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◼ CONTENTS Bloomberg Businessweek March 1, 2021Cover:
Photograph by
Jessica Petway
for Bloomberg
Businessweek TECHNOLOGY: PHOTOGRAPH BY JUSTIN J WEE FOR BLOOMBERG BUSINESSWEEK◼ IN BRIEF 6 Trump’s taxes ● Facebook in Australia ● Copper climbs
◼ OPINION 7 Obamacare works, but there’s room for improvement
◼ AGENDA 7 The U.K. budget ● Reopening Germany ● America’s Cup◼ REMARKS 8 “Fortress D.C.” builds more barriers—and rattles the locals11
BUSINESS 10 AstraZeneca’s vaccine suffers the bumpiest rollout of all
12 Those small Airbus planes could leave Boeing far behind
14 A Buffett offspring sells China on altruistic ways to invest22
TECHNOLOGY 16 ▼ The young MIT grad who aced the virus numbers18 How Tatyana Bakalchuk came to dominate Russian e-tail
19 Can Twilio keep cleaning up as the lockdown eases?33
FINANCE 20 How pensions’ far-flung investments fueled an oil fight
22 GameStop could jump-start Democrats’ bid to tax trades
23 Invesco’s Martin Flanagan on China, Bitcoin, and SPACs44
ECONOMICS 24 Fixing infrastructure: And you thought Covid relief was big
25 Bolsonaro retakes the reins from his finance minister
26 France dusts off participative loans55
POLITICS 28 A pandemic (Covid) makes an epidemic (opioids) worse
30 After Mo Brooks’s rants about Jan. 6, his donors turn tail++
STRATEGIES 32 As sales soared, Piecework Puzzles kept from falling apart
34 How to help workers through tough times like these
35 MIT’s Danielle Li on interviewing better job applicants◼ PURSUITS 55 Hawaii wants tourists back. But not just any tourists
58 Ferran Adrià shares old recipes. Like, 2 million years old
60 After the game, have a beer—a body-restoring beer
61 A 4.24-carat emerald to wear around the house
62 Art galleries had a surprisingly fabulous 2020◼ LAST THING 64 GE decided not to spin off health care. Smart moveHow to Contact Bloomberg Businessweek
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bloombergbusinessweek/ ▶TWITTER @BW ▶ INSTAGRAM @businessweek◼ COVER TRAIL
How the cover
gets made
①
“So this week we’re
doing a story about
StockX. Turns out kids
are making real money
reselling sneakers on
the site.”
“Real money, liiike—”
“Like gold-Rolex-on-
the-wrist money. Wait,
what are you doing?”
“Looking through my
closet.”
“For what?”
“I’ve got 60 pairs of
sneakers! I’m probably
sitting on a cool million!
Look at these!”
[Holds up New Balance
running shoes that
appear to have been
worn only in the rain]
“You couldn’t give those
away as ‘free pickup’ on
Craigslist. We’re talking
Yeezys, Jordans. ...”
“So what you’re saying
is, I’ve got nothing?”
“Sadly, no. Just a solid
dump run.”
“Oh, the treachery of
asset classes!”