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A City Tailor-Made for Self-Driving Cars? Toyota Is Building One
(Bloomberg) — In late February, Toyota Motor Corp. President Akio Toyoda gathered with a handful of Shinto priests in a white tent at…
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Spotify Plans Hiring Spree in Bid to Challenge Clubhouse
(Bloomberg) — Spotify Technology SA is planning a major push into live audio, hoping to corner the market on what…
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Singapore Tops Resilience Ranking; India Aid: Virus Update
(Bloomberg) — A combination of curbing the virus and rolling out vaccines at one of the fastest rates in Asia…
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Lawmakers Unveiling ‘Earmark’ Requests for Infrastructure Bill
(Bloomberg) — House members are pitching billions of dollars worth of projects in their home districts ranging from marine terminals…
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Apple Pledges $1 Billion for New North Carolina Engineering Hub
(Bloomberg) — Apple Inc. said it will open an engineering hub in North Carolina, marking its first major campus on…
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Lyft to Sell Autonomous-Driving Unit in $550 Million Deal
(Bloomberg) — Lyft Inc. has agreed to sell its self-driving division to a subsidiary of Toyota Motor Corp., joining Uber…
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Cow Cocktails and Vaccines Join the Battle to Reach Net Zero
(Bloomberg) — Cows in New Zealand are getting a cocktail typically associated with hipsters in New York or London. Branded…
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Johnson Denies Making ‘Bodies Pile’ Remark: U.K. Politics Update
(Bloomberg) — U.K. Prime Minister Boris Johnson hit back at claims that he said he would rather see “bodies pile…
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Supreme Court Rebuffs Texas Challenge to California LGBTQ Policy
(Bloomberg) — The U.S. Supreme Court left intact California’s ban on government-funded travel to states it sees as having anti-LGBTQ…
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Apple Ups U.S. Investments Over Five Years to $430 Billion
(Bloomberg) — Apple Inc. is increasing its U.S. investments by 20% over the next five years, allocating $430 billion to…
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Anti-Asian Atmosphere Chills Chinese Scientists Working in the U.S.
(Bloomberg Businessweek) — Nianshuang Wang arrived in the U.S. from China about seven years ago to help explore an obscure…
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Move Over, Turbos. Porsche CEO Says Tech Takes Priority in New Strategy
(Bloomberg) — Steve Jobs trained consumers too well, says Kjell Gruner, the new president and chief executive officer of Porsche Cars North…
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Total Suspends Mozambique LNG Indefinitely on Security Threat
French energy giant Total SE suspended its $20 billion liquefied natural gas project in Mozambique indefinitely after an escalation of…
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Oscar Breakdown: ‘Nomadland’ Picks Up Biggest Academy Awards
(Bloomberg) — “Nomadland” won the Oscar for best picture, delivering a win to Walt Disney Co.’s Searchlight studio, but “The…
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Bitcoin Hits Lowest Since Early March Before Retaking $50,000
(Bloomberg) — Bitcoin fell to the lowest in seven weeks on Monday as it continued to struggle with the $50,000…
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Temasek Joins 64-Year-Old Founder on Path to Next India Unicorn
(Bloomberg) — Ronnie Screwvala pioneered cable television in India in the 1980s and then built a unicorn that was acquired…
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India Gains Aid Pledges; EU Welcomes U.S. Tourists: Virus Update
India’s Covid-19 crisis is worsening, with a million cases added in the past three days. The U.S. will send India…
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U.S. States Relaunch J&J Shot After 10-Day Halt: Virus Update
U.S. states from New York to Arizona moved to begin administering the one-shot Johnson & Johnson vaccine again, restoring one…
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This Pasta Salad Revolutionizes the Beloved TikTok Recipe
(Bloomberg) — Editor’s Note: As more people are working from home, Bloomberg Pursuits is running a weekly Lunch Break column…
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Europe’s Most Indebted Countries Aren’t Ready for Market Reality
(Bloomberg) — Europe’s brightening economic outlook as Covid-19 vaccinations pick up is also accelerating the timetable toward a new danger.…
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Arizona GOP-Led Election Audit by Cyber Ninjas Probed by Judge
(Bloomberg) — An Arizona judge demanded more information about an audit of Maricopa County’s 2020 general election results by a…
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U.S. Ends Pause on J&J Shots; NYC Allows Walk-Ins: Virus Update
U.S. health agencies lifted the pause on Johnson & Johnson’s Covid-19 vaccine on Friday, 10 days after urging providers to…
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‘Mortal Kombat’ Set to Give Warner Bros. Another Box-Office Win
(Bloomberg) — “Mortal Kombat,” the Warner Bros. action film based on the 1992 video game, is expected to top the…
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Ghislaine Maxwell Making First Appearance in Person Since Arrest
(Bloomberg) — Ghislaine Maxwell will make her first public appearance in nine months on Friday to answer additional sex crimes…
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Biden Will Travel to U.K. and Belgium For First Foreign Trip
(Bloomberg) — Joe Biden will attend the G7 summit in Cornwall, U.K., and a NATO meeting in Brussels this June…
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Biggest QQQ Exodus Since 2000 Ups the Ante on Big Tech Earnings
