A last minute Brexit deal may not be the one that got away. Britain and the European Union look set to seal a historic trade accord in time for Christmas after negotiators reached a compromise on fishing rights. The negotiating teams are still working to finalize the wording of the agreement, which will formally complete Britain’s separation from the bloc almost five years after a 2016 referendum. —David E. Rovella 

Bloomberg is tracking the progress of coronavirus vaccines while mapping the pandemic globally and across America. 

Here are today’s top stories 

The mutant coronavirus strain has Asian nations shutting down travel links with the U.K. So far, Covid-19 shots have been given to more than 2.6 million people in six countries. Pfizer and partner BioNTech agreed to supply an additional 100 million doses of their vaccine to the U.S., where some states are doling it out faster than others. Here is the latest on the pandemic.

Economists have run through a lot of letters this year in trying to describe a path out of the coronavirus recession. We’ve heard about recoveries shaped like a V, U, L and K. But as Bloomberg Businessweek reports, how we dig ourselves out of this particular hole may require a whole new alphabet.

Bitwise Asset Management is dumping what was the world’s third-largest cryptocurrency after Ripple Labs and its top executives were accused by U.S. regulators of selling more than $1 billion of unregistered virtual tokens.

President Donald Trump vetoed a $740 billion defense bill he has criticized in part because it mandates renaming bases currently named for men who fought against the U.S. in the Civil War. A Congressional override is possible.

A Turkish fertilizer producer expects to net $3 billion of profit from a gold discovery that could allow its parent to fulfill its ambitions of starting an Islamic bank.

As researchers from Silicon Valley to Washington race to understand the full impact of the massive cyber-attack allegedly perpetrated by Russia, a new theory about the hack’s true motive is emerging. 

The worst fiscal crisis in decades is pitting U.S. states against one another over billions of dollars in taxes from residents working from home. New Jersey and Connecticut joined a legal battle to stop neighboring states (there is a really big one between the two) from taxing residents who, due to the pandemic, have stopped commuting over state lines. 

What you’ll need to know tomorrow

• Exxon is hiding its carbon future from the world, and investors.
• When money is free, lenders start charging for everything else.
• Trump throws a wrench into the second coronavirus bailout plan.
• House Republicans say they’ll block a bid to increase bailout checks.
• Russia complains incoming Biden administration is “deeply hostile.”
• Who is behind the massive Google antitrust litigation? Oracle.
• European human rights court is hacked after ruling on Turkey.

What you’ll want to read in Bloomberg Pursuits

Vaccines Mean Hotel, Airline Prices Will Rise

The arrival of a coronavirus vaccine has the U.S. travel industry preparing for a rebound in demand following a historically terrible year. After months of deep discounts, with hotels offering lavish perks and airlines dangling fares such as $21 from New York to Florida, prices are set to make up at least part of the ground they lost.

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