Bloomberg Businessweek - USA (2020-12-07)

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◼ CONTENTS Bloomberg Businessweek December 7, 2020

Cover:

Photographsby

DjenebaAduayom,

BraylenDion,AndyRyan

Flores,LelanieFoster,

GiulioGhirardi,Laurel

Golio,JeremyLiebman,

AndrewMiksys,

BethanyMollenkof,

TracyNguyen,JustinJ.

Wee,allforBloomberg

Businessweek GHANA: PHOTOGRAPH BY NICHOLAS SENU ADATSI FOR BLOOMBERG BUSINESSWEEK. SWIZZ BEATZ: PHOTOGRAPH

BY

TRACY

NGUYEN

FOR

BLOOMBERG

BUSINESSWEEK

◼INBRIEF 9 DoorDashIPO● Bitcoinsoars● A superCyberMonday

◼OPINION 10 Biden’sopportunitytoremakeU.S.diplomacy

◼AGENDA 10 EUleadersmeet● Chewyearnings● ECBsetsrates

◼REMARKS 12 Worldleaderscanagreeononething:BigTechis toobig

11

BUSINESS 15 A collisioncourseforElonMuskandGermanlabor

17 Chinesebrandsmakeinroadsathome

18 VaccinedistributionwillrelyonCovid-batteredairlines

19 A makerofsyntheticpsilocybinontreatingdepression

22

TECHNOLOGY 20 Airbnb’ssuccessfulpandemicpivot

22 EUantitrustenforcersandAmazontrytoplaynice

23 Salesforce’sSlackdealupsthepressureonMicrosoft

33

FINANCE 25 A newteamofsmall,cheapstockskeepsthebullrunning

27 ▼ Thepandemictakesa tollonmicroloanborrowers

44

ECONOMICS 30 TheFed’slifelineforMainStreetcomesupshort

32 Thepopeis gettingpushbackonfinancialreforms

55

POLITICS 35 ThepotindustrylookstoGeorgia’srunoffs—andbeyond

37 A budgetwinforChicago’smayorleavesnoonehappy

38 Scotlanddeclaresaccesstomenstrualproductsa right

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◼ COVER TRAIL

How the cover

getsmade

①

“So, this week it’s

the fourth annual

Bloomberg 50, our list

of people who made

significant and—this

part is important!—

quantifiable

contributions in 2020.”

“Did I finally make it?!”

“Alas, no employees.”

“So you just pick 50

people, and that’s that?”

“The Bloomberg 75 just

wasn’t as sexy.”

“Well, last year we had

all 50 people on the

cover. Maybe we do one

person this year?”

“But it’s Bloomberg 50.

We need all 50.”

“Fifty is too big a crowd

for a 2020 cover. It’s

making me panic! Let’s

just show 5 people.”

“No, 25 people.”

“How about 12?”

“OK, 12.”