Trump: ‘I’m Taking It’ | $2,000 Monthly Stimulus Planning | Planet’s Premier Growth Investor

Plus: Bill Gates Recommends What To Read And Binge This Summer

Know Now

• Trump Threatens To Permanently Halt WHO Funding And Reconsider U.S. Membership

• Trump Says He’s Taking Hydroxychloroquine Despite An NIH Advisory Against It

• Rubio To Replace Burr On Senate Intel Committee Amid Insider Trading Probe

• Moderna Reveals ‘Positive’ Data In Coronavirus Vaccine Trial, Markets Spike

• Small World: TikTok’s New CEO Is A Disney Executive

Top Take-Aways

South Korean survivors of Covid-19 who re-tested positive for the disease after making a full recovery are no longer infectious or a risk to their loved ones, adding a new clue to the ongoing mysteries surrounding Covid-19 immunity.

Now that the $1,200 stimulus payments have cleared, more stimulus proposals have been introduced. Plan now for what you’ll do with the money—potentially some $2,000 per month for every member of your household. MORE: Mark Cuban wants the government to give you a $1,000 stimulus check every two weeks.

Data from a beer-centric social media app can be used to track U.S. military personnel, locate secret military installations and get a glimpse of sensitive military documents. 

Can brands help Gen-Z rebuild routines and connections after the pandemic? They’ve been through it: forced online learning, over one in five laid off and anxiety and depression are pervasive.

Turns out Bill Gates doesn't think about the pandemic all the time. He also reads books and watches shows on Netflix. If you want some recommendations from the world's richest bookworm, here's his annual list of summer reads and binges.

"Travel bubbles" are replacing quarantines. The idea is simple: Two or more countries that have successfully curtailed COVID-19 agree to create a bubble and people who live inside the bubble could then travel freely and avoid a mandatory self-quarantine. Can you get in?

Today's Must-Read

In Edinburgh Scotland, a century-old investment firm called Baillie Gifford is turning into the premier growth investor on the planet. The $300 billion (assets) investment firm was a top shareholder in soaring stocks like Amazon (a 100x return), Chewy, Tencent, Shopify, Alibaba and Moderna, so it was already doing well before coronavirus hit.

Then the pandemic caused the economy to stop and markets to implode, Baillie Gifford's portfolio did even better.

As Associate Editor Antoine Gara points out, the firm breaks just about every Wall Street stereotype. Don’t worry, make money. Invest instead of cut. Pursue slow cook projects versus quick profits. “In markets now ruled by quants and dealmakers, Baillie Gifford's investors are historians, philosophers, literature majors, physicists and engineers,” says Gara.

“Our story looks inside the unique culture and world view of what is one of the best performing large investment firms on the planet right now,” Gara says. To report the story remotely, we turned to technologies like Zoom that were already staples in Baillie Gifford's portfolios before the lockdowns came.

Across Forbes

Forbes Advisor: Millions are out of jobs and the economy is now facing a recession because of the coronavirus pandemic. But what exactly is a recession? Forbes Advisor breaks down the basics.