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◼ CONTENTS Bloomberg Businessweek December 7, 2020
Cover:
Photographsby
DjenebaAduayom,
BraylenDion,AndyRyan
Flores,LelanieFoster,
GiulioGhirardi,Laurel
Golio,JeremyLiebman,
AndrewMiksys,
BethanyMollenkof,
TracyNguyen,JustinJ.
Wee,allforBloomberg
Businessweek GHANA: PHOTOGRAPH BY NICHOLAS SENU ADATSI FOR BLOOMBERG BUSINESSWEEK. SWIZZ BEATZ: PHOTOGRAPH
BY
TRACY
NGUYEN
FOR
BLOOMBERG
BUSINESSWEEK
◼INBRIEF 9 DoorDashIPO● Bitcoinsoars● A superCyberMonday
◼OPINION 10 Biden’sopportunitytoremakeU.S.diplomacy
◼AGENDA 10 EUleadersmeet● Chewyearnings● ECBsetsrates
◼REMARKS 12 Worldleaderscanagreeononething:BigTechis toobig
11
BUSINESS 15 A collisioncourseforElonMuskandGermanlabor
17 Chinesebrandsmakeinroadsathome
18 VaccinedistributionwillrelyonCovid-batteredairlines
19 A makerofsyntheticpsilocybinontreatingdepression
22
TECHNOLOGY 20 Airbnb’ssuccessfulpandemicpivot
22 EUantitrustenforcersandAmazontrytoplaynice
23 Salesforce’sSlackdealupsthepressureonMicrosoft
33
FINANCE 25 A newteamofsmall,cheapstockskeepsthebullrunning
27 ▼ Thepandemictakesa tollonmicroloanborrowers
44
ECONOMICS 30 TheFed’slifelineforMainStreetcomesupshort
32 Thepopeis gettingpushbackonfinancialreforms
55
POLITICS 35 ThepotindustrylookstoGeorgia’srunoffs—andbeyond
37 A budgetwinforChicago’smayorleavesnoonehappy
38 Scotlanddeclaresaccesstomenstrualproductsa right
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◼ COVER TRAIL
How the cover
getsmade
①
“So, this week it’s
the fourth annual
Bloomberg 50, our list
of people who made
significant and—this
part is important!—
quantifiable
contributions in 2020.”
“Did I finally make it?!”
“Alas, no employees.”
“So you just pick 50
people, and that’s that?”
“The Bloomberg 75 just
wasn’t as sexy.”
“Well, last year we had
all 50 people on the
cover. Maybe we do one
person this year?”
“But it’s Bloomberg 50.
We need all 50.”
“Fifty is too big a crowd
for a 2020 cover. It’s
making me panic! Let’s
just show 5 people.”
“No, 25 people.”
“How about 12?”
“OK, 12.”