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- ECONOMY
Pharma CEO Faces Personal Fight for a New Breed of Organ Donors
(Bloomberg Businessweek) — “I went right ahead and did research on my own and found out what he was saying…
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U.S. Men’s Soccer Group Joins Women’s Team in Pay Fight
(Bloomberg) — The labor organization for the U.S. men’s soccer team and the Equal Employment Opportunity Commission filed court papers…
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U.S. Renters Face Evictions; Florida Cases Soar: Virus Update
The U.S. House of Representatives failed to pass legislation that would have extended a national moratorium on renter evictions, leaving…
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Deutsche Bank Struggles With Slew of Departures in U.S. Wealth
(Bloomberg) — Deutsche Bank AG has lost a string of U.S.-based wealth management executives over the past year, as Chief…
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A Huge Collection of Bizarre, Rare Pianos Is Coming to Auction
(Bloomberg) — David Winston, who has a royal warrant for the restoration and conservation of pianos, is putting his entire collection…
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Firms See Tentative Signs U.K. Covid ‘Pingdemic’ Finally Easing
(Bloomberg) — Businesses in the U.K. say there are signs the “pingdemic” of workers told to self-isolate after contact with…
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Biden Prepares to Make His Mark on the Fed
(Bloomberg Businessweek) — Joe Biden will soon get a chance to shape the Federal Reserve into an instrument better able…
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Mandate for U.S. Federal Workers; NYC Cases Climb: Virus Update
(Bloomberg) — President Joe Biden will require federal workers to prove they’ve been vaccinated or wear masks and submit to…
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Zuckerberg Says Facebook’s Future Lies in Virtual ‘Metaverse’
(Bloomberg) — Mark Zuckerberg doesn’t just want you logging in to his company’s products. He wants you living, working and even…
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Private Security Firms Need Better Pentagon Oversight, GAO Says
(Bloomberg) — The Pentagon must improve its tracking and accounting of private security contractors operating alongside military and U.S. civilian…
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‘Do Something’: Nikola Chief Urged Executives to Keep Shares Up
(Bloomberg) — Nikola Corp. founder Trevor Milton is in federal custody Thursday, charged with misleading investors about the state of…
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Chevron Taps Permian Chief to Run New Low-Carbon Division
(Bloomberg) — Chevron Corp. is creating a new business division focused on scaling up new technologies such as carbon capture…
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South Africa Picks Out Possible Building Block of New State Bank
South African Finance Minister Tito Mboweni wants to forge ahead with long-touted plans to establish a state bank and suggested…
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India Startup Nykaa Is Said to Seek $4 Billion Valuation in IPO
(Bloomberg) — India’s Nykaa is preparing to file for an initial public offering that could value the startup at more…
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Energy Guru Is ‘Beyond’ Disappointed With Dwindling U.S. Infrastructure Plan
(Bloomberg) — For almost two decades the U.S. author and climate activist Jeremy Rifkin has advised governments in Europe and China…
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Zuckerberg Says Facebook’s Future Lies in Virtual `Metaverse’
(Bloomberg) — Mark Zuckerberg doesn’t just want you logging in to his company’s products. He wants you living, working and even…
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Virus Surge Upends Plans for Companies Trickling Back to Office
(Bloomberg) — The resurgent coronavirus and return of mask recommendations are hampering corporate America’s plans to get back to normalcy.…
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Qualcomm Gives Upbeat Forecast, Lifted by 5G Smartphone Demand
(Bloomberg) — Qualcomm Inc., the world’s largest smartphone chipmaker, delivered a bullish quarterly forecast, helped by the growth of 5G…
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Schools Brace for a Chaotic Reopening With Delta Raging
(Bloomberg Businessweek) — The beginning of the school year is imminent, and superintendents around the country aren’t sweating bus schedules and…
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Republicans Threaten to Oppose Treasury Picks Over Nord Stream 2
(Bloomberg) — Senator Pat Toomey and 11 other Republicans on the Senate Banking Committee are threatening to block two Treasury…
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BlackRock Support Sought in Bid to End 5-Month Coal-Mine Strike
(Bloomberg) — Coal miners from states including Alabama and West Virginia picketed outside BlackRock Inc.’s New York headquarters Wednesday in…
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Fast Internet Everywhere Could Add $160 Billion to U.S. Economy
(Bloomberg) — The U.S. economy stands to gain $160 billion a year in extra output from a successful national high-speed…
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U.S. Residents Search ‘Loss of Taste’ Online as Delta Spreads
(Bloomberg) — Internet searches for “loss of taste” and “loss of smell” — common symptoms of Covid-19 — are on…
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Biden’s ‘Summer of Joy’ Turns Grim as Delta Infections Skyrocket
(Bloomberg) — President Joe Biden promised a “summer of joy” on July 4 as he declared America’s independence from Covid-19.…
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Why ‘Delisting’ Is a Worry in China-U.S. Market Mess: QuickTake
(Bloomberg) — The value of Chinese stocks listed on American exchanges has fallen sharply in recent days, as Beijing clamped…
