India’s spiral into the Covid-19 abyss could threaten the world’s pandemic recovery. Emergency rooms there are experiencing wartime conditions and crematoriums are overwhelmed while one senior doctor said the pandemic hasn’t even peaked yet. Some of the rich have fled by private jet while those who stay have their own exclusive bubbles. With less than 2% of India’s population of 1.3 billion fully inoculated, people desperate for shots crashed a government-run website. Global corporate giants and other nations have begun sending medical aid, though it seems to have had little immediate effect. 

What you’ll want to read this weekend

U.S. President Joe Biden’s vision for government is winning over hearts and minds. For many rich Americans, early retirement is on the agenda after an unprecedented surge in asset values. But financial advisers are telling the 0.1% to buckle up, because the restoration of taxes cut by Republicans, and the introduction of some new ones, could be headed their way.

New York City is set to fully reopen by July 1, but America’s largest city needs to get more people on the subway for it to work, Bloomberg Opinion’s Brian Chappatta writes. Andrew Yang, a front-runner in the race for New York mayor, vowed to tackle increasing anti-Asian violence there.

Ridership on the New York City subway remains far below pre-pandemic levels.

Outgoing Mayor Bill de Blasio said 80,000 city employees are expected to return to their offices on May 3, an “important indicator” to the private sector to follow suit. But as more companies signal it’s time to return to the office, employees are demanding more safety measures.  

There are more than 10 million electric vehicles on the road globally, and the number is only increasing. Bloomberg Green charted the evolution of the battery and has some ideas for what comes next. But the EV-charging companies have a problem—they’ve yet to figure out how to turn a profit.

This Cinco de Mayo, shrimp and beer are the new tequila and tacos. And nutrition experts have some advice on how to avoid a food coma.

What you’ll need to know next week

• The U.S. jobs report could point to a post-pandemic boom.
• Pfizer and Moderna will showcase the business of vaccines.
• General Motors is to explain how severe the chip shortage is.
• Epic’s antitrust case gambit against Apple heads to the courtroom.
• U.K. voters pass judgment on Boris Johnson’s alleged “sleaze.”

What you’ll want to listen to in Bloomberg Podcasts

Her Family Owned Slaves, So She Investigated

Closing the U.S. racial wealth gap might not be possible anytime soon. But if White Americans want to seriously tackle injustice, they might need to start with the truth. A few years ago, Bloomberg’s Claire Suddath explored her own family’s connection to slavery and a plantation in Mississippi. 

James Z. George’s plantation, Cotesworth, in Carrollton, Mississippi

Photographer: Claire Suddath

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