ZINIO logo
EXPLOREMY LIBRARY
Bloomberg Businessweek-Asia Edition

Bloomberg Businessweek-Asia Edition December 14, 2020

Add to favorites

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.

Read More
Country:
China
Language:
English
Publisher:
Bloomberg Finance LP
Frequency:
Weekly
BUY ISSUE
₹579.64
SUBSCRIBE
₹2,100
50 Issues

in this issue

2 min.
in brief

Global coronavirus cases exceeded 68.6 million, and almost 1.6m people have died. On Dec. 8, the U.K. began giving the Pfizer-BioNTech vaccine to vulnerable citizens, the first Western country to do so. Other countries are struggling to contain the virus, with Germany admitting its light lockdown hasn’t worked. 20 The U.S. Federal Trade Commission and state attorneys general filed antitrust complaints against Facebook on Dec. 9, alleging conduct that thwarted competition to protect its monopoly. The FTC lawsuit seeks a court order unwinding Facebook’s acquisitions of Instagram and WhatsApp. 24 Bob Dylan agreed to sell his entire song catalog—six decades of work, including such classics as Blowin’ in the Wind and The Times They Are a-Changin’—to Universal Music Group. Universal didn’t disclose a price, but people familiar with the terms say the…

3 min.
friends of the u.s. ought to help biden succeed

For the U.S.’s friends around the world, the election of Joe Biden comes as a relief. It should also be a call to action. Washington’s once and future partners are right to celebrate. Biden’s national security team is competent and anchored by committed multilateralists. The president-elect has promised to revitalize alliances and lead coalitions to confront challenges such as climate change and the rise of China. After Trump’s unremitting barrage of slights, insults, blackmail, and threats, U.S. allies can expect a friendlier reception and steadier leadership from a Biden White House. At the same time, the U.S. stands weakened by the pandemic and political divisions. Biden will be harried by Republican opposition in the Senate and distracted by the coronavirus and other pressing domestic issues. The past four years have emboldened illiberal…

1 min.
a hot mess

The Federal Reserve sets interest rates on Dec. 16. After this month’s soft jobs report, calls have grown louder for more monetary relief, perhaps through the Fed’s bond-buying plan. Steve Bannon and three others appear in a New York federal court on Dec. 17 on charges they took money from a private effort to build the Mexico border wall. He’s pleaded not guilty. The U.S. Food and Drug Administration’s vaccine advisory group meets on Dec. 17 to review Moderna’s coronavirus shot. Approval may follow within a few days. On Dec. 15 the International Energy Agency publishes its monthly Oil Market Report, a closely watched analysis of global demand for crude. Amazon.com plans a Dec. 14 reveal of the self-driving delivery vehicle it’s developed with Zoox, a business the online retailer bought for $1.2 billion…

9 min.
untangling child care in america

It didn’t seem possible that the U.S. child-care crisis could get much worse. Then came the pandemic, and parents were thrust into full-time caregiving roles for months on end. Beyond being stressful and exhausting, that reality has forced millions of parents, mostly mothers, to make tough decisions about how much to work, if at all. Even C. Nicole Mason, who’s spent decades researching economic policies that benefit women, gained a new appreciation for the value of having some help watching her kids. Mason is president and chief executive officer of the Institute for Women’s Policy Research in Washington and a single mom with twin sixth graders. When the school year started in the fall, Mason and her children began their days by logging onto their laptops. It was a reassuring routine,…

7 min.
the window is closing on vaccine makers

As the world fell victim to the coronavirus pandemic early this year, the field seemed wide open for the scores of pharmaceutical companies and universities that rushed to develop vaccines to curb Covid-19. But now that Pfizer Inc. and its partner BioNTech SE are rolling out a coronavirus shot, with rival Moderna Inc. not far behind, dozens of drug-makers further back in the development pack are suddenly facing a sobering possibility: The window to develop a successful vaccine before the field becomes crowded could be closing. That may leave some laggards unable to easily enroll enough volunteers in the trials needed to win regulatory authorization. In fact, drugmakers that are too many months behind might find themselves locked out of the vast U.S. market, which also is usually the most…

4 min.
can nike’s anti-racism ads just do it in japan?

Two years ago, Nike Inc. put politics at the center of its U.S. marketing strategy, embracing Black activist and former NFL quarterback Colin Kaepernick as the face of its 30th anniversary “Just Do It” campaign. Now it’s testing a new market for its anti-racism message: Japan. Nike Japan’s latest ad, released in late November, features three young women, including one who’s biracial and one who’s ethnically Korean, who grapple with racism and bullying but find refuge and joy in their excellence on the soccer field. The company said the ad was inspired by accounts from real athletes in Japan. The spot—using the hashtag #YouCantStopUscaught fire online in the country, where racism and discrimination aren’t common topics of public discourse. The government census doesn’t collect data on race or ethnicity, though there are…