Five Things You Need to Know to Start Your Day

Unusual Covid-19 symptoms point to the Delta variant being more severe. China faces nationalist anger over a U.S. plane in Taiwan. An international tax plan is being crafted to include Amazon. Here's what you need to know to start your day.

Global policy makers are crafting an international tax plan to make sure Amazon.com is included, even though the U.S. company’s profit margin is below the 10% proposed threshold that would give other countries rights to collect revenue. G-7 finance ministers on Saturday voiced support for proposed rules. Amazon has estimated a global operating margin of 7.1% this year, but two people familiar with the negotiations said Amazon will be included. Amazon shares dropped as much as 1.1% to $3,172.20, briefly hitting a session low on the news, before closing the day little changed. Here’s an explainer on the broader plan. While an agreement is still far off, the momentum behind stopping sweetheart multinational deals is unmistakable, writes Bloomberg Opinion columnist Lionel Laurent.