Bloomberg

2021-03-05 14:51:17 Virgin Galactic chairman Chamath Palihapitiya sold his personal holding in the space-tourism company founded by Richard Branson, raising $213 million. https://bloom.bg/3bjdvql

A 7,500-mile undersea cable from China to Europe is raising tensions between Beijing and Washington. https://bloom.bg/3sQbsA7

And Joe Biden may have to wait months longer to ride on a new Marine One helicopter. A lingering flaw means the aircraft still poses a risk of scorching the White House lawn. https://bloom.bg/3ebbZsh Open / Comment

2021-03-05 06:29:01 China's biggest political meeting of the year kicked off on Friday. Beijing is targeting GDP growth of above 6%, well below forecasts, and plans to boost defense spending by 6.8%. https://bloom.bg/2PsgmVu

Since tourism isn't showing any signs of recovering, hotels in Hong Kong are being turned into apartments to satisfy housing demand. https://bloom.bg/30b65PE

Pfizer’s fast vaccine distribution has made the company a hero of the pandemic, but that doesn’t mean it hasn’t made entire countries angry. Take a look inside the fraught rollout of the lifesaving shot: https://bloom.bg/3kN76XR Open / Comment

2021-03-04 14:40:30 Nintendo plans to unveil a model of its Switch gaming console equipped with a bigger Samsung OLED display this year, hoping that the larger touchscreen will prop up demand in time for the holidays. https://bloom.bg/3kLfMOj

The European Medicines Agency said it has started a rolling review of Russia's Sputnik V Covid-19 vaccine. It's the first major step in gaining approval for use in the European Union. https://bloom.bg/30prl4x

Donald Trump is telling allies he's strongly considering another run for president in 2024 — and close advisers want him to choose someone other than former Vice President Mike Pence for his ticket. https://bloom.bg/3jTIUT4 Open / Comment

2021-03-04 06:00:19 The U.S. and China are rattled by just how dependent they are on Taiwan and South Korea for chips. The two powerhouses account for 43% of semiconductor manufacturing capacity. http://bloom.bg/388ahUQ

An Indian Covid vaccine that generated controversy when it was granted emergency approval before finishing final-stage tests showed an 81% efficacy rate. http://bloom.bg/2Ood6tD

Asia’s richest families are jumping on the SPAC wagon, investing in blank-check companies as interest rates near zero. http://bloom.bg/3e6JA6F Open / Comment

2021-03-03 14:31:12 Swedish health officials said Stockholm has succumbed to a resurgence of the pandemic, after infections soared 100% over the past three weeks. https://bloom.bg/3kE4ZW9

Chancellor of the Exchequer Rishi Sunak is set to unveil his second U.K. budget Wednesday. Here's what to watch. https://bloom.bg/386wG4H

And Hong Kong's luxury property market has set another record. A house in the 11 Plantation Road project on the Peak is renting for HK$1.35 million per month — more than $2 million a year. https://bloom.bg/2PwPfsv Open / Comment

2021-03-03 06:21:46 The meme-stocks trading phenomenon has resulted in a new ETF. Launching Thursday, BUZZ purports to track the 75 most-favorably mentioned companies on the internet. http://bloom.bg/3e3SxgY

A Japanese billionaire is running a contest to select eight people to join him on the first commercial SpaceX flight around the moon in 2023. http://bloom.bg/2PuxPNd

China’s biggest political meeting of the year is kicking off Friday. Here’s a guide on what to expect, from birth policy to economic targets: http://bloom.bg/387dlAC Open / Comment

2021-03-02 14:27:29 Nike executive Ann Hebert abruptly left the company, following a Bloomberg Businessweek report about her son reselling sneakers and using a credit card in her name. https://bloom.bg/3q3WDbf

Pandemic restrictions in 2020 caused a historic drop in carbon-dioxide pollution. But economic activity eventually picked up, and in December, emissions were higher than in 2019. https://bloom.bg/3kyLLkI

Billions of doses of coronavirus vaccines —worth tens of billions of dollars — are set to be dispatched around the world. Here's how shipping companies are protecting the precious cargo. https://bloom.bg/304my8i Open / Comment

2021-03-02 06:01:40 A Bank of America gauge is near a level that historically has been bearish for stocks — and it’s very close to triggering a sell signal, according to new research. http://bloom.bg/3uKjFrn

The father and son accused of orchestrating Carlos Ghosn’s escape are now in custody. The Americans face a possible three-year sentence in Japanese prison while the former Nissan chairman is a free man in Lebanon. http://bloom.bg/3szDsaU

Sorry steak lovers, Australia’s running out of cows. Cattle producers are racing to rebuild their herds, or Aussie beef may slip off menus globally. http://bloom.bg/3bTy Open / Comment

2021-03-01 14:50:30 Warren Buffett made no splashy deals in 2020, and he didn't weigh in on some of the year's most contentious topics. But behind the scenes, the 90-year old billionaire broke a stock-buying record. https://bloom.bg/3r4XppV

Dubai's population dropped by 8.4% last year, as expat workers lost their jobs in the pandemic. The drop in Dubai — the Middle East's hub for business and tourism — was the biggest in the region. https://bloom.bg/3bN2cFX

And former President Donald Trump told a conference of conservative supporters that he's laying the groundwork for a 2024 presidential run. "Who knows? I may even decide to beat them a third time," he said. https://bloom.bg/303DtrD Open / Comment

2021-03-01 05:14:09 Walmart poached two Goldman Sachs bankers to help lead a new fintech startup as part of its entry into the banking business. https://bloom.bg/2OaVVvy

The move underscores the seriousness of Walmart’s plans to get involved with customers’ financial lives. It also puts the retailer one step closer to being JPMorgan's biggest nightmare. https://bloom.bg/38dQsvt

And in markets, sovereign bonds rebounded, U.S. futures rose and the dollar dipped Monday. Here’s what you need to know to start the week: https://bloom.bg/37YNvhU Open / Comment