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South Korea, Thai Case Record; Sydney Lockdown: Virus Update
(Bloomberg) — South Korea and Thailand both announced record daily infections as the coronavirus continues to spread in Asia. Sydney’s…
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J&J Faces Lawsuit by Black Women Over Baby Powder and Cancer
(Bloomberg) — Johnson & Johnson was sued for allegedly marketing baby powder to Black women even though it knew the…
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Microsoft Sales, Profit Gain; Shares Drop on Azure Concern
(Bloomberg) — Microsoft Corp. reported sales and profit that exceeded analysts’ estimates for a 10th straight quarter, though investor optimism…
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This Type of Day Is Price of Progress in Post-Pandemic Stocks
(Bloomberg) — The Nasdaq 100 Index trades for 38 times earnings. Abby Joseph Cohen says it’s a market with “no…
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Microsoft Posts Sales, Profit Gain; Shares Drop on Azure Concern
(Bloomberg) — Microsoft Corp. reported sales and profit that exceeded analysts’ estimates for a 10th straight quarter, though investor optimism…
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Champagne With No Bubbles? Thank Climate Change
(Bloomberg) — The sparkle in great Champagne is known all over the world. So why is the region increasingly making…
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Bitcoin Steadies After Foray Past $40,000 on Amazon Speculation
(Bloomberg) — Bitcoin held below $40,000 after Amazon.com Inc. pushed back against speculation it will accept the token for payments…
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BNY-Backed Crypto Platform Fireblocks Seals Its Unicorn Status
(Bloomberg) — Fireblocks has raised $310 million in a series D round that values the digital-asset platform at $2 billion,…
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TPG Raises $5.4 Billion for Climate Fund Chaired by Hank Paulson
(Bloomberg) — TPG has brought in $5.4 billion for its climate investing strategy, making it one of the biggest sustainability-focused…
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Vaccine Pressure Grows as Patience Runs Thin for U.S. Employers
(Bloomberg) — As a resurgence in Covid-19 cases prompts more U.S. employers to require vaccinations, workers who object face a…
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More Democrats Equal More Power for Republicans in Texas Math
(Bloomberg) — Texas has won two new congressional seats thanks to a surge in the population of people of color,…
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Nickel Nears Seven-Year High With Metals Rising on Demand Bets
(Bloomberg) — Nickel rose for a third straight session, approaching a seven-year high on booming demand for the metal used…
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The Remote-Work Czar Is the New Shortcut to the C-Suite
(Bloomberg Businessweek) — Ask a college senior, and “vice president of productivity and remote experience” probably isn’t on her list…
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Intel Pledges to Retake Innovation Crown, Changes Yardstick
(Bloomberg) — Intel Corp., playing catch-up in semiconductor technology after losing its long-held dominance, vowed to become the industry leader…
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Activision Blizzard Staff Sign Petition Supporting Labor Lawsuit
To the Leaders of Activision Blizzard, We, the undersigned, agree that the statements from Activision Blizzard, Inc. and their legal…
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Motorcycle Theft Has Skyrocketed. Here’s How to Keep Your Bike Safe.
(Bloomberg) — For motorcycle enthusiasts nationwide, the coronavirus pandemic has been both a boon and a hardship. In the United…
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Ex-Fraud Prosecutor Nominated to Be the U.S. Attorney in D.C.
(Bloomberg) — Matthew Graves, an ex-fraud and public-corruption prosecutor, has been nominated by President Joe Biden to serve as the…
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‘Unprecedented Spike’ in U.S. Evictions Looming as Ban Expires
(Bloomberg) — A federal ban on evictions is set to expire at the end of July, and this time it’s…
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Oil Giants Hunt for That One Last Big Hit Along Coast of Brazil
(Bloomberg) — If an energy transition is underway around the world, it hasn’t reached the streets of Ilha da Conceicao,…
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Credit Suisse Brain Drain Hits Investment Bank in Top Deals Year
(Bloomberg) — When a U.S. insurer indicated it was looking to sell its European business earlier this year, Credit Suisse…
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Fauci Warns on Path of Covid; Nations Set Curfews: Virus Update
The top U.S. infectious disease expert, Anthony Fauci, warned that the nation is moving in the “wrong direction” in combating…
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Early Crypto Mogul Says China Crackdown May Lead to Outright Ban
(Bloomberg) — China’s crackdown on cryptocurrencies will probably intensify and may even lead to an outright ban on holding the…
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Bitcoin Hits Key Level Not Seen Since May Amid Wood, Musk Boost
(Bloomberg) — Bitcoin traded above a crucial technical level over the weekend for the first time since early May, after…
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Australia’s Pfizer Deal; U.K. Premier League Plans: Virus Update
Australia has secured an additional 85 million doses of the Pfizer-BioNTech vaccine for delivery from next year and is continuing…
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Fed Officials to Meet, GDP Data Coming Globally: Eco Week Ahead
Federal Reserve officials aren’t expected to signal a reduction in support for the U.S. economy when they meet this week,…
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