderous campaign across the globe, most countries have…
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Jalapeño Popper Chicken Is More Interesting Than Any Old Sandwich
(Bloomberg) — Editor’s Note: As more people are working from home, Bloomberg Pursuits is running a weekly Lunch Break column…
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ETFs Show Balance Is Shifting in Favor of Emerging-Market Stocks
(Bloomberg) — If capital flows into U.S. exchange-traded funds are any indication, investors have begun to favor emerging-market stocks over…
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It’s Too Late for Big Oil’s Pivot to a Carbon Tax
The American Petroleum Institute is debating whether to support a price on carbon. It’s not every day that a top…
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What You Don’t Remember About the Taper Tantrum
(Bloomberg Opinion) — The jump in global bond yields this past month has drawn many analogies to the so-called taper tantrum of 2013,…
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Biden Stimulus Faces Lengthy Final Gauntlet of Senate Votes
(Bloomberg) — Senate Democrats face a gauntlet of Republican attempts to rein in President Joe Biden’s $1.9 trillion stimulus package…
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Saudis Bet ‘Drill, Baby, Drill’ Is Over in Push for Pricier Oil
(Bloomberg) — Saudi Arabia just made a high-stakes wager that the glory days of U.S. shale, which transformed the global…
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UN Security Council Warned of Dire Crisis in Ethiopia’s Tigray
(Bloomberg) — The humanitarian crisis in Ethiopia’s Tigray region continues to deteriorate with the risk of famine and escalating violence…
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Tokyo to Extend Emergency; NYC Gets J&J Shots: Virus Update
(Bloomberg) — New York City has received its first delivery of the one-shot Johnson & Johnson vaccine, Mayor Bill de…
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House Panel Probes Opioid Companies on Tax Breaks for Legal Fees
(Bloomberg) — The House Oversight and Reform Committee is probing whether executives at four drug industry companies plan to use…
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Here’s What’s in the Senate’s $1.9 Trillion Stimulus Legislation
(Bloomberg) — Senate Democrats on Thursday released an updated version of the $1.9 trillion stimulus plan that Majority Leader Chuck…
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U.S. Senate Votes to Take Up $1.9 Trillion Pandemic Relief Bill
(Bloomberg) — The U.S. Senate voted to take up a $1.9 trillion pandemic relief bill backed by President Joe Biden,…
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In Lockdown Brazil, Everyone Is Watching Big Brother
(Bloomberg Opinion) — After a year battling worsening Covid-19, and with new variants on the loose, Brazilians still face bouts…
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NYC Investor Spent $1.5 Million on June Democratic Voter Push
(Bloomberg) — More than 22,500 New Yorkers switched to the Democratic Party amid a $1.5 million campaign led by venture…
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Republicans Shouldn’t Be Democrats-Lite
(Bloomberg Opinion) — Republicans seem to be toying with the notion that the best way to erase the taint left…
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TWo Airline Titans Weigh In on the Future of Flight
(Bloomberg Opinion) — One year into the Covid-19 pandemic and a few months into the vaccine rollout, demand for air…
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Biden’s Relief Debate, Fed Policy, U.S.-U.K. Tariffs: Eco Day
The Senate enters the final stages of debating President Joe Biden’s $1.9 trillion pandemic relief bill on Thursday, with passage…
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Where Are We in Finding the Coronavirus’s Origin?
