2020-03-23 Bloomberg Businessweek

AGENDA

○ Lockheed

Martinnamed

boardmember

JamesTaicletas

itsnextCEO.

○ IraqilawmakerAdnan

Al-Zurfiwasappointed

primeministeronMarch

andtaskedwithbuilding

a cabinetwithinthenext

30 days.He’llneedto

actquicklytoovercome

deadlyantigovernment

streetproteststhathave

destabilizedthecountry

formonths.

○ TomBradywillleavethe

NewEnglandPatriotsafter

20 seasonswiththeteam,

whichheledtosixSuper

Bowlchampionships.

Brady,42,saidit’s“timefor

metoopena newstagefor

lif d ”

○ Whistleblower

Chelsea

Manningwas

releasedfrom

prisonfollowinga

suicideattempt.

TheU.S.

reportsits

weeklycrudeoil

inventorieson

March25.Given

theslumpin air

androadtravel,

thefocuswill

beonrefined

productssuch

asgasoline.

U.K.Chancellor

RishiSunaktakes

questionsfrom

lawmakersin

Parliamenton

March24.Sunak,

who’sbeenin the

jobforonlya few

weeks,recently

deliveredhisfirst

budget.

Israeli

telephone

company

Cellcomreports

earningson

March23.It’s

warnedthatthe

coronaviruscrisis

mayhurtaccess

tocapitaland

equipment.

TendaysaftertakingoverasgovernoroftheBankof

England,AndrewBaileychairshisfirstmonetarymeeting

onMarch26.Likeothercentralbanks,theBOEhasmade

emergencyratecutstoeasetheimpactofthepandemic.

ILLUSTRATION BY AHAOK. FELIPE: GETTY IMAGES. MANNING: ERIC BARADAT/AFP/GETTY IMAGES.

BRA

6

BloombergBusinessweek March23, 2020

 IN BRIEF

○ Bill Gates

is stepping

down from

the board of

Microsoft.

○ King Felipe VI of Spain severed

his financial ties with his father,

King Emeritus Juan Carlos I,

renouncing an inheritance and

cutting a stipend to him. The former

monarch has been engulfed in a Swiss

offshore account investigation. He

abdicatedin 2014,citinghealthissues.

○ The S&P 500 had its third-worst daily loss ever on

March 16, and the Dow suffered its biggest decline since

the Black Monday crash in 1987.  23

Gates, who co-founded the company

in 1975, says he’ll devote more time

to philanthropy. He served as CEO

until 2000, the year he started his

foundation, and was chairman until

early 2014.

She’d been held for more than a

year for refusing to cooperate with a

grand jury investigating the WikiLeaks

platform. Manning had previously spent

seven years in jail for leaking classified

videos and cables, before her sentence

was commuted by President Obama.

oveputs an outsider at the

ofthe world’s largest defense

actor.His predecessor,

ynHewson, will become

tivechairman.

mylife and career.”

The m

helmo

contra

Marilly

execut

AGENDA

 

t

e

Ten days after taking over as governor of the Bank of

Ready,Set,Cut!

ADY: ADAM GLANZMAN

/GETTY IMAGES. DATA: COMPILED

BY

B

BER

G

S&P 500

12/31/19 3/17/

3,

2,

2,