2020-03-23 Bloomberg Businessweek

2

Cover:

Photographby

SamanthaCasolari

forBloomberg

Businessweek YALE BULLETIN BOARD: PHOTOGRAPH BY ELIZABETH HIBBARD FOR BLOOMBERG BUSINESSWEEK

 COVER TRAIL

How the cover

getsmade

 CONTENTS Bloomberg Businessweek March 23, 2020

CORRECTION “ShouldWeBailOutCompaniesLeftReeling?”(Covid-19 / Government, March 16, 2020) quoted

Senator Lindsey Graham as saying that Senator James Lankford, an Oklahoma Republican,

suggested a bailout for the shale drilling industry. Lankford denies it.

 IN BRIEF 5 A $1.3t shot in the arm ○ Gates exits Microsoft

 AGENDA 6 BOE’s new boss gets to work ○ U.S. reports oil inventory

 REMARKS 8 The high-stakes Saudi plan to win the oil war

BUSINESS 12  Colleges cram for a big test in online education

14 The medical supply chain’s weaknesses are unmasked

TECHNOLOGY 16 Silicon Valley’s coronavirus solutions are far from ready

18 To meet demand, Amazon strips down to the essentials

FINANCE 20 What happens when you shut down the entire economy?

A look at the chaos in credit markets, stocks, emerging

markets, and once reliable safe havens

ECONOMICS 26 The best Rx for the global economy is global cooperation

28 Texas faces a double-barreled crisis

POLITICS 30 The virus hit at the worst possible time for Trump’s

reelection, because a lousy economy is tough to shake

SOLUTIONS / 34 MBA recruiters rank sustainability experience dead last

BUSINESS SCHOOLS 36 Employers give high marks to some lesser-known schools

37 One-year programs for those who feel the need for speed

38 The class of 2020 faces an uncertain summer

 PURSUITS 59 Roam the Earth in a $700,000 Winnebago on steroids

62 Rustic American barns are reborn as showplace homes

64 Firewater aficionados weigh in on their favorite moonshine

66 Architect Rem Koolhaas wants us to reconsider the rural

67 Put out the scented candles, and try this high-end incense

 LAST THING 68 A federal check will help people, but not businesses

We dedicate this issue to our colleague Barry Maggs (1964-2020)

How 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

①

[Logs in to group

video chat]

“This week’s story is

about David Ho. He’s a

scientist working on a

coronavirus cure.”

“He better be working

fast. Me and my

cat are about to kill

each other.”

②

“Can we make the

type faster?”

“You know, the world is

falling apart, and this is

just a magazine cover,

we’re not actually—”

“FASTER!”