2019-08-05_Bloomberg_Businessweek-Europe_Edition

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◼ CONTENTS Bloomberg Businessweek August 5, 2019

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Cover:

Illustration by

Scott Gelber

CORRECTION “ElizabethWarrenIs DonePlayingIt Safe”(Cover,July 29) said Al Franken was first elected

to the Senate in 2012; he was elected in 2008. AMLO: PHOTOGRAPH BY BRETT GUNDLOCK FOR BLOOMBERG BUSINESSWEEK

◼INBRIEF 7 BrexitorbustforJohnson;Bayer’sweedkillerwoesgrow

◼AGENDA 8 Demshitthemidwayin Iowa;Chinareportsontrade

◼OPINION 8 Countering Iran at sea will require an international effort

◼ REMARKS 10 Big Media wants in on Netflix’s turf. There will be blood

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BUSINESS 14 FantasyrunsintotroublingrealityatVictoria’sSecret

16 Brazil’sNaturais callingonAvontohelptake it global

18 Oatly’s path to alt-milk world domination

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TECHNOLOGY 20 JessLeecarvesouta spacein themaleworldofVC

22 Capturing carbon with “a tree that grows like grass”

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FINANCE 24 TurmoilatSouthAfrica’sstate-ownedmoneymanager

26 Theendis nearforthestrong-dollarpolicy.Well,maybe

27 CEO Adena Friedman on moving Nasdaq beyond trading

ECONOMICS 28 Inequalityasaninvestmentplayis over

29 Thesurprisingresilienceofsmallliberalarts colleges

31 China’s Gen Z falls hard for easy credit

POLITICS 32 ▼ A Q&A with Mexican President López Obrador

34 PredictIt has opened up a big lead in 2020 election betting

◼PURSUITS 51 Expeditioncruisesofferluxury—andculturalcomplexity

55 Elegantwaterpitchersfrom$20toa cool$9,

56 Porscheorno,the 1939 Type 64 willfetcha prettypenny

58 TheAfricanAmericanstoryis anAmericanstory

59 Play like the devil on a guitar built with wood from a church

◼ LAST THING 60 Ultralow interest rates are good news/bad news for states