👍 An early but positive milestone in the fight against Covid-19: More Americans have now received at least one dose of a Covid-19 vaccine than have tested positive for the virus. https://bloom.bg/2YyG6ko
📉 GameStop's spectacular rally unwound further Tuesday, after bearish investors appeared to cover their positions and trading volume shriveled. https://bloom.bg/3tlkciT
🇺🇸 And Joe Biden has signaled he's intent on a large pandemic relief bill, potentially without Republican support, even after a White House meeting with GOP senators on Monday. https://bloom.bg/3jb03Y3
📉 GameStop's spectacular rally unwound further Tuesday, after bearish investors appeared to cover their positions and trading volume shriveled. https://bloom.bg/3tlkciT
🇺🇸 And Joe Biden has signaled he's intent on a large pandemic relief bill, potentially without Republican support, even after a White House meeting with GOP senators on Monday. https://bloom.bg/3jb03Y3
🚨Amazon said Jeff Bezos will transition to the role of Executive Chair in the third quarter of 2021 and Andy Jassy will become Chief Executive Officer at that time.
“In the Exec Chair role, I intend to focus my energies and attention on new products and early initiatives,” Bezos said in a letter to employees: http://bloom.bg/39LMtaF
“In the Exec Chair role, I intend to focus my energies and attention on new products and early initiatives,” Bezos said in a letter to employees: http://bloom.bg/39LMtaF
📉 The meme stocks that Robinhood originally restricted have lost $167 billion in a matter of days, and there’s little sign the pain is easing. https://bloom.bg/3cwY7YF
🇰🇷 Our annual innovation index is here. The U.S. dropped out of the top 10 while South Korea returned to first place. https://bloom.bg/36E36Tt
☁ Amazon’s incoming CEO Andy Jassy is arguably the most important person in tech over the past decade — and uncannily similar to Jeff Bezos. https://bloom.bg/3aup4JD
🇰🇷 Our annual innovation index is here. The U.S. dropped out of the top 10 while South Korea returned to first place. https://bloom.bg/36E36Tt
☁ Amazon’s incoming CEO Andy Jassy is arguably the most important person in tech over the past decade — and uncannily similar to Jeff Bezos. https://bloom.bg/3aup4JD
🇺🇸 The U.S. economy is showing signs of picking up from an end-of-year slowdown. The tentative improvement could muddy President Biden's efforts to pass a $1.9 trillion stimulus package. https://bloom.bg/3oK31UH
📉 GameStop shares continued their rapid fall back toward Earth on Wednesday. The stock slid 7% in U.S. premarket trading. https://bloom.bg/2MQh7qg
😷 The vast majority of people who contract Covid-19 still have antibodies at least six months after infection. Some 88% of participants in a new study retained antibodies for half a year. https://bloom.bg/3jozjUd
📉 GameStop shares continued their rapid fall back toward Earth on Wednesday. The stock slid 7% in U.S. premarket trading. https://bloom.bg/2MQh7qg
😷 The vast majority of people who contract Covid-19 still have antibodies at least six months after infection. Some 88% of participants in a new study retained antibodies for half a year. https://bloom.bg/3jozjUd
Bloomberg
GameStop Roller Coaster Pauses After $27 Billion Rout
GameStop Corp.’s rapid reversal paused on Wednesday, although last week’s massive peak remains a distant memory after frenzied trading activity cooled.
🌧 How can a city have too little and too much water? While climate change and extreme weather are factors, the main culprit for Chennai’s water problems is poor planning. https://bloom.bg/3oJNOTh
🇲🇲 Democracy in Southeast Asia is stumbling, writes Bloomberg Opinion columnist Clara Ferreira Marques. The military takeover in Myanmar is a poor signal for the wider region. https://bloom.bg/2Lhcy7P
☔ And we’ll leave you with one last thing: a $1,200 umbrella. https://bloom.bg/3oNyWTW
🇲🇲 Democracy in Southeast Asia is stumbling, writes Bloomberg Opinion columnist Clara Ferreira Marques. The military takeover in Myanmar is a poor signal for the wider region. https://bloom.bg/2Lhcy7P
☔ And we’ll leave you with one last thing: a $1,200 umbrella. https://bloom.bg/3oNyWTW
💉 The U.S. is on pace to vaccinate 75% of its population against Covid-19 this year, while Canada would need almost a decade to do so. Here's a snapshot of some places around the world that are off to fast and slow starts. https://bloom.bg/3oRDSal
💻 The way the pandemic reshapes where and how we work could be one of the most visible legacies from the health crisis. "Work from home" has become "work from anywhere." https://bloom.bg/36D6he8
📈 It has no revenue and zero analyst coverage. But penny stock Abra Mining has become the most-traded name in the Philippines, surging 103% this year as retail mania goes global. https://bloom.bg/36D6n5u
💻 The way the pandemic reshapes where and how we work could be one of the most visible legacies from the health crisis. "Work from home" has become "work from anywhere." https://bloom.bg/36D6he8
📈 It has no revenue and zero analyst coverage. But penny stock Abra Mining has become the most-traded name in the Philippines, surging 103% this year as retail mania goes global. https://bloom.bg/36D6n5u
Bloomberg.com
How ‘Work From Home’ Became ‘Work From Anywhere’
One enduring legacy of the pandemic is likely to be the way it reshapes where and how we work. In the U.S., lockdowns sent some wealthy knowledge workers heading to suburbs, second-tier cities and “Zoom towns” in scenic areas near ski slopes or national parks.…
💉 When will the pandemic end? It’s the question hanging over just about everything since last year. The answer can be measured in vaccinations.
