The votes are still being counted and former Vice President Joe Biden is widely expected to win, but the past few days show America may need to take the drama out of its democracy. Start by fixing the dated electoral system, Marc Champion writes in Bloomberg Opinion. Finance and tech billionaires are emerging as big winners even before a presidential victor has been called. From recreational marijuana to the employment status of gig workers, here are the local ballot measures that passed while you were watching the big race. And if President Donald Trump does lose, his special treatment from Twitter would end.

What you’ll want to read this weekend

AstraZeneca’s coronavirus shot could be ready for large-scale vaccinations as early as this year, according to the company. Hospitals worldwide are warning of overcapacity as infections skyrocket. Denmark is trying to wipeout a new mutation of Covid-19 by culling 17 million mink. And Trump’s chief of staff, Mark Meadows, has told associates he has coronavirus.

The U.S. formally exited the Paris climate agreement, though Biden said he’ll rejoin if elected. Here’s what the Democrat can really do on climate change, even without party control of the Senate. In Europe, meanwhile, October was the hottest on record.

The chaotic unraveling of Jack Ma’s Ant IPO sent a clear message to global investors that China President Xi Jinping is in charge. One in five Hong Kong residents tried to buy shares, but the real bad news for Ma is that billions of dollars were wiped from his net worth.

Midtown Manhattan

Photographer: Jeenah Moon/Bloomberg

New Yorkers and Londoners are ditching the city for the burbs, and some people are pushing for Manhattan’s business districts to become a site for affordable housing. As for New York’s new real-time subway map, not everyone is a fan.

The world’s best bar is in London, but no one can drink there until next month because England has reverted to lockdown mode again. For that hangover, Bloomberg Businessweek has a cure. It’s called piloncillo.

What you’ll need to know next week

• Macron travels to Vienna to discuss recent extremist attacks.
• Apple launches a new Mac; Xbox releases a games console.
• Nikola and Lyft head a list of earnings from corporate upstarts.
• Alibaba holds its annual shopping festival, Singles’ Day.
• The Masters takes place in Georgia, late and without any golf fans.

What you’ll want to read in Businessweek

Trumpism Is Here to Stay, No Matter Who Wins

Regardless of who occupies the White House, one thing is clear. Trumpism isn’t going away. And Trump himself may remain in the political spotlight whatever happens. He’s changed U.S. politics in a way that is perilous for the Republican Party—and will be difficult to undo.

Alison Glowinski removes pro-Trump messages spray-painted on grave stones in a Jewish cemetery in Grand Rapids, Michigan, after Trump held a rally in that city.

Photographer: Jeff Kowalsky/AFP

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