(Bloomberg) — More than a year after Covid-19 touched off the worst pandemic in more than a century, scientists have…
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South Korea and Taiwan’s Chip Power Rattles the U.S. and China
(Bloomberg Businessweek) — There’s nothing like a supply shock to illuminate the tectonic shifts in an industry, laying bare the…
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Australia’s Inward Turn Earns a Faster Rebound Than Expected
(Bloomberg Businessweek) — A year of border closures is making Australia rethink its embrace of globalization. Before Covid, the country’s…
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Senate Final Vote on Stimulus Likely Pushed Into Weekend
(Bloomberg) — The Senate enters the final stages of debating President Joe Biden’s $1.9 trillion pandemic relief bill on Thursday,…
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Billionaire Lemann Is Stepping Down From Kraft Heinz’s Board
(Bloomberg) — Jorge Paulo Lemann is leaving the board of Kraft Heinz Co., the giant consumer company he helped put…
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Indian Vaccine Effective; Record Deaths in Brazil: Virus Update
(Bloomberg) — An experimental vaccine developed by India’s Bharat Biotech International Ltd. showed 81% efficacy in an interim clinical trial.…
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Snowflake Falls on Slower Product Sales Growth Forecast
(Bloomberg) — Snowflake Inc. dropped in extended trading after projecting its product revenue growth will slow in the current quarter…
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House Set to Pass Elections Overhaul, But Senate Action Unlikely
(Bloomberg) — House lawmakers are slated to pass a landmark bill Wednesday that would overhaul nearly every aspect of U.S.…
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Cuomo Aura of Invincibility Crumbles Under Scandals’ Weight
(Bloomberg) — Andrew Cuomo, who has dominated New York state politics for more than a decade and enjoyed a rising…
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Security Guards Face the Hazardous Job of Enforcing Covid Rules
(Bloomberg Businessweek) — One Sunday last May, Karmen Kolda arrived early for his 11 a.m. shift as a security guard…
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Now Could Be Buffett’s Moment to Lend America a Hand
(Bloomberg Opinion) — From a new presidential slogan of “Build Back Better” to an economy strained by supply chain problems…
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Biden’s State Rescue Dwarfs Tax Hit, Turning It Into Stimulus
(Bloomberg) — Listen to any of the architects of the $1.9 trillion spending package winding its way through Congress —…
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Internet Shutdowns Plunge Millions into ‘Digital Darkness’
(Bloomberg) — India led the world last year in internet shutdowns that affected hundreds of millions of people, as governments…
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Cuomo’s Aura of Invincibility Crumbles Under Weight of Scandals
(Bloomberg) — New York Governor Andrew Cuomo, who has dominated New York state politics for more than a decade and…
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Tokyo to Extend Emergency; Australia Stays Shut: Virus Update
(Bloomberg) — Tokyo plans to ask the national government to extend the coronavirus state of emergency, according to the Nikkei,…
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Warren Backs More Audits for Rich as Part of Wealth Tax Plan
(Bloomberg) — Senator Elizabeth Warren said IRS funding should be bolstered so the richest Americans get audited about once every…
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Republicans Seize on Nursing-Home Deaths to Weaken Democrats
(Bloomberg) — Republicans are weaponizing Covid-19’s nursing home deaths. In recent months, GOP lawmakers have heaped criticism on Democratic governors…
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Asia Rebuffs U.S. Sanctions on Myanmar, Giving Generals Lifeline
(Bloomberg) — As the U.S. looks to build a coalition to further punish Myanmar’s generals, it’s not having much success…
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Bond Tantrum Has Big Silver Lining for Pensions
(Bloomberg Opinion) — As is often the case with large market swings that evoke the specter of a “regime change,” it’s…
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BlackRock Warns of Whipsawed Emerging Markets After Taper Scare
(Bloomberg) — There’s no immediate end in sight for bond investors getting tugged between risk-on rallies and selloffs that rekindled…
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WHO Says Covid Will Rebound; EU Seeking Normalcy: Virus Update
(Bloomberg) — Global cases rose for the first time in almost two months in the past week, mainly in the…
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Biden Ends Trump’s ‘Remain in Mexico’ Rule, and a Border Camp Empties
(Bloomberg Businessweek) — For 10 months, Francisco Caal lived with hundreds of other asylum seekers in a tent city across…
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Escape Artists Accused of Freeing Carlos Ghosn Can’t Evade Reckoning in Japan
(Bloomberg) — Fifteen months after security contractor Michael Taylor smuggled the former Nissan Motor Co. chairman Carlos Ghosn out of…
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J&J’s Covid Vaccine Could Protect Millions — If People Take It
(Bloomberg) — Johnson & Johnson’s Covid-19 vaccine could protect millions more Americans from contracting the coronavirus. The key will be…
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Teacher Vaccine Eligibility Expands in States Where Supply Lags
(Bloomberg) — Within weeks, teachers in most U.S. states will be eligible for Covid-19 vaccines. It’s unclear whether school openings…
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