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Bloomberg Businessweek-Asia Edition

Bloomberg Businessweek-Asia Edition 5/28/2018 (double)

Each issue of Businessweek features in-depth perspectives on the financial markets, industries, trends, technology and people guiding the economy. 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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Bloomberg Finance LP
50 Issues

in this issue

1 min
far, far away? more like so, so close

Most telescopes are more pleasing to look through than to look at, but the sleek, $2,999 Stellina from French startup Vaonis revolutionizes on both fronts. Not only does it resemble a prop from 2001, it also comes without the traditional eyepiece. Here, the goal is less searching, more finding: Select, say, the Andromeda Galaxy from one of 150 preloaded options on the app, and the motorized telescope—less than 20 inches tall and powered by a battery good for about 10 hours—focuses itself on the star system and sends a close-up view to your phone or tablet. THE COMPETITION The ETX 125 Observer ($699) from Meade Instruments Corp. has quality optics coupled with the ability to guide itself to any object in its 30,000-item database. But to save images of your interplanetary wanderings,…

5 min
birds, bees, but not millennials

It made perfect sense when American women reacted to the recession of 2007-09 by having fewer babies. But we’re nine years into the second-longest expansion on record, unemployment is well below average, and yet the birthrate hasn’t rebounded. The number of births in the U.S. fell in 2017 to its lowest in 30 years. What’s going on? One possible explanation is that the economy’s good health masks continued hard times for men and women in their 20s and early 30s, who are responsible for most baby-making. “This young generation, millennials, I think they still feel pretty uncertain, as if they can’t afford to make this big long-term commitment” to raising a family, says Karen Guzzo, a sociologist at Bowling Green State University. “They have these standards: ‘I want to live in…

1 min

▶ You Just Got Netflixed At the streaming service’s annual meeting on June 6, investors will focus on two key figures: subscriber growth, of course, but also spending on original content. The more Netflix produces, the harder it becomes for smaller services to compete. ▶ Investors in businesses associated with sanctioned Russian billionaire Oleg Deripaska must withdraw money by June 6 or risk U.S. sanctions themselves. ▶ Karim Baratov, who pleaded guilty to illegally accessing user information for hundreds of millions of Yahoo! email accounts, will be sentenced on May 29. ▶ The New Jersey Legislature is expected to pass a bill legalizing sports betting on June 7. Governor Phil Murphy hopes to sign it into law that day. ▶ The American Society of Clinical Oncology hosts its annual meeting from June 1-5, with…

23 min
stay or leave?

John Arnett chose Adams County, Ohio, as his home long before he was old enough to vote, drink beer, or drive a motorcycle along the Ohio River. After his parents split up, Arnett opted at age 10 to spend most of his time with his grandmother in Adams County, along the river 70 miles southeast of Cincinnati, rather than with his parents in the Dayton area. He liked life on the tobacco farm his grandfather had bought after retiring early from General Motors Co. in Dayton. And his grandmother, who became a widow when her husband died in a tractor accident, welcomed the companionship. After high school, Arnett joined the U.S. Marine Corps, in 1999. His unit, the 1st Battalion, 7th Marines—the storied Suicide Charley—took him to the other side of…

2 min
in brief

● The Democratic Republic of Congo rushed to fight an Ebola outbreak, using an experimental vaccine from Merck. Development of the treatment was spurred by the outbreak that killed more than 11,300 people across West Africa beginning in 2014. ● Venezuela’s neighbors refused to recognize the result of its presidential election, in which fewer than half of voters cast ballots. Incumbent Nicolás Maduro declared victory. ● The U.S. House approved a sweeping bipartisan bill to roll back regulations on small and midsize banks levied after the 2008 financial crisis. The Senate had passed the legislation in March. ● Stacey Cunningham was named president of the New York Stock Exchange. Cunningham is the first woman to lead the organization in its 226-year history. Two of the three major U.S. exchanges are now led by women:…

3 min
katie rodan and kathy fields

After 35 years as business partners, dermatologists Katie Rodan and Kathy Fields still do everything together—including interviews. “Last week a woman recognized me,” Fields says. “She said, ‘You’re Katie Rodan!’ I said, ‘Close!’” They’ve reached street-level celebrity thanks to their smash-hit skin-care line, Proactiv, which sells about $1 billion in products a year through mall kiosks and infomercials featuring the likes of Katy Perry and Justin Timberlake. Their latest line of treatments, Rodan + Fields, hit $1.5 billion in sales in 2017—largely through consultants who sell to their friends and contacts, like social-media-era Mary Kay ladies. Friends from medical school, they came together in the late 1980s over a shared frustration from their private practices: Available acne treatments were typically useful only after pimples appeared. Rodan and Fields formed a partnership and…