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Bloomberg Businessweek

Bloomberg Businessweek May 31, 2021

Each issue of Businessweek features in-depth perspectives on the financial markets, industries, trends, technology and people guiding the economy. Get the digital magazine subscription today and draw upon Businessweek's timely incisive analysis to help you make better decisions about your career, your business, and your personal investments.

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United States
Bloomberg Finance LP
50 Issues

in this issue

5 min
best friends forever

As the tech industry has matured, people in Silicon Valley have become obsessed with developing ways to stop the human aging process. It started with really long bike rides and intermittent fasting, but some venture capitalists and startup employees have moved on to taking dozens of pills every morning, or injecting stem cells into their brain, or infusing their body with the blood of the young and virile. This brand of life-extension experimentation remains fringe, probably because it’s weird and there’s not a ton of evidence any of it works. But Celine Halioua has a plan to take the field mainstream, and it involves dogs. Her startup, Cellular Longevity Inc., is developing treatments that extend the life span of dogs while also making them more active in their later years. Should…

5 min
can climate-friendly eggs bring home the bacon?

On a recent sunny day, 13,000 chickens roam over Larry Brown’s 40 windswept acres in Shiner, Texas. Some rest in the shade of a parked car. Others drink water with the cows. This all seems random, but it’s by design, part of what the $6.1 billion U.S. egg industry bets will be its next big thing: climate-friendly eggs. Over the past decade, producers have skillfully persuaded consumers to pay four times the price for a dozen eggs that are marketed as good for you (organic) or as much as seven times the cost for eggs raised under conditions considered better for the animals that laid them (pasture-raised and hand-harvested). That’s no mean feat, given that a carton of conventional eggs can still be had for less than $1. But savvy marketing…

3 min
the fed should signal a willingness to change with pandemic data

The Federal Reserve had little choice last year but to promise pedal-to-the-metal monetary accommodation with no letup in sight. This unequivocal commitment was the only instrument it had left to provide what was then a necessary stimulus. Now, awkward as it might be—not least for its credibility with investors—the Fed needs to start walking this promise back. Today’s monetary policy settings aren’t necessarily wrong. Interest rates close to zero and hefty monthly bond purchases might very well be the correct posture for the Fed. Yet economic data have underlined risks in the outlook. The Fed needs to show it’s watching these uncertainties with an open mind, rather than telling markets, “Nothing to see here, move along.” Consumer prices in April were 4.2% higher than a year earlier. To be sure, this number…

5 min
instant cure for the munchies

On a quiet street in the rapidly gentrifying London neighborhood of Shoreditch, a small storefront thrums to a disco beat. Workers in black jackets wielding tablet computers hustle from aisle to aisle, packing bags with indulgences such as beer, avocados, and ice cream. As soon as the sacks are full, couriers on electric bikes whisk them off to customers who placed their orders less than 10 minutes earlier. The fulfillment center in a former handbag store is one of more than 60 such operations in four countries run by Gorillas, an instant-delivery startup based in Berlin that will begin operating in the U.S. on May 30. Around the world, dozens of companies have jumped into the fast-growing business, including newcomers such as Philadelphia-based Gopuff, Turkey’s Getir, and Dija in London, as…

20 min
the evanston reparations experiment

Lucious Sutton disconnected the water line, the gas line, and the sewer line for the home he’d built on Bauer Place on the northwestern edge of Evanston. He and his brothers removed the appliances and the furniture. They secured the windows. Then he watched as men he didn’t know—maybe they worked for the city, maybe for a property developer—jacked up the wooden house, set it onto a truck, and drove it a mile-and-a-half to the neighborhood the city had deemed more suitable for Black families. A sheriff stood by. It was May 1929, five months before the onset of the Great Depression. Evanston, just north of Chicago on the shore of Lake Michigan, even then thought itself the ideal American town, with fine homes, a university, and a certain class. The…

3 min
the new european tour

LAKE COMO, ITALY The punishing Colma di Sormano is part of a 42-mile loop that begins just beyond the terrazzo-floored lobby of the Hotel Villa Flori on the lake’s southeastern shore. The dizzying climb, with 24% pitches, features prominently in the annual Giro di Lombardia race, so tackle it with a rider from ComoLagoBike, whose lead guide is the lauded ex-pro Alberto Elli. Stay Most of the 53 rooms at Flori—a 19th century wedding gift from a nobleman to his daughter—have lake views from private balconies. But the vistas are even better from the rooftop spa and the cedar-flanked garden, where you can carbo-load on Belgian waffles for breakfast. Treat yourself The chilled Japanese whisky with jasmine tea at the hotel Vista Palazzo’s Infinity Bar is a highlight on a globally inspired menu.…