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- ECONOMY
L Brands Will Spin Off Victoria’s Secret From Bath & Body Works
(Bloomberg) — L Brands Inc. — which had been mulling either a split or sale for its Victoria’s Secret chain…
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Tesla China Sales Falter With Exports Robust on Demand in Europe
(Bloomberg) — Tesla Inc. sales in China dropped last month, a worrying trend amid stepped up criticism of the U.S.…
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The Winklevoss Twins Cold-Called Daniel Arsham to Sell Him on NFTs
(Bloomberg) — Two years ago, when Tyler Winklevoss acquired the online marketplace Nifty Gateway with his brother Cameron, NFTs were…
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Germany Sees ‘Good Summer;’ Taiwan Bans Big Crowds: Virus Update
(Bloomberg) — The discrepancy between more-vaccinated Western countries and Asian economies lagging in jabs is growing starker, with Germany’s health…
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Hackers Find Easy Prey as U.S. Ignores One Warning After Another
(Bloomberg) — The ransomware attack that shut down the nation’s biggest fuel pipeline prompted an all-too familiar question in the…
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FDA Clears Pfizer Shot for Teens; U.S. Cases Slow: Virus Update
(Bloomberg) — The U.S. Food and Drug Administration approved the use of Pfizer-BioNTech vaccine for children aged 12 to 15.…
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Pipeline Hack Exposes Brutal Vise of Cyber-Era Extortion Schemes
(Bloomberg) — The attack that hit Colonial Pipeline last week is a novel form of cybercrime that puts normally staid…
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U.S. Civil Rights Agency Urged to Recognize Caste Discrimination
(Bloomberg Law) — Civil rights advocates are calling on a U.S. agency to recognize that caste discrimination is illegal under…
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How Uber and Lyft Are Losing the Race to the Electric Future
(Bloomberg) — When Curt Kinder bought a new electric Chevy Bolt three years ago, he wanted an excuse to drive…
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Pentagon Presses On With Covid Plan to Speed Cash to Contractors
(Bloomberg) — The Pentagon is sticking with a plan developed in the early days of the Covid-19 pandemic to speed…
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U.S. Infections Ease; U.K. Deaths Slow to Two: Virus Update
U.S. deaths from Covid-19 have been undercounted, President Joe Biden’s top medical adviser said, with the nationwide toll approaching 582,000.…
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Biden Has Emergency Powers to Counter Fuel Disruption
(Bloomberg) — A cyberattack on the nation’s biggest fuel pipeline system has threatened to disrupt the supply of gasoline, jet…
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The Big Question: Is America Headed For a Debt Crisis?
(Bloomberg Opinion) — This is one of a series of interviews by Bloomberg Opinion columnists on how to solve today’s…
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Why Scotland’s Independence Push Faces Barriers
(Bloomberg) — Scottish independence is back on the agenda just seven years after a referendum that saw it defeated by…
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U.S. Count Eases; India Reports Record Death Toll: Virus Update
The U.S. looks set for its first week since mid-September in which daily coronavirus cases have not exceeded 50,000. India…
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Colonial Is Just the Latest Energy Asset Hit by Cyber-Attacks
(Bloomberg) — A cyber-attack has never taken down a U.S. fuel pipeline quite as big as the Colonial Pipeline. It’s…
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GOP’s Voting Curbs Show Long Reach of 2013 Supreme Court Ruling
(Bloomberg) — Republicans across the U.S. can thank the Supreme Court and Chief Justice John Roberts as they enact the…
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Stay-at-Home Americans Sow White House Angst on Big Jobs Miss
(Bloomberg) — Portia Roberson says it’s “disheartening.” Employers in Michigan are calling her social services group looking for recruits to…
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Jeff Bezos’s New Superyacht Heralds Roaring Market for Big Boats
(Bloomberg) — Even in the ostentatious world of superyachts, project Y721 stands out. When completed, it will be 127 meters…
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Record Daily Deaths in India; WHO Backs China Jab: Virus Update
India reported more than 4,000 single-day coronavirus deaths for the first time as the nation battles the world’s worst outbreak.…
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Trump DOJ Got Phone Records of 3 Washington Post Reporters
(Bloomberg) — The Trump administration’s Justice Department got telephone records and attempted to get the email records of three Washington…
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Arthur J. Gallagher Is in Talks to Buy Aon, Willis Assets
(Bloomberg) — Insurance brokerage Arthur J. Gallagher & Co. is in talks to buy a portfolio of assets from Aon…
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Elon Musk on SNL Spurs Dogecoin Watch Parties After 20,000% Gains
(Bloomberg) — They’ll be setting up taco bars, monitoring price movements on dedicated screens and taking a drink every time…
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Theranos Judge Wrestles With How Holmes Played to the Media
(Bloomberg) — A judge is grappling with a request by U.S. prosecutors to add news articles about Theranos Inc. back…
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NYC Teachers Union Sticking by Stringer Calls Treatment ‘Unfair’
(Bloomberg) — The decision by New York City’s largest teachers union to stand by mayoral hopeful Scott Stringer as he…
