Bloomberg - Evening Briefing - Huge vaccine deal

Evening Briefing
Bloomberg

After three days of gripping video and personal accounts of the Jan. 6 assault on the U.S. Capitol, House prosecutors concluded their case against Donald Trump in his second Senate impeachment trial. Trump’s lawyers are expected to present their defense on Friday and may only need one day for arguments. President Joe Biden, who has avoided commenting on the proceedings, said Thursday that he believed “some minds may have been changed” by the vivid case presented by House impeachment managers. Republicans for their part said the Democrats’ presentation was very effective, though there’s little indication that enough of them would be moved to convict Trump on the sole count of incitement of insurrection. Margaret Sutherlin

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

Here are today’s top stories  

Even as vaccines are distributed to the oldest Americans, their share of Covid deaths in the U.S. hasn’t abated. Biden announced that the U.S. has finished deals for 100 million additional vaccine doses each from Pfizer-BioNTech and Moderna, and that the companies would deliver new and existing orders quicker than projected. While the orders had been previously announced, the delivery dates for additional shots were moved up to the end of July.  Dr. Anthony Fauci predicted most Americans would be eligible for a vaccine by April, but it could take additional months to meet demand. In Europe, countries remain on high alert over the highly infectious and potentially vaccine-resistant South African version of the pathogen. Germany announced it would restrict travel from Austria and the Czech Republic, two countries where the variant has been spreading. Here's the latest on the pandemic

U.S. stocks dropped for a third day after jobless claims showed a recovery still struggling for momentum. Bitcoin, meanwhile, continued to surge to fresh highs after Mastercard and Bank of New York Mellon moved to make it easier for customers to use cryptocurrencies. Here’s your markets wrap.  

Bumble, the dating app where only women can make the first move, climbed as much as 85% in its trading debut. The 31-year-old CEO, Whitney Wolfe Herd, joined the very small group of self-made, billionaire women with the initial public offering.

Whitney Wolfe Herd 

Walt Disney posted a surge in Disney+ subscribers and lower losses at its Covid-crippled theme parks, helping the world’s largest entertainment company return to profit in the latest quarter.

A semiconductor chip shortage is causing major headaches for industry around the U.S., including automakers. Biden is expected to sign an executive order directing a major chip supply chain review and plans a deeper look at the industry, which has been plagued with issues for years. 

As MacKenzie and Jeff Bezos, the Amazon power couple’s charitable donations were mostly unremarkable. But then came a divorce. MacKenzie Scott’s $6 billion gift upstaged her ex-husband, and may have made her one of the most consequential philanthropists of her generation.  

Hope among upper-income and middle-class taxpayers for a repeal of the $10,000 cap on state and local tax deductions, a 2017 law pushed by  Republicans that Democrats contend was aimed squarely at blue states, appears to be on hold. 

What you’ll need to know tomorrow 

What you’ll want to read in Bloomberg Citylab

Why Cant the Government Stop Evictions?

A patchwork of protections has so far prevented the “tsunami” of evictions that housing advocates feared the pandemic would trigger. But in many U.S. cities, the number of filings is growing

Protesters rally in Boston to prevent evictions across Massachusetts.

Photographer: MediaNews Group/Boston Herald vi/MediaNews Group RM

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