Corporate America is slowly waking up to equality, but Michael R. Bloomberg writes in Bloomberg Opinion that concrete action is needed. Bloomberg Businessweek says it’s time for the nation’s C-suites to use quotas to fix their whiteness. Take Walmart, for instance: Its share of senior Black executives has actually declined since 2015. In China, Colgate-Palmolive is reviewing Darlie toothpaste, marketed locally as “Black Person Toothpaste.” And in the U.K., whose foreign minister failed to grasp the symbolic meaning of “taking the knee,” the government is fumbling with anti-racism protests.

What you’ll want to read this weekend

Geoffrey Berman, who has investigated close allies of President Donald Trump, said he won’t step down as the U.S. Attorney in the Southern District of New York, after Attorney General William Barr said he’d be replaced with U.S. Securities and Exchange Commission Chairman Jay Clayton.

Wall Street is rewriting how to play the markets, prompting one wealth manager to warn clients to leave stock bubbles to day traders. One possible case in point: Nikola, whose founder exaggerated what his debut truck could do.

Applications for U.S. home loans hit their highest level since 2009, as more Americans take advantage of low rates. New Yorkers are pushing up suburban New Jersey home prices, but cities still appeal to the “young and restless”—they just need a better balcony.

Which business schools best prepare graduates for life after Covid-19? Bloomberg Businessweek gives top ranks to Stanford and Dartmouth’s Tuck School. The World Bank says the current generation of students risks losing $10 trillion in earnings over time due to school closures.

More on the post-pandemic world: The virus is winning, Apple is shutting stores again and the fear of infection is hurting the economy more than lockdowns. People will remain hyperconscious of what they touch. For anyone moving back in with their folks, the crisis means an abruptly interrupted adulthood.

What you’ll need to know next week

• Trump to hold his first live campaign rally in Tulsa, Oklahoma.
• New York City is set to enter Phase Two of reopening.
• Apple Worldwide Developers Conference takes place online.
• John Bolton’s book is scheduled for release.
• The Fed releases stress test results on the largest U.S. banks.

What you’ll want to read in Bloomberg CityLab

Pandemic Travel Patterns Hint at Urban Future

Snapshots of global data paint a picture of where, how and why cities stopped moving. As driving, biking and walking rebound around the world, public transit use has barely returned in many places. Cities are seizing the moment to redesign street space.

Beautiful mountains seen from Kathmandu, Nepal on Sunday, May 10, 2020. The nationwide lockdown has resulted decreased air pollution level of Kathmandu Valley, which consistently ranks among the most polluted cities in the world. (Photo by Narayan Maharjan/NurPhoto via Getty Images)

Photographer: NurPhoto/NurPhoto

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