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◼ CONTENTS Bloomberg Businessweek November 16, 2020COVER:JOHNFRANCISPHOTOGRAPHPETERSBY LIGHTHIZER: KEVIN LAMARQUE /REUTERS◼INBRIEF 10 Pfizer’sbreakthrough● Turmoilin Turkey● EUtariffs
◼AGENDA 11 G-20summit● Chinagrowth● A presidentialmemoir
◼OPINION 12 Nowthefightagainstclimatechangehasa realchance◼REMARKS 14 Thefirststepofrebuilding:Bringbackbureaucracy11
BUSINESS 19 EVsareontheway,andBidenis pushingthemalong
21 BeforeyoupopopentheChampagneoverthatvaccine...
24 Asotherairlineshitthebrakes,IndiGogunstheengines22
TECHNOLOGY 27 WhathappenswhenTrump’sjustanothertwitizen?
29 ThenewXboxandPlayStationconsolessquareoff33
FINANCE 32 AtWirecard,$2billionis missing—andsois theCOO
35 It’sgettingtougherfornon-WhiteAmericanstocatchup
38 Whata BidenadministrationcouldmeanforWallStreet44
ECONOMICS 40 ▼So,whatdoesJoedowithLighthizer’stradelegacy...43 ... Andwhatkindofeconomydoesheinherit,anyway?55
POLITICS 44 Obamacare’sfatemaydependonwhotakestheSenate
46 Derry:FirsttheTroubles,nowBrexitandCovid◼LASTTHING 88 HowChinais keepingitscitizensfromspendingabroadHow to Contact Bloomberg Businessweek
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How the cover
getsmade
①
“So, our annual New
Economy issue is upon
us! And—surprise—
there’s a lot for us to
talk about this year.”
“Plus, we’re
BACK, baby!”
“Well, yes. If you’re
referring to the fact
that with a Biden
administration the U.S.
will probably return
to a larger role on the
proverbial world stage,
you’re correct. We are,
indeed, BACK.”
“Oof. Come to think of
it, that sounds like a lot
of pressure for the U.S.
All I can say to all of
us is ...”“Gonna need 100%
less vulgarity on that.
But the sentiment
is good. People are
celebrating, but with
great power comes
great responsibility.”
“Marvel fan, huh?”
“Spidey 2024!”