Warning from Europe

U.S. President Joe Biden’s administration said it has helped deliver 100 million Covid-19  shots six weeks ahead of his deadline as several states open vaccine eligibility to all adults. But still, millions of Americans with disabilities are being left behind, and Dr. Anthony Fauci warned that more easily transmitted variants continue to threaten the country’s fight against the pandemic. With or without the blessing of the U.S. Centers for Disease Control and Prevention, cruises for Americans are coming back and so are Disney parks. So too, medical experts warn, may a wave of infection and death if the U.S. isn’t careful. Elsewhere, Paris is back in lockdown, Saudi Arabia’s middle class is struggling to find jobs and strict quarantine rules have Hong Kong’s expat community on edge.

What youll want to read this weekend

The killings at three spas in the Atlanta area highlighted the rising anti-Asian crime in the U.S., prompting Biden to scrap a political event in Georgia and instead deliver an impassioned speech attacking the perpetrators of hate crimes. Here’s how he can stand up for Asian Americans, Noah Smith writes in Bloomberg Opinion.

Junior bankers at Goldman Sachs complained about 100-hour work weeks, saying it’s hurting their mental health (they even made their own chart). For Wall Street, a return to the office may finally be in sight, or at least for JPMorgan’s latest batch of summer interns.

Tesla beware. Volkswagen laid out its vision to be the top maker of electric vehicles, and investors loved it. The company’s elevation to stock market darling has been largely thanks to a string of rapid-fire announcements (a lesson learned from the Tesla). Listen to how competition is accelerating in the EV world.

Semiconductor chip shortages will blight the world for awhile, Anjani Trivedi writes in Bloomberg Opinion. Even Samsung isn’t immune. The situation has worsened so much that even the companies who make the equipment used to make the chips are warning of delays.

Here’s a secret to becoming a truly adventurous eater—ask what’s on your plate after you’ve tried it. Meanwhile the best bargains in the wine business cost under $25 a bottle, and they taste like they’re worth double that.

What youll need to know next week

  • Biden holds his first press conference as U.S. president.
  • The WHO will report on how it thinks Covid-19 originated.
  • EU leaders hold two-day summit, with vaccines high on the agenda.
  • Israel goes to the polls for the fourth time in two years.
  • Yacht merch galore at the Palm Beach International Boat Show.

What you'll want to read in Businessweek

Covid Swab Supply Relies on Angry Cousins 

The pandemic brought the business opportunity of a lifetime to Puritan Medical Products of Guilford, Maine. But even a $250 million infusion from the U.S. government has done little to quell an epic family feud, according to previously sealed legal documents.

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Bloomberg New Economy Conversations with Andrew Browne: Big Pharma joined with governments to deliver coronavirus shots in record time. The successful moonshot could spur future research into other affordable drugs to treat global diseases. Join us March 23 at 10 a.m. ET when Katalin Karikó, senior vice president of Covid vaccine pioneer BioNTech, and others discuss Vaccine Miracles and the New Promise of Science. Register here.

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