Covid’s desperate race

The second year of the coronavirus pandemic is quickly being defined by a desperate race. Vaccination campaigns face the growing threat of variants as the pathogen tears through unprotected populations in India, Brazil and elsewhere. At some point, mutations may overwhelm the protection conferred by the current crop of vaccines, prolonging the global health catastrophe. The Bloomberg Covid Resilience Ranking reveals where variants pose the gravest threat right now, and where they do notDavid E. Rovella

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

Here are today’s top stories   

JPMorgan is preparing to offer a Bitcoin fund to wealthy clients, the latest sign that Wall Street is warming to the token after it soared in recent months.

Tesla reported a seventh consecutive quarter of profit on strong demand for its top-selling Model 3 sedan. In a few weeks, billionaire co-founder Elon Musk will have a chance to bask in the limelight when he hosts Saturday Night Live.

China’s government has expanded its antitrust crackdown beyond Jack Ma’s technology empire, launching an investigation into suspected monopolistic practices by food-delivery behemoth Meituan.

Meituan messengers gather in 2019 at a morning team meeting before starting the day’s deliveries.

Photographer: Gilles Sabrié/Bloomberg

The U.S. announced Monday it would send 60 million doses of AstraZeneca’s Covid-19 vaccine abroad as Biden pledged to help India, now at the center of the pandemic with thousands dying daily (though its richer citizens are flying away to safety). The announcement came as Biden faces growing pressure to share the U.S. stockpile of the shot, which isn’t approved for use in the U.S. Here’s the latest on the pandemic.

Texas will gain the most new seats in the U.S. House of Representatives under new Census numbers released Monday following a controversial count during the Trump administration. States in the Democratic-leaning Northeast as well as the Midwest will lose seven seats, shifting more political power to Republican strongholds before the 2022 midterm elections.

Texas and Florida gained seats while California and New York lost.

Source: U.S. Census Bureau

Please, wealthy people, stow your indignation about U.S. President Joe Biden’s proposed capital gains tax increases, Timothy L. O’Brien writes in Bloomberg Opinion. All these bad things that will supposedly happen, he writes, are based not on facts but voodoo.

Freshly immunized and flush with cash, some leisure travelers are splurging on premium seats for their first trips back. Business class is a hot commodity.

What you’ll need to know tomorrow 

What you’ll want to hear in Bloomberg Podcasts

The Shrink Next Door Finally Faces the Music

The psychiatrist who was the focus of Bloomberg’s “The Shrink Next Door” podcast was ordered to surrender his license to practice in New York after violating professional standards in dealings with several patients. Now Bloomberg’s Joe Nocera returns with a final episode of the popular podcast describing how the long, troubled tale of Isaac “Ike” Herschkopf and Marty Markowitz comes to an end.

Isaac Herschkopf and Marty Markowitz in Southampton, New York

Photographer: Photographer: William Mebane

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