Greenlight Capital’s David Einhorn warned that not only are technology stocks in an “enormous” bubble, but the “bubble has already popped.” That may be so, but on Tuesday tech shares rose after Advanced Micro Devices announced a $35 billion takeover of another chipmaker. It wasn’t enough however to help the S&P 500, which declined for a second straight day. —David E. Rovella

Bloomberg is mapping the pandemic globally and across America. For the latest news, sign up for our Covid-19 podcast and daily newsletter.

Here are today’s top stories

President Donald Trump and Democratic nominee Joe Biden began making their final pitches to voters (though tens of millions have already voted), with the former vice president evoking the legacy of Franklin D. Roosevelt in a speech near the wartime president’s Georgia retreat, promising to heal the nation from a set of cascading crises. The Trump administration, in a bid to end a multistate lawsuit over its alleged attempts to slow delivery of mail-in ballots, told a federal judge mail delays during an election can’t be unlawful. 

U.S. regulators are shelving a controversial plan to allow most hedge funds to keep their stock investments secret.

A pre-election coronavirus bailout package is now next to impossible after the White House appeared to bail out on negotiations.

The U.K. and France just reported their highest daily Covid-19 death tolls since the spring, as nations including the Netherlands, Italy, Romania, Iran and Kenya reported record infections. More potential vaccines and treatments are running into trouble in the final stages of trials, and the U.S. strategy of relying on their future use rather than precautions like testing, masks and social distancing may doom the worst-hit nation to fighting the virus through 2023. As America’s infection rate flies off the charts, more people are again hoarding food. Current Covid-19 hospitalizations across the entire country have climbed 37% as a third surge spreads in 32 states, crushing hospitals as it goes. America continues to lead the world with 8.7 million confirmed infections and more than 226,000 fatalities, or approximately one-fifth of the global total on both counts. Here is the latest on the pandemic.

The confirmation of Amy Coney Barrett by the Senate Monday night cemented a 6-3 Republican-appointed majority on the U.S. Supreme Court. As a favorite of the religious right, Democrats fear her controversial ascent to the bench will mean the end of the Affordable Care Act and perhaps legal abortion. Critics of the nomination (and Trump) have said she could play a critical role in any high court rulings over the Nov. 3 election. The current conservative majority on Monday sided with the White House in its efforts to restrict absentee and mail-in voting despite the threat of coronavirus infection posed by in-person voting.

Adding to a string of acquisitions, private equity-backed Inspire Brands is poised to sign the restaurant industry’s second-largest deal ever as it plans a blockbuster $12 billion takeover of Dunkin’ Brands.

What’s Joe Weisenthal thinking about? The Bloomberg news director says the term K-shaped recovery has become a surprisingly popular meme over the past several months, as some parts of the economy boomed while other cratered. Though the unemployment rate skyrocketed, many holders of financial assets are doing extremely well. But in a sense, this is nothing new, Joe says, and all crises and downturns have K-shaped results. What’s notable this time is how rapidly things unfolded. Years of economic change have been compressed into 6 months. And so we can see the unequalizing effect that downturns manifest in almost real time. 

What you’ll need to know tomorrow

• The world’s biggest ETF is losing cash faster than its rivals.
• Sheldon Adelson is thinking about leaving Las Vegas.
• China isn’t rising to superpower status; it’s returning to it.
• Louisiana is about to get slammed by its fifth hurricane this season.
• Retailer’s lament: “Amazon ruined my life, and I did nothing wrong.”
• Businessweek: Arrested for weed at 13, he sells it legally at 27.
• Homebound Americans really want Italian deli meats.

What you’ll want to read tonight

This Airplane Parking Lot Has Never Been Busier

Aircraft engineer Dan Baker expected his career would let him see the world. Since starting as an apprentice at age 16 with British Airways, it’s taken him to Africa, the Caribbean, the Middle East and New Zealand. Now he’s in the middle of a desert at the very center Australia, watching over a vast herd of grounded jumbo jets.

Like Bloomberg’s Evening Briefing? Subscribe to Bloomberg All Access and get much, much more. You’ll receive our unmatched global news coverage and two in-depth daily newsletters, The Bloomberg Open and The Bloomberg Close.

More investors than ever are seeing the benefits of incorporating sustainability into their portfolio strategies. Join us for Bloomberg’s Sustainable Finance Week, Nov. 30 to Dec. 4—five days of virtual events and insight, designed to accelerate the mainstreaming of sustainable finance.

Download the Bloomberg app: It’s available for iOS and Android.

Before it’s here, it’s on the Bloomberg Terminal. Find out more about how the Terminal delivers information and analysis that financial professionals can’t find anywhere else. Learn more.