Bloomberg Businessweek - USA (2020-12-21)

2

 CONTENTS Bloomberg Businessweek December 21, 2020

Cover:

IllustrationbyDavid

Sparshott FINANCE: PHOTOGRAPH BY MATTEO LA PENNA FOR BLOOMBERG BUSINESSWEEK. COVER

TRAIL:

PHOTO

ILLUSTRATION

BY

731;

PHOTOS:

ALAMY

(1),

LIBRARY

OF

CONGRESS

(1)

INBRIEF 4 A $1trillionfund○ Chinarebounds○ A bigBigPharmadeal

AGENDA 4 Tesla’sin theS&P○ Germanfinances○ Israel’sbudget

OPINION 5 Bidenmustpushfora globalclimatedisclosurestandard

REMARKS 6 Havedigitalimmunitycertificate,willtravel

1

BUSINESS 10 Lego’sbrick-and-mortarplantobuildwebsalesin China

11 MaryBarraheadsintoGM’selectricfutureona Hummer

2

TECHNOLOGY 14 AninternalethicalstruggleatGoogle

15 China’stechcompaniesbuyintocommunitybuying

17 AnITcompany’ssuccessmadeit irresistibleforhackers

3

FINANCE 18 Solongtoamateurs’dreamsofDIYalgorithmictrading

20 Indexfundsgrowtoobigforregulatorstoignore

4

ECONOMICS 22 Businessesstaggeralongonwhat’sleftoffederalstimulus

24 Japan’sfadingunionsneglectcontractworkers

5

POLITICS 26 Governorswho“bentthecurve”in springfacea hardwinter

28 TheFTC’sboldstrategytoreinin Facebook:Breakit up

30 ConservativecourtsmayhamperBiden’sregulatoryagenda

PURSUITS 51 Businessleaders’picksfor2020’sbestbooks...

56 ... andourlistofthebestcars,art,food,anddrinks

58 Post-pandemictravelerswillgetanupgradein service

59 Thestaffoflifedeservesa handmadeEnglishtoaster

LASTTHING 60 Carrierrideshighondemandforcold,cleanair

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 COVER TRAIL

How the cover

getsmade

①

“So this week’s story is

all about the office!”

“I love that show!”

“Not The Office. The

office. As in the place

where employees of

the same company

would gather to

work communally

toward a common

commercial goal?”

“I thought we were

all there for the

free snacks.”

“Don’t forget the

endless supply of

toilet paper.”

“Ah. How I miss the

ancient past. And free

BBQ chickpea chips.”

②

“Cute. But really, we’re

talking about how

the office—and office

worker—will need to

change in light of the

pandemic. Work where

you want to live! Say

goodbye to hard pants!”

“Yes! No more sitting at

the dining room table!

STANDING DESKS

FOR ALL!”

“We’ve come a long way

in nine months.”

“Agreed.”