Crypto craze gets crazier

The halt in using Johnson & Johnson’s Covid-19 vaccine could last several weeks and risks crimping America’s vaccine drive at a pivotal moment. Our reporter takes you inside a site in Atlantic City, where speed is everything in churning out syringes. But in some states, unused vials are piling up as appointments go unclaimed. In New York, more than half of adults have had at least one dose. Elsewhere, scientists are baffled about why Covid is deadlier in Brazil than India. And concern is growing that China’s shots are less effective than those developed by Pfizer-BioNTech and Moderna.

What youll want to read this weekend

SPACs and meme stocks generated revenue windfalls for Goldman Sachs and JPMorgan, while Bank of America and Citigroup struggled with declining loan growth. To get a shot at a Wall Street job, some Chinese students are paying $12,000 or more to career consulting firms.

In another sign that the crypto craze has grown crazier, Dogecoin is up 18,000% from a year earlier. Heres what to consider before you buy shares in cryptocurrency exchange Coinbase. Black American investors say they need to take bold steps to create wealth and make up for stolen time.

The cleats that soccer star Leo Messi wore are up for auction. And there are still no takers for many of the gaudy slices of Donald Trump’s real estate empire.

The Fear of Missing Out will drive workers back into the office, but employers should embrace flexible working hours post-pandemic. As New Yorkers get back on their feet, so too are the rats that survived a once-in-a-generation food shock.

Tracking carbon emissions becomes harder when Big Oil isn’t involved. A mild spring day in Texas almost prompted another power blackout, and France wants to make flying cleaner by banning short-haul flights when you can take the train instead. 

What youll need to know next week

What youll want to read in Businessweek

U.S., India Fight With China Over Dalai Lama

Tenzin Gyatso, the 14th Dalai Lama—the spiritual leader of Tibetans, who lives in exile in India—turns 86 in July. The choice of his successor is shaping up to be a geopolitical battle between India and the U.S. on the one hand and China on the other. Senior security officials in India have been involved in discussions about how New Delhi can influence the succession.

The 14th Dalai Lama.

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Bloomberg New Economy Conversations With Andrew Browne. Covid-19 has sped up the monetary revolution. China has the first central bank-issued digital currency and Bitcoin is flying high. Will electronic money empower individuals and small businesses at the expense of big banks? Will blockchain remake the modern corporation? Join us on April 20 at 10 a.m. ET for The Ascent of Digital Money. Register here.

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