◼ IN BRIEF 9 Sarkozy sentenced ● Lex Greensill ● An exit at Nike
◼ OPINION 10 Farmers have a stake in fighting climate change, too
◼ AGENDA 10 German vote ● George Floyd’s trial ● Biden’s stimulus◼ REMARKS 12 Hyping the risk of hyperinflation carries risks of its own11
BUSINESS 14 Tesla needs to crack Europe’s corporate car market
16 To deliver vaccines safely, shippers go all 007
17 Piracy is costing streaming services plenty22
TECHNOLOGY 20 Can Clubhouse remain the hottest app alive?
21 ▼ Silicon Valley folks needn’t live in Silicon Valley anymore24 An undersea cable gets tangled up in geopolitics33
FINANCE 27 Robinhood has a stern new sheriff on its tail
29 Walmart wants to be your bank, and banks are nervous
30 Crypto may be just what the digital art world needs44
ECONOMICS 32 Trying to loosen Taiwan and South Korea’s grip on chips
34 Australia rethinks just how global it wants to be55
POLITICS 36 At a Mexican asylum camp, migrants' hopes spring anew
38 Online shopping is saving states’ bottom lines
39 The U.S. tries to carve out a climate channel with China++
SOLUTIONS / 42 After a century of five-day weeks, how about four?
FUTURE OF WORK 44 Working from home makes people less likely to call in sick
45 Home vs. office: Tomorrow’s workplace may be both◼ PURSUITS 63 Supercars have seen the future, and it’s electric
66 High-end vehicles as investments: Not so fast, bub
68 Today’s standard car features were yesterday’s exotica
70 At Miami’s Concours Club, racy spins of pricey wheels
71 For the best-dressed driver, Steve McQueen shades◼ LAST THING 72 SPACs are private equity funds for everybody6
◼ CONTENTS Bloomberg Businessweek March 8, 2021TECHNOLOGY:PHOTOGRAPH BY TRAVIS DOVE FOR BLOOMBERG BUSINESSWEEKHow 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
800 290-5460 x100 or email [email protected] ● Letters to the Editor can be sent by email, fax, or regular mail.
They should include the sender’s address, phone number(s), and email address if available. Connections with the subject of the letter
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
gets made
①
“This week we're talking
about Pfizer's worldwide
vaccine rollout.”
“Wow, yeah. That’s a
lot of pressure. Lots of
strings to pull.”
“I’m afraid of where this
is going.”
②“Pretty dark for a guy
who developed a
lifesaving vaccine.”
“So, more God, less
father. Got it.”
③“Good John the Baptist
vibe, but still not it.”
“Hmm. So, it’s like there’s
good ... but there’s also,
like ... bad.”
“Yes! It’s called nuance
and tension. Do that.”
“It’s sort of like he
made a blueprint of
how to make money off
something awful, while
still helping the world.
My head hurts.”
“Just keep thinking about
the blueprint.”Cover:
Bryan Derballa/The New
York Times/Redux