Former U.S. Vice President Joe Biden said he would unveil his choice for a running mate next week. The presumptive Democratic presidential nominee has pledged to choose a woman, and as of last week, said potential picks included four Black women. Individuals he is considering include Senators Tammy Duckworth, Kamala Harris and Elizabeth Warren. Former National Security Adviser Susan Rice is a contender, as is New Mexico Governor Michelle Lujan Grisham. —David E. Rovella

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Here are today’s top stories

Goldman Sachs contends the U.S. dollar is in danger of losing its status as the world’s reserve currency. With Congress negotiating a second rescue package to shore up a pandemic-ravaged economy, and the Fed having swelled its balance sheet by about $2.8 trillion this year, the bank’s strategists warn U.S. policy is triggering currency “debasement fears” that could end the dollar’s reign as the dominant force in foreign-exchange markets.

Meanwhile, Goldman CEO David Solomon has been partying in the Hamptons, opening for the Chainsmokers at a charity event. Solomon took the stage for an hour this weekend, surrounded by animations of cherries and his deejay name, D-Sol, in flashing bubble letters. By Monday evening, however, New York Governor Andrew Cuomo was furious, saying the state’s health department will investigate whether the concert violated coronavirus restrictions. Videos of the event show “egregious social distancing violations,” Cuomo wrote on Twitter. “I am appalled.” About 2,000 people turned up for the event. Groups gathered near the stage and concert-goers without masks congregated outside cars, videos appeared to show. Southampton Town Supervisor Jay Schneiderman was also one of the performers at the event, and Southampton Village Mayor Jesse Warren was emcee. More than 32,000 New Yorkers have died from the coronavirus, and more than 412,000 have been infected.

Moderna’s vaccine candidate succeeded in providing protection against the pathogen in a trial that inoculated 16 monkeys, an encouraging step on the path to a defense for humans. In the U.S., Floridians are under siege, with death rates soaring to new records. According to data provided by state agencies, there were 186 new deaths Tuesday, with a total of 6,117 deaths so far. Hospitalizations also rose by a record 585 to 24,917, according to the state. Globally, Pakistan is at risk for a second wave of virus infections during the upcoming Eid holidays as millions travel to their home towns for family and religious gatherings. Here is the latest.

With Beijing cracking down on Hong Kong civil liberties and its economic prospects uncertain, more bankers are looking to leave. But in a global economy laid low by pandemic-induced shocks, jobs and low-tax countries aren’t easy to find.

When you’re in the space-tourism business, spacious windows are essential. Virgin Galactic has that covered in the cabin of its VSS Unity spacecraft, which the company unveiled Tuesday. It evokes the same upscale aesthetic Virgin Group has pursued for its commercial airlines, airport lounges and hotels. And of course there’s mood lighting. Tickets, however, start at $250,000.

Virgin Galactic's VSS Unity, from the inside.

Mortgage rates have hit the 3% wall. In this unusual downturn, Brian Chappatta writes in Bloomberg Opinion, don’t count on the housing market to conform to past trends: This is what might be going on.

What’s Joe Weisenthal thinking about? The Bloomberg news director says that if you want to really understand gold’s extraordinary rally over the past several weeks, don’t ask a gold bug. They always have the exact same view (“buy gold because of money printing and hyperinflation”). Right now, the common gold bug framework is both seductive and wrong, so it’s better to talk to someone who’s been bullish lately, Joe explains. Naufal Sanaullah, chief macro strategist at Eia Alpha Partners, is up on gold, but not because of money printing or economic failure. He’s actually seen it as a proxy for economic policy success. “Generally speaking the thesis is pretty simple,” he says. “To the extent the reflation works, real yields should go down and metals should go up.”

What you’ll need to know tomorrow

• When it comes to ad dollars, Donald Trump is playing defense.
• U.S. Mint cuts the amount of silver and gold coins available to buy.
• The novel coronavirus isn’t very novel after all, scientists discover.
• Study shows passenger not wearing mask got the virus on a plane.
• Slammed for lack of lockdowns, Sweden says infections are falling.
• This hedge funder is printing money from his Hamptons estate.
• Where you should invest $1 million right now.

What you’ll want to hear in Bloomberg Podcasts

When a Company Becomes the Murder Suspect

In 2010, the Honduran government hosted an international symposium to attract foreign investment, where officials unveiled a new slogan for the country’s economic development plan: Honduras is Open for Business. The plan’s centerpiece was renewable energy. Dozens of new hydroelectric dams would be built throughout the country, the government announced. One was slated for the Gualcarque River, which runs through western Honduras. That project grabbed the attention of environmentalist Berta Cáceres, who spearheaded a campaign to stop the dam’s construction before it could begin. The cause eventually led to her murder. Listen to the second episode of Blood River.

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