Bloomberg Businessweek - USA (2020-11-16)

○ Thepromisingnewsabouta not-too-distantvaccine

ignitedmarketsglobally.Butstocksofcompaniesthat

benefitfromtheworld’shomeconfinementsuffered.

10

INBRIEF

○ OnNov.9, Carnivalfiled

tosellasmuchas

$1.5b

in stock,takingadvantage

ofitssurgingpriceamid

optimismabouta pending

vaccine.Still,sharesin

theworld’sbiggestcruise

companyaredownabout

two-thirdsthisyear.

○ Coronaviruscases

globallyneared 51 million,

anddeathstopped

1.26m

U.S.infectionshavesurged

tomorethan100,000a

day.Moremembersofthe

president’sinnercircle

havecaughtCovid-19,

includingchiefofstaffMark

MeadowsandHousing

andUrbanDevelopment

SecretaryBenCarson.

○ Pfizerand

Germany’s

BioNTechsaid

theircoronavirus

vaccineprevented

morethan90%

ofinfectionsin

a study.

○ Politicalturmoil

eruptedin Turkey

onNov.7, after

PresidentRecep

TayyipErdogan

dismissedthe

centralbank

governor.

○ Myanmar’sdefacto

leader,AungSan

SuuKyi,andher

rulingNational

LeagueforDemocracy

arepoisedtowinanother

termfollowingthecountry’s

secondelectionsince

militaryruleendedin 2011.

○ Chinapassed

a measureon

Nov.11 requiring

HongKong

lawmakerstobe

“patriots,”the

latestattemptby

Beijingtoquash

dissent.Hong

Kong’sopposition

resignedin protest

thesameday.

○VFCorp.agreedtobuy

streetwearfashionlabel

Supremefor

$2.1b

tobolsteritsportfolio

ofapparelandfootwear

brands.VFalsoowns

Timberland,Vans,and

theNorthFace.

○ President

Trumpfired

Defense

SecretaryMark

erin a tweet

Nov.9.

○ “Every little girl

sees that t

is a countr

Vice President-elect Kamala Harrisdeliv

speech in Delaware on Nov. 7 after Joe

the winner of the U.S. presidential electi

Bloomberg Businessweek By Benedikt Kammel

It’s the most encouraging advance

so far in the battle against the virus.

The duo said they should be able

to produce 1.3 billion doses of the

shot—enough to vaccinate 650 million

people—by the end of 2021.  21

theadministration’s second

e secretary to leave in less

o years, will be succeeded by

pher Miller, the director of the

al Counterterrorism Center.

Erdogan wants to stem the slide of the

lira, the worst performer in emerging

markets this year. A day later, Berat

Albayrak—Erdogan’s son-in-law—

resigned as finance and treasury

minister, citing health reasons.

AUNG SAN SUU KYI: KOEN VAN WEEL/GETTY IMAGES. HARRIS: KEVIN LAMARQUE/REUTERS. MINKS: OLE JENSEN/GETTY IMAGES. ICEBERG: NASA

s

n

edanacceptance

enwas declared

er,

def

n t

ist

ion

Change in index level or share price from close prior to

vaccine announcement through Nov. 11

S&P 500 Netflix Amazon Peloton Zoom

DATA: COMPILED BY BLOOMBERG

0%

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