Your Weekend Reading: Two Long Years of Pandemic
Get caught up.
Two years. That’s how long the pandemic might last. While the Trump administration has a plan to drastically cut the time needed to develop a vaccine, such an effort could hurt more than it helps. Making sense of all the research can truly be a struggle. Jared Kushner’s “Project Airbridge” is missing some details, including how medical supplies were priced and distributed. Meanwhile, China is trying to prevent a second wave of infection. And alongside shortages, there are now gluts of pigs, milk and brand-new cars.
Here’s what you need to know about how small U.S. businesses are coping with the economic fallout. Rich Americans are seizing the chance to pass on wealth tax-free, adding to ways in which the pandemic may further worsen American inequality.
Amazon said it may incur a loss this quarter, while Apple didn’t even provide a forecast. Bloomberg Businessweek explores how Exxon Mobil went from an oil juggernaut to just a mediocre company.