(Bloomberg) — Tech’s uninspired start to earnings season has investors dumping billions before the sector’s heavyweights report next week. The…
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Biden Aims at Top 0.3% With Bid to Tax Capital Like Wages
President Joe Biden wants to end the preferential U.S. tax treatment of investment income that has benefited the nation’s wealthy…
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NYC Deploys 10,000 for Cleanup as Trash, Rodent Complaints Soar
(Bloomberg) — New York City is waging a campaign to win back residents and tourists after a pandemic shut down the…
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Biden Offers Rare Praise for Russia’s Putin: Climate Update
(Bloomberg) — Day two of President Joe Biden’s international climate summit commences on Friday. Biden pledged during the first day…
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Bitcoin’s Big Selloff Was a Long Time Coming: Investors React
(Bloomberg) — Bitcoin has rewarded investors with massive gains all year, but now the cryptocurrency’s famous volatility is back. The…
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Wall Street’s Trillion-Dollar ESG Club Comes With Huge Tax Perks
(Bloomberg) — Bank of America Corp. sparked a stir in January — and a little envy — with just a few lines of…
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Biden Gets No Fresh Starts on Complicated U.S. Foreign Policy
(Bloomberg Businessweek) — “America is back,” President Biden said in February, promising a diplomacy-centered reset of foreign policy. When it…
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After Trial, Weary Minneapolis Must Reinvent Its Police Force
(Bloomberg) — In the Minneapolis neighborhood where a police officer murdered George Floyd, post-verdict celebrations this week gave way to…
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Curt Schilling’s $150 Million Fail Shows What’s Broken in Video Games
(Bloomberg Businessweek) — 38 Studios was the type of company a teenager might dream up when fantasizing about what it’d be…
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As Infrastructure Battle Heats Up, Currency Market Finds Winners
(Bloomberg) — As lawmakers wrangle over President Joe Biden’s latest trillion-dollar stimulus package, currency investors are already picking the winners…
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The Airline Savant Who Started JetBlue Is Ready to Fly Again
(Bloomberg Businessweek) — Among the strong and freely offered opinions of David Neeleman, America’s most successful living airline entrepreneur, is…
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U.S. Wages Are About to Sink in an Odd Sign of Economic Strength
With so many gauges of the U.S. economy pointing to an accelerating recovery, and even a post-pandemic boom, it seems…
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Pandemic Stress Smoking Is Helping Out Big Tobacco
(Bloomberg Opinion) — So much for lockdowns making us more health-conscious. Last week we saw Brits endure arctic conditions for a…
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Biden Aims at Top 0.3% With Bid to Tax Capital Gains Like Wages
President Joe Biden wants to end the preferential U.S. tax treatment of investment income that has benefited the nation’s wealthy…
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India’s Covid Crisis Saps Fuel Demand in Warning to Oil Recovery
(Bloomberg) — India’s deadly second Covid-19 wave has brought an abrupt halt to its nascent recovery from the pandemic, with…
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Ramadan Concerns Climb; New Curbs on Indian Fliers: Virus Update
(Bloomberg) — Southeast Asia’s biggest predominantly Muslim nations are tightening movement restrictions to avert a possible surge in Covid-19 infections…
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Biden’s Climate Summit Shows How Far U.S. Leadership Has to Go
(Bloomberg) — President Joe Biden convened world leaders for a two-day virtual climate summit on Thursday to send a message…
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Citi Retail Units Seen Fetching $6 Billion as Sales Kick Off
(Bloomberg) — Citigroup Inc. could fetch as much as $6 billion from the sale of retail banking assets in 13…
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Snap Rises After Sales, User Growth Top Analysts’ Estimates
(Bloomberg) — Snap Inc. reported quarterly revenue and daily active users that topped analysts’ estimates, boosted by digital advertising campaigns…
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Snap Reports Sales, User Growth That Top Analysts’ Projections
(Bloomberg) — Snap Inc. reported quarterly revenue and daily active users that topped analysts’ estimates, boosted by digital advertising campaigns…
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Chicago Professor Jenkins Talks Inequality in Muni Market: Q&A
(Bloomberg) — Destin Jenkins is an assistant professor of history at the University of Chicago and author of “The Bonds…
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Covid Battle Pivots to New Tactics to Get Shots to All Americans
(Bloomberg) — Having made its way through those who lined up eagerly to get vaccinated for Covid-19, the campaign to…
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‘Apocalyptic’ St. Vincent Eruption May Cost Up to 50% of GDP
(Bloomberg) — The ongoing volcanic eruption in St. Vincent and the Grenadines could cost the Eastern Caribbean nation 50% of…
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Costco Brings Its Low-Price Magic to Employer-Paid Drug Plans
(Bloomberg Businessweek) — Large American retailers have long viewed health care as a potentially lucrative avenue to expand their businesses.…
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Big Tech $100 Billion Foreign-Profit Hoard Targeted by Tax Plan
(Bloomberg) — Technology giants led by Apple Inc. and Microsoft Corp. disclosed more than $100 billion in profit outside the…
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