Our new Covid calculator is designed to show you how long it will take (based on each country's current vaccination rate) for enough people to be inoculated to achieve herd immunity. https://bloom.bg/3axw6gZ
At today’s global rate, it will take the world an estimated 7 years to cover 75% of the population with a two-dose vaccine. But some of the world’s biggest vaccine-manufacturing hubs are just getting started, so rates are bound to increase. 🌏
Scroll down to “The Path to Immunity” to select your country or state: https://bloom.bg/3cUQ0FB
Our new Covid calculator is designed to show you how long it will take (based on each country's current vaccination rate) for enough people to be inoculated to achieve herd immunity. https://bloom.bg/3axw6gZ
At today’s global rate, it will take the world an estimated 7 years to cover 75% of the population with a two-dose vaccine. But some of the world’s biggest vaccine-manufacturing hubs are just getting started, so rates are bound to increase. 🌏
Scroll down to “The Path to Immunity” to select your country or state: https://bloom.bg/3cUQ0FB
💉 The global economy’s recovery risks being derailed by the lag in coronavirus vaccinations for poorer nations. Failure to properly immunize the world could come with a $9.2 trillion price tag. https://bloom.bg/3tvrjFd
🇬🇧 Barclays CEO Jes Staley says the U.K.’s departure from the European Union will prove to be a net benefit for the City of London, even as a post-Brexit deal on financial services remains elusive. https://bloom.bg/3cIwZWt
🏈 And Will Ferrell will star in GM’s Super Bowl ad, urging Americans to “crush” Norway — when it comes to EVs, that is. Take a look: https://bloom.bg/3cR0HIS
🇬🇧 Barclays CEO Jes Staley says the U.K.’s departure from the European Union will prove to be a net benefit for the City of London, even as a post-Brexit deal on financial services remains elusive. https://bloom.bg/3cIwZWt
🏈 And Will Ferrell will star in GM’s Super Bowl ad, urging Americans to “crush” Norway — when it comes to EVs, that is. Take a look: https://bloom.bg/3cR0HIS
Bloomberg.com
The $9.2 Trillion Price Tag for Failing to Vaccinate World
The global economy’s recovery risks being dampened or even derailed by the lag in coronavirus vaccinations for poorer nations relative to their wealthier peers.
Hello, here's what we're following right now:
🇨🇳🇦🇺 China arrested an Australian TV anchor on a charge of endangering national security, escalating a case that’s roiled ties between the countries. https://bloom.bg/3cKRRwu
🇭🇰 Hong Kong stocks are about to lose their biggest source of funds. The trading link allowing mainland investors to buy domestic stocks will shut for the Lunar New Year, effectively slamming the brakes on record levels of inflows. https://bloom.bg/3tASNJQ
🇮🇱 And Israel won’t reach Covid-19 herd immunity even if all adults are inoculated, the nation’s top public health official said. https://bloom.bg/3aGqJfr
🇨🇳🇦🇺 China arrested an Australian TV anchor on a charge of endangering national security, escalating a case that’s roiled ties between the countries. https://bloom.bg/3cKRRwu
🇭🇰 Hong Kong stocks are about to lose their biggest source of funds. The trading link allowing mainland investors to buy domestic stocks will shut for the Lunar New Year, effectively slamming the brakes on record levels of inflows. https://bloom.bg/3tASNJQ
🇮🇱 And Israel won’t reach Covid-19 herd immunity even if all adults are inoculated, the nation’s top public health official said. https://bloom.bg/3aGqJfr
💸 Dogecoin briefly touched a record Monday after billionaire Elon Musk and rapper Snoop Dogg tweeted about it. The token climbed to a peak of about 8.2 U.S. cents and a market capitalization of $10.5 billion. https://bloom.bg/3ryytXD
📉 Renaissance Technologies has been hit with at least $5 billion in redemptions. Unprecedented market swings in 2020 led to the investing giant's worst-ever returns across its public funds. https://bloom.bg/3pZvgjD
💉 And how much do you know about Covid-19 vaccines? Life-saving shots are coming to end the pandemic. Take our quiz to find out how prepared you are. https://bloom.bg/2YV0hsZ
📉 Renaissance Technologies has been hit with at least $5 billion in redemptions. Unprecedented market swings in 2020 led to the investing giant's worst-ever returns across its public funds. https://bloom.bg/3pZvgjD
💉 And how much do you know about Covid-19 vaccines? Life-saving shots are coming to end the pandemic. Take our quiz to find out how prepared you are. https://bloom.bg/2YV0hsZ
Hello! Here's what's hot in markets today.
