Bloomberg Businessweek - USA (2020-05-18)

FAUCI:

LIU

JIE/GETTY

IMAGES.

MINSK:

VASILY

FEDOSENKO/REUTERS.

HORN:

BORIS

ROESSLER/AP

IMAGES

6

INBRIEF

Bloomberg Businessweek By Benedikt Kammel

○ Wuhan, the Chinese city

where the coronavirus first

emerged last year, plans to

test its entire population of

11 million people again after

reporting new infections for

the first time since it lifted

its lockdown on April 8.

Globally, there are

4.3m

cases, and 294,000 people

have died.

○ After Tesla resumed

production at its factory

in Fremont, Calif., in

apparent defiance of a

local stay-at-home order,

health officers for Alameda

County said the factory

can reopen if Tesla adopts

safety recommendations

in addition to a plan the

company submitted.

○UberTechnologieshas

madeanoffertoacquire

Grubhub,accordingto

peoplefamiliarwiththe

matter.GrubhubandUber

Eats,twoofthelargest

fooddeliveryappsin the

U.S.,havebothseena

surgein demandduring

thepandemic.

○TheU.S.

Departmentof

Justicemovedto

dropits criminal

caseagainst

MichaelFlynn.

○ United Airlines scrapped

a bond sale worth

$2.5b

after investors balked at

the terms. For collateral,

the airline had offered

360 jets, but with an

average age of 19 years,

most would be almost

worthless in a few years.

○ Roy Horn, a German

magician and animal trainer

who gained global fame

with his partner Siegfried

Fischbacher, died at 75 of

Covid-19. Horn spent his last

years partly paralyzed after

being mauled by one of the

duo’s white tigers during a

show in Las Vegas in 2003.

○ Covea’s

$9billion

deal to buy

PartnerRe

collapsed.

○ Norwayplanstowithdraw

a record 382 billionkroner

($37.3billion)fromits

sovereignwealthfund,the

world’slargest.It’sbyfar

thebiggestcash-outyetby

theoil-richcountry,which

rtingfromthetwin

utofthepandemicand

psingcrudeprices.

○ Belarus staged a massive military parade in Minsk on May 9 to mark 75 years of

independence. The densely packed event defied global calls for social distancing,

despite the country having one of Europe’s fastest-growing infection rates.

○ “It could almost

turn the clock back

rather than going

forward.”

Anthony Fauci, director of the National Institu

of Allergy and Infectious Diseases, warned

in testimony before the U.S. Senate’s Health

Committee on May 12 of the perils of easing

lockdown measures too soon.

The French insurer had agreed to

acquire the reinsurance business from

the Agnelli dynasty, but the Italian family

refused to negotiate a lower price

amid the current economic disruption.

The judge overseeing the prosecution

of Trump’s former national security

adviser won’t immediately grant the

request, however, saying outsiders

need to weigh in on what should

happen. Separately, Paul Manafort, the

president’s former campaign chairman,

was released from prison to home

confinement as part of an effort to

protect inmates from the coronavirus.

is hur

fallou

collap

ute