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Shocking Jobs Miss Rips Up Traders’ Playbooks
(Bloomberg Opinion) — This was supposed to be a U.S. jobs report for the ages. One million more Americans were…
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New Airline’s Plan to Hire College Kids on Flights Gets Pushback
(Bloomberg) — After decades of starting successful airlines and dreaming up new ways to operate them, David Neeleman is again…
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Climate Adaptation Should Be a Public Good, Not an Asset Class
In the run up to the 2020 U.S. election, a meme started making the rounds on Twitter. “Transport is climate policy,”…
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Election Watchdog Closes Trump Case on 2016 Payment to Porn Star
(Bloomberg) — The Federal Election Commission deadlocked on continuing the inquiry into the payoff of an adult film star who…
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What It Would Mean for Big Pharma if Vaccine IP Rights Are Waived
(Bloomberg) — A proposal at the World Trade Organization to lift intellectual property protections for makers of Covid-19 vaccines got…
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NYC Floats Tourist Vaccines With U.S. Summer Ahead: Virus Update
(Bloomberg) — New York’s mayor said the city is in talks to offer free vaccines to visitors as a way…
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McKinsey Targeted by School Districts Over Opioid-Related Costs
(Bloomberg) — McKinsey & Co. faces Kentucky and West Virginia school districts’ lawsuits alleging the company’s work for opioid makers…
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Yale’s Swensen Leaves Legacy of Proteges Across Investing
(Bloomberg) — Before David Swensen started working at Yale in 1985, its portfolio consisted mostly of plain-vanilla stocks and bonds.…
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Wall Street Giants Get Swept Up by India’s Brutal Covid Wave
(Bloomberg) — About 8,300 miles east of Wall Street, on a stretch of Bangalore’s Outer Ring Road, sits what was…
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NYC’s Financial District Condos Pile Up as Office Life Retreats
(Bloomberg) — For both homebuyers and office-seekers, one thing is true about Manhattan’s Financial District: There’s lots of space for…
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Huge Crypto Bet Draws Heat for Bank Stock Fund
Mertz is the president and chief investment officer of Emerald Advisers, a $4.7 billion asset manager based in Leola, Pennsylvania, a community…
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Broken Ventilators Add Momentum to ‘Right to Repair’ Movement
(Bloomberg Businessweek) — A recall of an electrosurgical device wouldn’t normally cause panic for Ilir Kullolli. As the director of…
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Moderna Booster Effective; Canada May Mix Shots: Virus Update
(Bloomberg) — Moderna Inc. said mid-stage trials showed its booster shots were effective against strains of the coronavirus that emerged…
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Vaccines Work On This India Variant. Experts Fret About The Next
(Bloomberg) — The good news is that the vaccines work against a new virus strain circulating in India that’s spread…
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Here Comes the Covid-19 Community Corps and They Want You
(Bloomberg) — Just 35 million to go. The U.S. has already inoculated 146 million adults against Covid-19 in the most…
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Elizabeth Holmes’s Lawyers Attack Prosecution’s Expert Witness
(Bloomberg) — Lawyers for Elizabeth Holmes attacked the credibility of an Ivy League medical school professor who prosecutors want to…
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Rents Soar for Millions of Americans as Threat of Eviction Looms
(Bloomberg) — Rents are soaring in many U.S. cities as the economy rebounds, squeezing the budgets of tenants who also…
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Stefanik’s Rise in House GOP Power Fueled by Loyalty to Trump
(Bloomberg) — New York Republican Representative Elise Stefanik, who is poised to replace Wyoming’s Liz Cheney as chair of the…
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Chicago Auto Show’s Return Spurs Hope for Revival of Big Events
(Bloomberg) — In any other year, the Chicago Auto Show would be a premier showcase for the car industry, attracting…
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TripActions Buys Reed & Mackay for ‘White Gloves’ Travel Service
(Bloomberg) — TripActions Inc., a corporate travel and expense management company, has acquired London-based Reed & Mackay Travel Ltd. to…
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Covid’s Shockwaves Took Poverty in Latin America to a New Nadir
(Bloomberg) — The Covid-19 pandemic has sent a wave of poverty racing across Latin America, deepening declines that began over the past…
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The Untold Story of How Jeff Bezos Beat the Tabloids
(Bloomberg Businessweek) — “Raise your hand if you think you’ve had a harder week than I’ve had.” It was Feb.…
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Amazon Work Rules Govern Tweets, Body Odor of Contract Drivers
(Bloomberg) — The thousands of people driving those ubiquitous Amazon-branded blue vans aren’t employed by the Seattle leviathan. They work for…
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Europe Looks to Secure Chip Supply After ‘Naive’ Past Approach
(Bloomberg) — Europe was naive to outsource so much of its semiconductor design and manufacturing in recent decades, a top…
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Why Big Tech Wants (Some) Facial Recognition Rules
(Bloomberg) — The world’s biggest technology companies can usually be counted on to oppose rules reining in new products, but…
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