🔥 Bitcoin hit a record above $47,000 early on Tuesday after Tesla announced a $1.5 billion bet and its move to accept the cryptocurrency as payment for electric cars. https://bloom.bg/3q4D6Z5
🖲️ Fresh off the GameStop frenzy, Reddit raised $250 million from private investors to fund its international expansion. This reportedly values the online forum at $6 billion. https://bloom.bg/3a0iRGh
📽️ And here's how one woman turned a $40 million bet on Chinese video startup Kuaishou into a $12 billion windfall. https://bloom.bg/3q3Uj53
🔥 Bitcoin hit a record above $47,000 early on Tuesday after Tesla announced a $1.5 billion bet and its move to accept the cryptocurrency as payment for electric cars. https://bloom.bg/3q4D6Z5
🖲️ Fresh off the GameStop frenzy, Reddit raised $250 million from private investors to fund its international expansion. This reportedly values the online forum at $6 billion. https://bloom.bg/3a0iRGh
📽️ And here's how one woman turned a $40 million bet on Chinese video startup Kuaishou into a $12 billion windfall. https://bloom.bg/3q3Uj53
💰 Brothers Ian and Richard Livingstone built a multibillion-dollar property business. Despite the pandemic, their fortune has kept climbing thanks to a long-term bet on online gambling. https://bloom.bg/3aNItFJ
🇺🇸 President Biden is refusing to heed Republican appeals to scale back the $1.9 trillion stimulus. The bill is likely to pass with only simple majority support in the Senate. https://bloom.bg/2Z60idv
😷 And the proportion of Covid-19 deaths in England and Wales climbed to a record in the last week of January. Almost 46% of total deaths were linked to the virus. https://bloom.bg/2MRMAsh
🇺🇸 President Biden is refusing to heed Republican appeals to scale back the $1.9 trillion stimulus. The bill is likely to pass with only simple majority support in the Senate. https://bloom.bg/2Z60idv
😷 And the proportion of Covid-19 deaths in England and Wales climbed to a record in the last week of January. Almost 46% of total deaths were linked to the virus. https://bloom.bg/2MRMAsh
📱 Trade war? Pfft. Privacy? Zuck’s problem. Revenue? Endless. Here’s how Tim Cook built Apple into a $2.3 trillion fortress. https://bloom.bg/3aUba41
📈 Wall Street is staying on the sidelines as Tesla’s $1.5 billion Bitcoin purchase sent crypto soaring to a record. Top lenders are still mostly shying away. https://bloom.bg/3a6BGI5
📰 Jack Ma’s media portfolio spans investments in newspapers, websites, Twitter-like social platforms and TV production companies. It was much less visible than his Alibaba empire — until an online scandal put it in the spotlight. https://bloom.bg/36YVhbn
📈 Wall Street is staying on the sidelines as Tesla’s $1.5 billion Bitcoin purchase sent crypto soaring to a record. Top lenders are still mostly shying away. https://bloom.bg/3a6BGI5
📰 Jack Ma’s media portfolio spans investments in newspapers, websites, Twitter-like social platforms and TV production companies. It was much less visible than his Alibaba empire — until an online scandal put it in the spotlight. https://bloom.bg/36YVhbn
💸 Do you need to start preparing for rising prices? It's a question that’s being hotly debated in financial circles. Here are some ways to protect your investment portfolio. https://bloom.bg/2Z2YHFw
💰It's enough money to buy one GameStop, two AMC Entertainments and four Bed Bath & Beyonds. The top 15 hedge fund earners collectively made more than $23.2 billion in 2020. See who made the list. https://bloom.bg/2MIpOmT
🐱 "I'm here live. I'm not a cat." Those were the words of a Texas attorney who accidentally joined a Zoom conference of a court hearing while using a filter that made him appear like a fluffy white kitten. https://bloom.bg/3rBfziX
💰It's enough money to buy one GameStop, two AMC Entertainments and four Bed Bath & Beyonds. The top 15 hedge fund earners collectively made more than $23.2 billion in 2020. See who made the list. https://bloom.bg/2MIpOmT
