Bloomberg - Evening Briefing - Covid winter is coming

Weekend Reading
Bloomberg

Coronavirus infections are resurgent globally, triggering new lockdowns in Europe and rising death tolls in the American interior. Londoners and Parisians are braced for stricter clampdowns on their social activities, while the virus is spreading like wildfire across the U.S. Midwest. The U.S. Food and Drug Administration said a series of vaccine trial halts were part of the regulators safety precautions. More hospitals in America are risking bankruptcy in the latest infection wave. And a top World Bank economist warned a major financial crisis could emerge from the pandemic.

What you’ll want to read this weekend

Americans are shattering voting records, with millions of Democrats casting ballots early. The financial markets are turning increasingly skeptical though about the chances of a “Democratic sweep” in the Nov. 3 election. Here’s what could go right, or very wrong, on election night.

Robinhood’s internal probe found almost 2,000 accounts were compromised, another reason why digital traders should change their passwords frequently. And to ensure mainstream traders aren’t breaking any rules, banks are monitoring their workers’ homes.

North Korea could face its worst famine since the 1990s, while some some countries are hoarding food as prices climb. A slump in trick-or-treating in America this Halloween could hit cocoa farmers in Africa.

The Grand Theatre in Hamhung, North Korea.

Photographer: Carl Court/Getty Images AsiaPac

Netflix and Amazon are rewriting Bollywood rules to attract more women to their shows. K-pop band BTS members made millions of dollars as their agency’s shares jumped in an IPO. Pop Smoke, who was killed in February, became the second rapper to rule the charts posthumously. 

Hilton’s head of luxury brands said this winter will be the start of a travel turnaround, but some countries don’t want mass tourism to come back. Meanwhile, the chef-owner of Eleven Madison Park is offering you a $275-kit to make your own dinner. 

What you’ll need to know next week

What you’ll want to read in Businessweek

Motorcycle With a Retro Chases Down Harley 

Royal Enfield’s success in bringing bike culture to India’s millennial and Gen Z demographics has started to turn heads outside the country. The company is now making a high-stakes bet on the U.S. and Europe, hoping its stylish, low-cost bikes can win over young Western consumers.

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Vaccine trouble

Tuesday, October 13, 2020

Bloomberg Follow Us Get the newsletter Eli Lilly said enrollment of participants in a clinical trial of its antibody treatment for Covid-19 has been paused due to a potential safety concern. The news

The $16 trillion pandemic

Monday, October 12, 2020

Bloomberg Follow Us Get the newsletter The Covid-19 pandemic will exact a $16 trillion toll on the US, which is four times the cost of the Great Recession, according to former US Treasury Secretary

A new virus record

Friday, October 9, 2020

Bloomberg Follow Us Get the newsletter The US is headed for its worst week of Covid-19 in months as a resurgence takes hold in the Northeast and outbreaks in the Midwest result in unprecedented death.

Worse news to come

Thursday, October 8, 2020

Bloomberg Follow Us Get the newsletter The number of Americans seeking unemployment benefits for the first time fell last week by 9000 to 840000, according to US government data. Continuing

‘Tragic scenario’

Wednesday, October 7, 2020

Bloomberg Follow Us Get the newsletter US House Speaker Nancy Pelosi signaled openness to an airline-relief bill after President Donald Trump pulled negotiators from talks over a second coronavirus

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