Bloomberg Businessweek - USA (2020-01-27)

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PETERSON/REDUX.

DIMAIO:

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SCAN:

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THUNBERG:

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ERG

INBRIEF

ByBenediktKammel

Bloomberg Businessweek January 27, 2020

○ An outbreak of a

coronavirus that originated

in the poultry and fish

markets of Wuhan, China,

has spread person-to-

person to other parts of the

country and Hong Kong,

as well as to Japan, South

Korea, and Thailand. On

Jan. 21 the first U.S. case

was confirmed near Seattle.

Senator Elizabeth Warren, describing

Republican votes against amendments

calling for more evidence.

○ UBS announced a

surprise outflow of funds

at its wealth management

unit last quarter of

$4.7b

The setback underscores

the challenges facing the

Swiss company’s new star

banker, Iqbal Khan, who

joined from crosstown rival

Credit Suisse last year to

co-run that business.

○ Swedishclimateactivist

GretaThunbergcame

totheWorldEconomic

Forumin Davoswith a dark

message:Greenhouse gas

emissionshaven’tbeen

reducedmeaningfully,

despiteallthetalkabout

theenvironment.“Without

treatin hi l

crisis,w

shesa

require

moret

Thisis

verybe

○ PresidentTrump

andhisFrench

counterpart,

Emmanuel

Macron,agreed

ona trucein their

disputeover

digitaltaxes.

○ “A fair

trial

doesn’t

matter

to them.”

○Themainindustry

groupfordrugmakers, the

PharmaceuticalResearch

& Manufacturersof

America,spenta record

$28.9m

onlobbyinglastyear,

accordingtothelatest

disclosures,asit pushed

backonlegislation

meanttocontrolthe

priceofmedicine.

Animageofa thermalscanofpassengerspassingthrougha quarantinestation

at Narita Airport in Tokyo.

Frenchnegotiatorscautionedthatthe

“devilis in thedetails”andsaidthetwo

sidesstillneedtoreacha resolution.

○TheresignationofLuigi

DiMaioasleader

oftheFiveStar

Movement,the

biggestpartyin Italy’s

fractiouscoalition,hasset

thestagefora bruising

successionbattlethat

threatenstodestabilize

PrimeMinisterGiuseppe

Conte’sgovernment.

○ Jeff Bezos’

mobile phone

was hacked.

United Nations experts accused Saudi

Crown Prince Mohammed bin Salman

of possible involvement in a 2018

attack on Bezos’ phone in an effort

to“influence,if notsilence”reporting

onSaudiArabiabytheBezos-owned

WashingtonPost. Officialsat the Saudi

Embassyin Washingtoncalled the

reports“absurd.”

EEEAA

g this asa real

we cannotsolve it,”

id. “Itwill

emuch

hanthis.

justthe

eginning.”

 Democrats won some concessions in the trial to convict and remove President

Trump, including extending the opening arguments to three days. But Republicans

blocked other demands. Above, Chief Justice John Roberts arrives at the Senate.

Wuhan

Beijing