🐱 "I'm here live. I'm not a cat." Those were the words of a Texas attorney who accidentally joined a Zoom conference of a court hearing while using a filter that made him appear like a fluffy white kitten. https://bloom.bg/3rBfziX
☎ In his first call with Xi Jinping, Joe Biden voiced concerns about China’s "unfair economic practices," human rights abuses in Xinjiang and restrictions in Hong Kong. http://bloom.bg/3qgtj2s
⛳ Where in the world is Jack Ma? The billionaire has been working on his golf game at a secluded island resort as speculation swirls over his fate. http://bloom.bg/3qgtpqQ
📹 Dramatic new footage from the U.S. Capitol storming showed just how close rioters got to Mike Pence and lawmakers. http://bloom.bg/3qc2CM2
⛳ Where in the world is Jack Ma? The billionaire has been working on his golf game at a secluded island resort as speculation swirls over his fate. http://bloom.bg/3qgtpqQ
📹 Dramatic new footage from the U.S. Capitol storming showed just how close rioters got to Mike Pence and lawmakers. http://bloom.bg/3qc2CM2
Bloomberg
Biden, in Call With Xi, Talks of ‘Unfair Economic Practices’
Joe Biden, in his first conversation as president with the Chinese leader Xi Jinping, spoke of his concern about China’s “coercive and unfair economic practices” as well as human rights abuses in the Xinjiang region, according to a White House account of…
💰 Kimbal Musk, the younger brother of Elon Musk, sold $25.6 million of shares in Tesla this week, according to a filing with the SEC. His holding in the electric-car maker, whose board he sits on, is now worth $483 million.
https://bloom.bg/3tLaJ4t
📈 With agricultural prices soaring, metal prices hitting the highest in years and oil well above $50 a barrel, JPMorgan is calling it: Commodities appear to have begun a new supercycle of years-long gains. https://bloom.bg/3dafcYq
💉 German drugmaker BioNTech is retrofitting a former Novartis facility to supply 750 million doses a year of mRNA, the key ingredient in its Covid inoculations. If successful, the facility's output would help bring the pandemic under control. https://bloom.bg/3p866xP
https://bloom.bg/3tLaJ4t
📈 With agricultural prices soaring, metal prices hitting the highest in years and oil well above $50 a barrel, JPMorgan is calling it: Commodities appear to have begun a new supercycle of years-long gains. https://bloom.bg/3dafcYq
💉 German drugmaker BioNTech is retrofitting a former Novartis facility to supply 750 million doses a year of mRNA, the key ingredient in its Covid inoculations. If successful, the facility's output would help bring the pandemic under control. https://bloom.bg/3p866xP
🔍 Can you imagine life without Google? That’s the reality facing Australia as the tech giant stands off with the government over a planned law requiring it to pay for news. http://bloom.bg/2MX8ydA
💸 It’s not just you. The creator of Dogecoin, a crypto developed in 2013 as a joke, is baffled by the token’s meteoric rise to $9 billion in market value. http://bloom.bg/3rXUPSP
👏 Since her divorce from Jeff Bezos, MacKenzie Scott has become one of the most consequential philanthropists of her generation. Just last year, she gave away almost $6 billion to charities. http://bloom.bg/3dba0Ux
💸 It’s not just you. The creator of Dogecoin, a crypto developed in 2013 as a joke, is baffled by the token’s meteoric rise to $9 billion in market value. http://bloom.bg/3rXUPSP
👏 Since her divorce from Jeff Bezos, MacKenzie Scott has become one of the most consequential philanthropists of her generation. Just last year, she gave away almost $6 billion to charities. http://bloom.bg/3dba0Ux
Bloomberg
Life Without Google: Australia Is Now Facing the Unthinkable
Imagine a world without Google, the search engine so pervasive it’s the starting point for more than five billion queries a day. That’s the reality facing Australia, where the tech giant is threatening to unplug its homepage in a standoff with the government.
EXCLUSIVE: A Pentagon hack in 2010. A breach at Intel in 2014. An FBI warning about malicious chips in 2015.
