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◼ CONTENTS Bloomberg Businessweek November 23, 2020Cover:Illustration
byArno SANTA: PHOTOGRAPH BY TAG CHRISTOF FOR BLOOMBERG BUSINESSWEEK◼INBRIEF 6 Vaccinebreakthroughs● Boeing 737 ● HurricaneIota
◼AGENDA 7 A slumpin thesky● BlackFriday● MikeTyson!
◼OPINION 7 TheFedhastokeepthatmoneygoingouttocities◼REMARKS 10 Unfortunately,there’snovaccineforbureaucracy11
BUSINESS 14 ▼ DearSanta:Thisyear,let’sdoa Zoomvisit16 HowDeltais flyingclearofTrump’simporttariffs22
TECHNOLOGY 20 Everybodylovestheserobots.Butwilltheyhirethem?
22 AsCovidtreatmentsprogress,flushotsmayimprove33
FINANCE 24 Theprosaren’tbeatingthemarket.Amateursare
26 A hardsellonfrackingsandspursanSECprobe44
ECONOMICS 28 In Florida,a $15minimumwagewinsbiggerthanTrump
30 TheMountEveresteconomyemergesfromlockdown55
POLITICS 32 Whenfederalcoronavirusdatadidn’tmaterialize,this
volunteer-poweredgroupsteppedup++
SOLUTIONS/ 39 California’snextgoldrushmaybeallaboutlithium
INNOVATION 42 Withself-drivinga waysoff,sensormakershavea PlanB◼PURSUITS 65 HolidayGiftGuide:Fora seasonbythefireside,we
suggestspasundries,winterwarmups,chocolate
confections(andScotchtowashthemdown),andmore◼LASTTHING 76 Somuchstreaming,yetHollywoodjobsarescarceHow to Contact Bloomberg Businessweek
EDITORIAL 212 617-8120 ● AD SALES 212 617-2900, 731 Lexington Ave. New York, NY 10022 ● EMAIL [email protected]
● FAX 212 617-9065 ● SUBSCRIPTION CUSTOMER SERVICE URL businessweekmag.com/service ● REPRINTS/PERMISSIONS
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should be disclosed. We reserve the right to edit for sense, style, and space ● Follow us on social media ▶ FACEBOOK facebook.com/
bloombergbusinessweek/ ▶TWITTER @BW ▶ INSTAGRAM @businessweek◼ COVER TRAIL
How the cover
getsmade
①
“So Trump hasn’t
conceded and Covid
is a raging wildfire, but
I think we should do
a cover story about
the online pet retailer
Chewy—”
[Dog barks in the
background]
“He barks whenever I
say ‘Chewy.’ ”
[Dog barks again]
“Is that a Bengal I see in
your lap?”
[Loud sound of purring
over video chat]
“My Smooshie Wooshie
gets all her organic
cat litter and exotic
animal food delivered
from Chewy. Don’t
you, Smooshie? Yes,
you do!”
[Continuous dog
barking]
“Ah, yes, we’re big
fans of the free-range
organic chicken liver
treats from ... well, you
know where.”
[Even louder purring]
“There’s this wall-
mounted cat fort we’re
eyeing—only $350,
too. Isn’t that right,
Smooshie? You love
your Chewy!”
[More barking, then
the sound of a lamp
crashing to the floor]
“I’m starting to see
why this is such a good
business model ... ”