Bloomberg - Evening Briefing - Bitcoin rises again

A 31% plunge in the morning. A 33% surge in the afternoon. Such was the wild ride Bitcoin took investors on Wednesday, lopping off billions of dollars in value before comments from some big name-fans helped propel it skyward again. The extreme price swings, crazy even for an asset known for its intrinsic turbulence, caused outages on major crypto exchangesDavid E. Rovella

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

Here are today’s top stories  

Daily deaths from the coronavirus in India reached a record and new cases in Malaysia rose to their highest since the pandemic began. Taiwan extended a soft lockdown island-wide while Covid-19 continued to rampage through Thailand’s prisons. France loosened a months-long lockdown, allowing restaurants to serve customers on terraces while cinemas and museums also reopen. New York state, once a global epicenter of the crisis, reported its lowest infection rate since September. Here is the latest on the pandemic.

An iceberg the size of Majorca has broken off the coast of Antarctica, with measurements taken from satellites and planes confirming it’s now the world’s largest.  

The iceberg has calved from the Ronne Ice Shelf in the Weddell Sea, off Antarctica.

It’s the latest twist in the world of blank-check mergers: A company plans to go public with a SPAC (that’s a special-purpose acquisition company for the uninitiated) and use it to buy back an affiliate that it took public. How does it plan to do that? By using another SPAC, of course.

European Union governments agreed to allow quarantine-free travel for vaccinated tourists and visitors from countries deemed safe, paving the way for the resumption of hassle-free trans-Atlantic flights. Ambassadors from the EU’s 27 member states backed a proposal to waive quarantine for those with coronavirus inoculations approved by its drug regulator. The approval could be finalized this week.

U.S. Senate Minority Leader Mitch McConnell joined other Republicans in opposing a plan for a commission to investigate the unprecedented Jan. 6 attack by Donald Trump followers on the Capitol, in which five people died and Congress was ransacked. McConnell’s move casts doubt on whether lawmakers can come to agreement on an independent probe of the deadly insurrection. Meanwhile, the former president, assailed for stoking the crowd that moved to sack the seat of U.S. democracy, faces a new criminal probe.

Trump supporters inside the U.S. Capitol on Jan. 6. Photographer: Roberto Schmidt/AFP/Getty Images

The U.S. will hold off on punishing the company overseeing construction of the Nord Stream 2 pipeline from Russia to Germany, a move that’s meant to bolster ties with Berlin but left President Joe Biden open to attack for being soft on Moscow.

Dozens of consumers who were scammed by Elon Musk impersonators taking advantage of the current cryptocurrency craze are begging the Federal Trade Commission for help getting their money back.

What you’ll need to know tomorrow 

Your Pile of Frequent Flyer Miles Is In Danger

If you spent the pandemic holed up at home, dreaming of the day you can jet away on vacation using all those miles you’ve banked, you may want to wake up, Bloomberg Wealth warns. That mountain of frequent flyer miles you’re sitting on may soon start shrinking.

Photographer: Nicky Loh/Bloomberg Photographer: Nicky Loh/Bloomberg

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Older messages

Crypto gets hammered

Tuesday, May 18, 2021

Bloomberg The Colonial Pipeline, the crucial US fossil fuel conduit debilitated by what federal authorities said was a foreign cyberattack, ran into trouble again, leaving customers in the dark about

Biden’s turning point

Monday, May 17, 2021

Bloomberg Monday was arguably a turning point in the US fight to tame the coronavirus, which has infected and killed more Americans than citizens of any other country on the planet. Desperate to right

Inflation fears takes hold

Saturday, May 15, 2021

Bloomberg Follow Us Get the newsletter Concern is growing about US inflation as consumer prices surge. Just about everything—from seafood to doughnuts and bagels—now costs more in grocery stores.

Amazon has the keys

Friday, May 14, 2021

Bloomberg The Biden administration said it will begin updating its guidance for travel, schools and other sectors, likely further relaxing rules across the US after health officials largely lifted mask

Pipeline rebooted

Friday, May 14, 2021

Bloomberg Follow Us Get the newsletter The largest gasoline pipeline in America is returning to service, according to the company that runs it, after a cyberattack choked fuel supplies across the

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