Each of these incidents had two things in common: China and Super Micro Computer Inc., a major U.S. computer hardware company.
They shared one other trait. U.S. spymasters discovered the manipulations but kept them largely secret as they tried to counter each one and learn more about China’s capabilities. Read more ➡️ http://bloom.bg/3qenHWp
Each of these incidents had two things in common: China and Super Micro Computer Inc., a major U.S. computer hardware company.
They shared one other trait. U.S. spymasters discovered the manipulations but kept them largely secret as they tried to counter each one and learn more about China’s capabilities. Read more ➡️ http://bloom.bg/3qenHWp
🗾 Japan is assessing damage and restoring power after a 7.3-magnitude earthquake struck off Fukushima late Saturday. The government said there were no deaths and no incidents reported from reactors. http://bloom.bg/3rSHqez
🛢 Bill Gates promised to dump his oil and gas assets. But disentangling the world’s third-largest fortune from fossil fuel hasn’t kept him from investing in other carbon-heavy businesses. http://bloom.bg/3jMUNu5
🔬 Home to the world’s second-largest Covid outbreak, life in India seems back to normal. Scientists are puzzled by a steady drop in infections, with daily cases down nearly 90% from the peak, as other countries battle fresh waves. http://bloom.bg/3deD0dK
🛢 Bill Gates promised to dump his oil and gas assets. But disentangling the world’s third-largest fortune from fossil fuel hasn’t kept him from investing in other carbon-heavy businesses. http://bloom.bg/3jMUNu5
🔬 Home to the world’s second-largest Covid outbreak, life in India seems back to normal. Scientists are puzzled by a steady drop in infections, with daily cases down nearly 90% from the peak, as other countries battle fresh waves. http://bloom.bg/3deD0dK
Bloomberg
Japan Assesses Damage After Earthquake Struck Near Fukushima
Japan began assessing damage and restoring power after a magnitude-7.3 earthquake struck off Fukushima late Saturday, leaving about 150 people injured and temporarily cutting power to almost a million households.
❄ The arctic freeze gripping the central U.S. has triggered rolling blackouts in Texas and is ratcheting up pressure on energy prices already trading at unprecedented levels.
https://bloom.bg/2ZjfdRW
😷 A push by Iceland to get Pfizer to conduct a study on vaccines and herd immunity has run into an unexpected snag: The tiny island nation has done too good a job keeping Covid-19 in check. https://bloom.bg/3ajzsoH
📈 And while Bitcoin's rally has seen some extreme moves, it’s not as chaotic as 2017. What's different now? A wider belief that the cryptocurrency will develop into a mainstream asset class and the backing of big investors. https://bloom.bg/2NtEENM
https://bloom.bg/2ZjfdRW
😷 A push by Iceland to get Pfizer to conduct a study on vaccines and herd immunity has run into an unexpected snag: The tiny island nation has done too good a job keeping Covid-19 in check. https://bloom.bg/3ajzsoH
📈 And while Bitcoin's rally has seen some extreme moves, it’s not as chaotic as 2017. What's different now? A wider belief that the cryptocurrency will develop into a mainstream asset class and the backing of big investors. https://bloom.bg/2NtEENM
Hello 👋 Here's what we're reading today:
🛢The biggest oil refineries in America are shutting down because of the arctic conditions that have cut electricity, water and fuel supplies across Texas. The Gulf Coast supplies more than three-fifths of the fuel for the entire U.S. East Coast. https://bloom.bg/2OwtDMf
🌍 The WTO chose its first female and first African leader: Ngozi Okonjo-Iweala. The former Nigerian finance minister will be tasked with restoring trust in a global trading system shaken by protectionism and the pandemic. https://bloom.bg/3apIL6w
🌴 One thing that makes lockdown easier? A $70,000-a-month beach resort. Wealthy remote workers are fleeing to tropical getaways while waiting for the Covid vaccine to be available back home. https://bloom.bg/3qoqfRT
🛢The biggest oil refineries in America are shutting down because of the arctic conditions that have cut electricity, water and fuel supplies across Texas. The Gulf Coast supplies more than three-fifths of the fuel for the entire U.S. East Coast. https://bloom.bg/2OwtDMf
🌍 The WTO chose its first female and first African leader: Ngozi Okonjo-Iweala. The former Nigerian finance minister will be tasked with restoring trust in a global trading system shaken by protectionism and the pandemic. https://bloom.bg/3apIL6w
🌴 One thing that makes lockdown easier? A $70,000-a-month beach resort. Wealthy remote workers are fleeing to tropical getaways while waiting for the Covid vaccine to be available back home. https://bloom.bg/3qoqfRT