Bloomberg - Evening Briefing - Two long years

Weekend Reading
Bloomberg

Two years. That’s how long the pandemic might last. While the Trump administration has a plan to drastically cut the time needed to develop a vaccine, such an effort could hurt more than it helps. Making sense of all the research can truly be a struggle. Jared Kushner’s “Project Airbridge” is missing some details, including how medical supplies were priced and distributed. Meanwhile, China is trying to prevent a second wave of infection. And alongside shortages, there are now gluts of pigs, milk and brand-new cars.

What you’ll want to read this weekend

Here’s what you need to know about how small U.S. businesses are coping with the economic fallout. Rich Americans are seizing the chance to pass on wealth tax-free, adding to ways in which the pandemic may further worsen American inequality.

Amazon said it may incur a loss this quarter, while Apple didn’t even provide a forecast. Bloomberg Businessweek explores how Exxon Mobil went from an oil juggernaut to just a mediocre company.

Elon Musk let loose on Twitter again, saying Tesla’s stock is too high and that he’s selling most of his possessions. Close to getting the first chunk of a monster pay package, Musk drew some fire (and applause) earlier this week for a shutdown rant.

Bad times are hurting Big Meat, but companies like Tyson mostly have themselves to blame. Chicken is shaping up to be the meat-lover’s savior, but fake meat startups are raking in the venture capital.

America’s restaurants have started reopening, but many aren’t sure how to make it work. Wall Street is trying to figure out how to get back to the office. As for the post-shutdown hotel…sorry, no drinking at the bar.

What you’ll need to know next week

What you’ll want to read in Businessweek

Meet North Korea’s Guy in Spain

Want to do business in Pyongyang? Alejandro Cao de Benós is your man. “I’m the only reachable person,” he said. Cao de Benós began as a teenage fanboy of North Korea’s socialist state and, over time, developed ties to the regime. In 2002, after he’d spent more than a decade as a volunteer cheerleader and propagandist, the nation’s late supreme leader, Kim Jong Il, made him a “special delegate” to the Committee for Cultural Relations with Foreign Countries.

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Older messages

The hunt for antibodies

Friday, May 1, 2020

Bloomberg Follow Us Get the newsletter Dr. Anthony Fauci, the Trump administration scientist who's leading the US response to the pandemic, said it would be “extremely unusual” if patients did not

Jobs catastrophe

Thursday, April 30, 2020

Bloomberg Follow Us Get the newsletter Bill Gates is an optimist. He said that a coronavirus vaccine may take less time than many have predicted— perhaps as little as nine months. The Microsoft founder

‘Sacrificing standards for speed’

Wednesday, April 29, 2020

Bloomberg Follow Us Get the newsletter Governor Andrew Cuomo, pointing to a slowing decline of Covid-19 hospitalizations in New York and the beginnings of a potential second wave in Europe, eviscerated

Covid-19 is here to stay

Tuesday, April 28, 2020

Bloomberg Follow Us Get the newsletter 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

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

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