Wall Street has some thoughts on how New York should handle the Covid vaccination process. Goldman Sachs, JPMorgan, Citigroup and KKR executives are pressing state officials to let them help. “Our economy will not recover, and we won’t be able to get people back into the office” without the shots, Goldman CEO David Solomon said. New York is running out of doses to distribute and business leaders worry any further delay will keep the financial hub empty. In Washington, President Joe Biden signed a litany of economic executive orders as Republican efforts to block his $1.9 trillion Covid-relief plan grow. Outside the Beltway, value-investing legend Jeremy Grantham warned that Biden’s economic-recovery plan will propel stocks to perilous new heights, to be followed by a crash rivaling that of 1929. —Margaret Sutherlin

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

Here are today’s top stories  

Former President Donald Trump’s impeachment is heading to the Senate on Monday, triggering a trial. The House impeached Trump Jan. 13 on a single charge: for inciting a deadly insurrection at the U.S. Capitol on Jan. 6. House Speaker Nancy Pelosi and Senate Majority Leader Chuck Schumer have been navigating when to hold the trial—balancing Biden’s cabinet confirmations and Covid bailout package. Senate Minority Leader Mitch McConnell has pushed for a delay.

The U.K. delivered grim news that a new Covid variant, previously thought only to be more infectious, could actually be more deadly. Prime Minister Boris Johnson signaled the lockdown there could remain in place until summer. France’s infections topped 3 million, which could lead to new restrictions. South Africa, which is also struggling to contain a more infectious mutation, saw its death toll top 40,000. Local media reported areas of Hong Kong are preparing to re-enter lockdown to control a worsening outbreak. Here’s the latest on the pandemic.  

A medical team assists a patient in London, England, as a Covid-19 mutation sends cases soaring across the U.K.

Photographer: Leon Neal/Getty Images Europe

The sharp selloff in Bitcoin this week is renewing questions about the sustainability of the cryptocurrency boom. Prices tumbled about 12% this week, marking the steepest decline since September. Bitcoin was higher on Friday, pushed back above $32,000 after a series of wild swings. Here’s your markets wrap.

The fight against election misinformation has a new target: your cable company. Critics of right-wing cable channels that publicized falsehoods about the 2020 vote, and Biden’s victory, say they should be dropped by providers.

Army General Lloyd Austin was approved by Congress as Biden’s defense secretary, becoming the first Black leader of the U.S. military.

Army General Lloyd Austin

Photographer: Chip Somodevilla/Getty Images

Is there a better way to collect data on homelessness in America? Bloomberg CityLab reports local leaders are using 2021 as a reset since so many homelessness counts were canceled in 2020 due to Covid-19.

As if we needed any more proof of the power of the day trader, just look at Gamestop. The tiny stock soared 105% on Friday after an army of angry Redditers took on a Citron Research short-seller.

What you’ll need to know tomorrow 

• Trump campaign paid millions to pre-insurrection rally organizers.
• Elon Musk is ready to take on the telecom giants.
• Biden has a clear path to cancel billions in student debt.
• Samsung is considering Texas for a $10 billion microchip factory.
• Wealthy American women say the “she-cession” is hitting them, too.
• Hank Aaron, who broke Babe Ruth’s home-run mark, is dead.
• Forget the mittens; Bernie Sanders’ inauguration coat is selling out.

What you’ll want to read tonight in Businessweek

Amazon, Apple Should Prepare for Antitrust Suits

Attempts to curb allegedly anticompetitive behavior by large technology companies got serious in 2020, with lawsuits against Alphabet’s Google and Facebook. The other two companies at the center of the storm—Apple and Amazon—have yet to face similar legal action. Now that Democrats control federal enforcement agencies, some experts say that’s going to change.

Shoppers at an Apple store in New York City. 

Photographer: Noam Galai/Getty Images North America

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