Bloomberg - Evening Briefing - Booster shot ban

One-fifth of one billion. That’s how many coronavirus infections have been confirmed since the pathogen began spreading in earnest 20 months ago, with the actual number almost certainly much higher. More than 4.2 million are dead. A big part of new waves, evolving variants and breakthrough infections is the huge gulf between rich and poor nations. While wealthy countries are considering booster shots for the already vaccinated, billions worldwide have yet to get even one shot. The World Health Organization is calling for a ban on booster shots so as to free up as many doses as possible for the unvaccinated. Meanwhile, the delta variant is wreaking destruction everywhere. In Indonesia, more than 100,000 deaths have been recorded as a result of Covid-19, while in Israel, a full reversal toward work-from-home has begun. But with huge unvaccinated populations across the globe, the arrival of variants more easily transmitted than even delta—and more able to circumvent vaccines—is only a matter of time. “All viruses want to do is reproduce themselves. The ones that do become the dominant virus,” an infectious disease expert told the Washington Post, adding that “variants are likely to get more efficient as time goes on.” In the U.S., while some persist in talking about the pandemic in the past tense, White House adviser Anthony Fauci sounded the alarm about a rising fifth wave of infections: U.S. cases could double in the next two weeks, he said. Even more darkly, Idaho is suffering a surge in Covid-19 infections among babies and toddlers. But in some parts of America, keeping children unvaccinated and maskless has taken priority over keeping them safe from a disease that’s killed 614,000 in that nation alone. Some 668 Americans died from the coronavirus just yesterday. Here’s the latest on the pandemicDavid E. Rovella

Bloomberg is tracking the progress of coronavirus vaccines while mapping the pandemic worldwide

Here are today’s top stories  

A Fed official said interest rates may rise—in 2023. Still, it was enough to send Wall Street investors into a tizzy. U.S. equities slumped after the statement by Vice Chair Richard Clarida. It also didn’t help that July data showed U.S. companies adding far fewer jobs than expected. Here’s your markets wrap.

Richard Clarida Photographer: Andrew Harrer/Bloomberg

Enthusiasm from small-time investors, options trading, Cathie Wood’s endorsement—all the ingredients that make for crazed, meme stock-style trading have come together for Robinhood. And all this just a week after the day trader-fave face-planted in its public trading debut. So what’s behind a surge that’s boosted its shares by as much as 125% in two days?

Global funds accelerated the purchases of Chinese government debt, the best-performing bonds in the world this year, as expectations of policy easing put China ahead of other nations that are moving toward withdrawing pandemic-induced financial supports.

The Biden administration has approved its first arms sale to Taiwan in a potential $750 million deal. It calls for selling Taiwan, which faces increasingly strident talk and nearby maneuvers by Beijing, 40 new M109 self-propelled howitzers and almost 1,700 kits to convert projectiles into more precise GPS-guided munitions.

M109 self-propelled Howitzers advance during the annual Han Kuang military exercises in Taiwan in 2019.  Photographer: Chiang Ying-ying/AP

You’re forgiven if this sounds to you like a video game, but in some ways it is. Cryptocurrency Bitcoin SV was under a blockchain attack Wednesday that appeared to have inflicted some damage to the network. The “51% attack,” an invasion on a blockchain by miners who gain control of more than half a network’s computing power, could enable the intruders to prevent new transactions from gaining confirmations.

Uber spent heavily to lure drivers back during the second quarter after the pandemic caused many to park their cars. The expenditure resulted in a wider loss than expected and raised doubts about the reliability of its labor model long-term. Shares plunged as much as 6%.

The recovery in global air traffic is heading back to the gate. Airline seat capacity is dropping, and is now just 68% of what it was in 2019. 

What you’ll need to know tomorrow 

Those TV Car Ads Might Be Killing Americans 

Those television ads featuring shiny cars racing down city streets, or deep voices touting steroidal pickups to wannabe-tough dads? They sell. The problem is, both speeding and those oversized gas guzzlers kill, too. In 2019, speed was a contributing factor in at least one-quarter of traffic fatalities. Crashes in which pedestrians or other drivers are crushed by massive SUVs or pickup trucks have also skyrocketed. Bloomberg CityLab reports on who is to blame.

Photographer: Sean Proctor/Bloomberg Photographer: Sean Proctor/Bloomberg

Track which countries are winning the most gold. Keep tabs on the latest results at the Tokyo Olympics. We've removed this feature from behind our paywall so you can check in on the Games whenever you'd like.

Like getting the Evening Briefing? Subscribe to Bloomberg.com for unlimited access to trusted, data-driven journalism and gain expert analysis from exclusive subscriber-only newsletters.

Older messages

SEC targets crypto

Tuesday, August 3, 2021

Bloomberg Washington, Wall Street and Silicon Valley all want to know: where does Securities and Exchange Commission Chair Gary Gensler stand on cryptocurrency? In an exclusive interview with Bloomberg

Crypto’s silver tax lining

Monday, August 2, 2021

Bloomberg A handful of investors rattled by Beijing's sweeping crackdown on domestic tech giants are heading for the exits. Indeed, after 40 years of letting the market play an expanding role in

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

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

Robinhood falls flat

Thursday, July 29, 2021

Bloomberg Robinhood has been one of the big financial stories of 2021, what with its starring role as waves of day traders made life uncomfortable for Wall Street shorts. On Thursday though, it was

Adelman's VC-style bets — Lazard pay raises — Brilliant Earth's growth plans

Monday, September 27, 2021

View in browser Insider Finance Insider Finance Subscribe Welcome to Insider Finance. If this was forwarded to you, sign up here. Plus, download Insider's app for news on the go – click here for

Are we running out of power?

Monday, September 27, 2021

Finshots Are we running out of power? In today's Finshots we talk about the power crisis brewing in this country Policy The Story There's a power crisis brewing in this country. Several coal-

📅 We’ll See You There: This Week's Events!

Monday, September 27, 2021

Including: getting back to the financial basics. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

😱 China. Bans. Crypto.

Sunday, September 26, 2021

No one puts bitcoin in a corner | Nike fails to do "it" | Finimize Hi Reader, here's what you need to know for September 27th in 3:09 minutes. 💸 The world's biggest companies are

The Ellevest Debit Card 🤝 Your Budget

Sunday, September 26, 2021

The debit card that makes room for fun. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

🚀 How to get a startup internship

Sunday, September 26, 2021

A cold email template + tips! ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Longreads + Open Thread

Saturday, September 25, 2021

Protein & Wheat Diplomacy, Org Charts, Death, Algorithms, Machiavelli, Strauss ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Bullish sentiment toward crypto assets increases with 8 of 10 people seeing bitcoin bounce above $56,000 by year's end, says Voyager Digital

Saturday, September 25, 2021

Cryptocurrency-asset broker Voyager said 85% of respondents to its sentiment survey believe bitcoin is now in a bull market. View in browser Business Insider Business Insider Business Insider Subscribe

China’s big dilemma

Saturday, September 25, 2021

Bloomberg Follow Us Get the newsletter Everyone's freaked out about China's latest crackdown on crypto and the future of Evergrande Group, the beleaguered Chinese property developer trying to

Weekly Wrapup: There is no such thing as a Free Lunch

Saturday, September 25, 2021

Finshots Weekly Wrapup: There is no such thing as a Free Lunch In this week's wrapup, we talk about the Modern Monetary Theory, Evergrande Crisis, Urban Planning, the Zee-Sony merger, and lastly