Bloomberg - Evening Briefing - Covid-19 is here to stay

Evening Briefing
Bloomberg

Europe was the next place the coronavirus landed in full force after racing through parts of Asia. Now, nations there are taking definitive steps toward reopening, and hoping they don’t trigger a second wave in doing so. Greece starts a gradual lifting of restrictions on May 4, while France will begin unshuttering shops May 11. Harder-hit Spain is waiting a few months before taking similar steps. The news in the U.K. though remains grim. Here is the latest on the pandemic. David E. Rovella

Bloomberg is mapping the pandemic globally and across America. For the latest news, sign up for our Covid-19 podcast and daily newsletter.

Here are today’s top stories

While the U.S. trails Europe by several weeks when it comes to the pandemic’s progression, many states are already reopening, risking a spike in infections, a rush on hospitals and more deaths come summer. On Tuesday, confirmed American infections exceeded 1 million—almost one-third of all coronavirus cases on the planet. More than 58,000 Americans are dead, about the same number who died in the Vietnam War.

China’s top scientists say the coronavirus is here to stay, joining a growing consensus that the pathogen will probably return in waves.

President Vladimir Putin is having a tough time of it. Damaged by an oil war with Saudi Arabia, collapsing prices due to the pandemic and the pathogen itself—which is raging across Russia—he now seems to have another problem. Syrian dictator Bashar al-Assad, it seems, isn’t proving to be sufficiently grateful for Russia’s help in waging a war that’s killed 400,000 people, mostly civilians.

3Mand Merck showed some optimism Tuesday, forecasting that the financial impact of the pandemic will peak this quarter, paving the way for a potential rebound later in the year.

Google parent Alphabet reported first-quarter revenue that rose more than expected, showing demand for advertising was high in the months before Covid-19 hit. But by March, things started to get bad.

Messaging department: First, President Donald Trump mused that Americans may want to consider injecting themselves with (usually poisonous) disinfectant to fight Covid-19, triggering a flood of inquiries and actual attempts to do so all across America. Now, Vice President Mike Pence, having been told of the face mask policy at one of the most prestigious medical facilities in the U.S., made a public show of disregarding it anyway.

The gravest emergency to confront the U.S. in decades has fallen on the watch of a uniquely unfit president, Michael Bloomberg writes in Bloomberg Opinion. At a time when the world should be looking to the White House for wisdom and leadership, it finds only Trump’s characteristic blend of incompetence and dishonesty, the former New York City mayor writes. If he won’t lead the world, others must.

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How To Start a Whisky Collection Right Now

If you like whisky, this is a good time for drinkers and investors, with more diverse bottles available than ever before. A new generation of collectors has embraced a boom in online whisky auctions, too, which offer thirsty aficionados around-the-clock bidding from where you probably are right now: home.

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Older messages

Vaccine optimism

Monday, April 27, 2020

Bloomberg Follow Us Get the newsletter A Covid-19 vaccine could be available for vulnerable groups, like health care workers, as early as this year, according to the Coalition for Epidemic Preparedness

Fear of a second wave

Saturday, April 25, 2020

Bloomberg Follow Us Get the newsletter Normalcy remains a distant, perhaps unattainable dream. But in some places, coronavirus-induced restrictions are beginning to ease—despite stark warnings of the

America’s 50,000 victims

Friday, April 24, 2020

Bloomberg Follow Us Get the newsletter The death toll from the new coronavirus reached 50000 in the US, now the undisputed center of the global outbreak. New York City has suffered the most, with more

Unemployment at 20%

Thursday, April 23, 2020

Bloomberg Follow Us Get the newsletter A New York study measuring the spread of Covid-19 found 13.9% of people tested had signs of the virus. Extrapolated to the statewide population, the results imply

‘Serious rethinking’

Wednesday, April 22, 2020

Bloomberg Follow Us Get the newsletter The Chinese ambassador to the US called for a “serious rethinking” of relations between the two countries, relations which have been deteriorating for some time

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