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Bloomberg Businessweek-Asia Edition

Bloomberg Businessweek-Asia Edition May 31, 2021

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
cathie wood’s etfs

ARKK ARK Innovation Focuses on “disruptive innovation,” businesses with technologies that could change how the world works ARKG Genomic Revolution Companies involved in Crispr, gene editing, therapeutics, agricultural biology, and health-care innovation ARKW Next Generation Internet Provides exposure to artificial intelligence, Big Data, cloud computing, cybersecurity, and blockchain technology ARKF Fintech Innovation Focuses on mobile payments, digital wallets, blockchain technology, and other fintech advances ARKQ Autonomous Technology & Robotics Includes companies involved in autonomous vehicles, energy storage, and robotics ARKX Space Exploration & Innovation Enterprises that help enable space exploration, as well as those that benefit from aerospace activities PRNT 3D Printing The stocks of companies around the world that are involved in the 3D-printing industry IZRL Israel Innovative Technology Tracks Israeli companies dedicated to disruptive innovation in genomics, health care, biotechnology, the Internet, or information technology…

3 min
i’m leaving on a space plane

Traveling in a space plane is a lot like traveling in a regular plane, except for the middle part. After reaching cruising altitude, the pilot hits the rocket boosters and blasts the aircraft to the edge of space at more than 9,000 mph, or about 12 times the speed of sound. The plane travels at that speed for about 15 minutes, then glides against the atmosphere to slow itself down, cruising back to Earth to land at a conventional airport. Venus Aerospace Corp., a startup pursuing a hypersonic space plane, is aiming to use this technique to ferry people from Los Angeles to Tokyo in about an hour. The company was started by two former Virgin Orbit LLC employees: Sarah “Sassie” Duggleby, a code-writing launch engineer, and her husband, Andrew, who managed…

5 min
india’s covid orphans

In early May, Mumbai resident Akancha Srivastava noticed something unusual. Her social media handles and the chatbot on the website of the nonprofit she runs were swamped with anguished appeals to help children orphaned by India’s ferocious second wave of Covid-19, which has claimed more than 150,000 lives just in the past two months. Veering from her usual work of promoting cybersafety, the thirtysomething engineer assembled a team of eight and set up a WhatsApp Covid helpline for children in distress. Within hours after the number went live on May 3, Bollywood stars, TV personalities, and police chiefs shared it on social media. Panicked messages began flooding in from Delhi, Mumbai, and distant small towns. “People were asking us to rescue orphaned children, alerting us about illegal adoption rackets and child…

5 min
employers are the new covid cops

During much of the pandemic, the restrictions placed on Americans have been handed down by governors or county health departments. But for millions of employees returning to the office after a long stretch of work-from-home, one of the biggest changes will be getting most of their pandemic orders from a new Covid-19 czar: their employer. The decision by the U.S. Centers for Disease Control and Prevention to relax masking and social distancing guidelines for vaccinated Americans has compelled employers to quickly determine how to apply them in their workplaces. The results have been anything but consistent. As of May 25, JPMorgan Chase, Southwest Airlines, and Walmart are telling vaccinated U.S. office workers they can drop the masks. Other large companies, such as Citigroup Inc., are keeping the requirement. Meanwhile, M&T Bank…

4 min
cuba bets big on its own vaccines

Cuba is taking a high-risk gamble that it can solve a worsening Covid-19 crisis on its own, with vaccines made by local labs. The communist nation is inoculating hundreds of thousands of people with the shots even as they’re still being tested. Unlike almost every other nation in the Americas, Cuba hasn’t reached out to the global Covax program to seek vaccines being used elsewhere. The Cuban strategy centers on Soberana 02 and Abdala, made by the Finlay Institute of Vaccines and the Genetic Engineering and Biotechnology Center of Cuba (CIGB), respectively. Both drugs are in Phase III clinical trials, and more than 415,000 doses have been administered during the testing process, using a three-dose regimen. The government says that, based on preliminary results, it’s forging ahead with inoculating front-line workers…

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…