200 million shots

The story of America and the pandemic has been, up until recently, one of catastrophic failures stemming from a combination of bad luck, incompetence, ambivalence and even negligence, depending on who you ask. The richest nation on Earth squandered many chances to avoid the worst of the Covid-19 disaster, ending up with the most infections of any on the planet. In the process, almost 566,000 people, more than the entire population of Albuquerque, New Mexico, have perished. But in just a few months, the U.S. vaccination campaign has illustrated the kind of success its citizens used to take for granted, having surpassed 200 million shots. But the horizon is darkening again, as a fourth wave gathers amid refusals by some to play it safe a little longer (or to even get vaccinated at all). As the weather warmed last spring, an eerily similar attitude took hold across the South and West. More than 100,000 died as a result. 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   

India’s new coronavirus variant, which has a so-called double mutation, is thought to be fueling the country’s deadlier wave of infections. Second only to the U.S. in number of cases, India has been buckling under the onslaught. In Europe, a whole series of missteps led to what can only be described as a vaccine nightmare. In China, President Xi Jinping called for deeper collaboration with Germany and France in combating Covid-19. Here is the latest on the pandemic.

Institutional Shareholder Services, one of the world’s biggest proxy-advisory firms, told investors to vote against proposals filed with Goldman Sachs and other companies that are calling for independent racial audits. ISS also told shareholders to join with management at Citigroup, Bank of America and Wells Fargo in opposing racial audits at those banks, too.

While Coinbase captured the headlines this week with its market debut, the frenzy around digital tokens took its zaniest turn yet as the price of a token created as a joke went nuts. How nuts? This crazy coin is now worth almost $50 billion.

Since 2020, the boom in SPACs (special purpose acquisition companies) has attracted financiers, former politicians, athletes and celebrities who were more than happy to use their fame to attract deep-pocketed investors (and some $182 billion of their money). But family offices—the discrete, sometimes secretive firms that manage the affairs of the ultra-rich—have been one of the biggest driving forces.

U.S. President Joe Biden began meeting Friday afternoon with Japanese Prime Minister Yoshihide Suga to discuss issues including human rights, Taiwan and supply-chain resilience. China is expected to loom large.

Boeing’s troubled 737 Max, which crashed twice, killing 346 people due to what Congress called a “horrific culmination” of failures, has more problemsElectrical flaws in the cockpit.

Boeing 737 Max airplanes sit parked at the company's production facility in Renton, Washington 

Photographer: David Ryder/Getty Images North America

British industrialist Sanjeev Gupta’s companies seemed to be prospering until his main lender, Greensill Capital, imploded last month. But long before Greensill collapsed, it turns out that several banks had already been backing away.

What you’ll need to know tomorrow 

What you’ll want to read in Bloomberg Pursuits

HBO Gets It Wrong on Qanon: Critic

QAnon is here to stay. That’s clearly not the intended message of Q: Into The Storm, the six-part HBO docuseries focused on the fringe conspiracy theorists and their favorite hypotheses, but it is one you should remember all the same.

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Older messages

Crypto craze gets crazier

Monday, April 19, 2021

Bloomberg Follow Us Get the newsletter 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

Wall Street crushes it

Wednesday, April 14, 2021

Bloomberg Follow Us Get the newsletter A quarter that began with retail investors declaring from their breakfast nooks the demise of Wall Street as we know it ended with big banks reaffirming their

Vaccine pause

Tuesday, April 13, 2021

Bloomberg Follow Us Get the newsletter Use of Johnson & Johnson's single-shot Covid-19 vaccine was paused byline the US government after six women who received it developed a rare and severe

Make the rich pay

Monday, April 12, 2021

Bloomberg Follow Us Get the newsletter United Nations Secretary-General Antonio Guterres is calling on nations to institute a wealth tax to help reduce global inequality exacerbated by the Covid-19

Keeping bankers happy

Saturday, April 10, 2021

Bloomberg Follow Us Get the newsletter President Joe Biden is proposing to unwind many of the tax goodies Republicans pushed through in 2017 that helped corporations and the rich get even richer. The

Longreads + Open Thread

Saturday, July 31, 2021

Precariat, Metaverse, Olympics, Patronage, Warp Speed, Strauss, Oil, Bonds ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Younger and sicker

Saturday, July 31, 2021

Bloomberg Follow Us Get the newsletter The great Return to Office is grinding to a halt. Much of America Inc. had planned to get back to normal come fall, but Covid-19's delta variant had other

Weekly Wrapup: Fox In The Henhouse

Saturday, July 31, 2021

Finshots Weekly Wrapup: Fox In The Henhouse In this week's wrapup we talk about the Chinese ed-tech industry, cigarettes, India's digital currency, chicken prices and Robinhood's much-

Desperate House Hunters Are Making Offers on Homes That Aren’t Even for Sale

Saturday, July 31, 2021

Dream house not for sale? Buyers are making offers anyway. July 30, 2021 MORTGAGES Desperate House Hunters Are Making Offers on Homes That Aren't Even for Sale Dream house not for sale? Buyers are

A lot more contagious

Friday, July 30, 2021

Bloomberg The news around the delta variant in the US keeps getting worse, threatening progress toward any return to some semblance of normalcy. New data released by the Centers for Disease Control and

Is It Time to Sell Your ‘Pandemic Stocks?’

Friday, July 30, 2021

A child tax credit deadline is approaching July 30, 2021 The pandemic forced some abrupt changes, and we're just now figuring out which of those to keep and which to discard. For example, how much

Blackstone's Moment

Friday, July 30, 2021

Plus: Archegos, US Payments, Monzo, Finally ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

FTT Update: This Newsletter Is Not Offsides

Friday, July 30, 2021

​ ​ Hi all, Julie here. Writing this at 6am since WE CLOSE ON OUR HOUSE TODAY! I have to say, the worst part of the mortgage process wasn't all the paperwork, it was getting all of our money into

You And Your Investment Research

Friday, July 30, 2021

Plus! A Successful IPO from Robinhood; Convergence; Underinvestment; Consumer-Friendly Defaults; The Amazon Rollup Boom ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

A look at Robinhood's IPO

Friday, July 30, 2021

Finshots A look at Robinhood's IPO Robinhood is going public after having raised some $2.1 billion on NASDAQ at a $32 billion valuation. So we thought maybe we could look at the company and see