💉 The Trump administration is quietly organizing a program called “Operation Warp Speed,” with a goal of making enough coronavirus vaccine doses for most Americans by the end of the year. Taxpayers would shoulder much of the financial risk instead of drug companies. https://bloom.bg/2yUjhhC

🚗 Elon Musk went on a profane rant during a Tesla earnings call on Wednesday, calling stay-at-home orders “fascist.” He’s worried that the pause in production at its only U.S. assembly plant will put the company’s red-hot run at risk. https://bloom.bg/3bP8La1

🇨🇳 And as hospitals search for medical ventilators to help treat Covid-19 patients, scams are popping up across China. Even though the country produces only a fifth of the world’s supply of ventilators, it’s the only major economy so far to come close to resuming normal manufacturing. https://bloom.bg/2Wc7IKv

😷 A third of patients in U.K. hospitals with Covid-19 died from the disease, according to a new study. https://bloom.bg/2ygkJuu

📉 The euro-area economy plunged into a record contraction, adding more urgency to controversial demands for joint government fiscal support. https://bloom.bg/2VPnNqz

💊 AstraZeneca agreed to make an experimental coronavirus vaccine developed by Oxford University researchers as the race heats up for the key to halting the pandemic. https://bloom.bg/3bS19U6

📈 Millions more Americans filed for unemployment benefits last week, sending the six-week total above 30 million since the coronavirus pandemic began to shutter businesses: https://bloom.bg/3eZHYd3

😷 Children with the new coronavirus may be as infectious as adults, according to a study from Germany that recommends caution against an unlimited reopening of schools and kindergartens: https://bloom.bg/2Wf2QnM

🇺🇸 Presumptive Democratic presidential nominee Joe Biden has tapped four allies to lead a committee to advise him on his vice-presidential selection: https://bloom.bg/35jg7zT

✈ Australia and New Zealand — both ahead of many countries on the pandemic curve — are considering resuming international travel with each other once the virus is contained. https://bloom.bg/2z2UM1u

💰 Iran is hauling gold bars from Venezuela's almost-empty vaults. The South American nation is out of cash and desperate for help in propping up its oil industry. https://bloom.bg/2ygYuEL

📺 And TikTok is exploring a new frontier: traditional TV. The popular app wants to broaden its appeal and showcase different ways of using its videos. https://bloom.bg/3bUvvp0

📆 The coronavirus pandemic is likely to last two years and won't be controlled until about two-thirds of the world's population is immune, experts warned. https://bloom.bg/2WdCDGt

💉 One of the leaders among companies developing experimental vaccines against the coronavirus signed a deal to manufacture 1 billion doses a year. https://bloom.bg/2KOAsUn

📉 The pandemic's long-term pain is just becoming clear to markets. https://bloom.bg/2Yn5E57

🏫 Reopening classrooms in America may be easier said than done, no matter how hard politicians try to make it happen in order to liberate parents for the work force https://bloom.bg/2Sq9GWO

💵 U.S. undergraduates have sued more than 50 universities, demanding billions in partial tuition, room-and-board and fee refunds after campuses shut down: https://bloom.bg/2xpYwtD

🚫 Presumptive Democratic presidential nominee Joe Biden has denied a sexual assault allegation made by former Senate staffer Tara Reade, saying "this never happened": https://bloom.bg/2W9J7py

Hello, here's what we're reading today:

🇺🇸 🇨🇳 U.S. Secretary of State Mike Pompeo said “enormous evidence” shows the coronavirus outbreak began in a Wuhan lab, but didn’t provide any proof for his claims. President Trump is promising a “conclusive” report from the U.S. government on the origins of the outbreak. https://bloom.bg/3dcl0NV

💵 Warren Buffett struck some of his famous deals — taking lucrative stakes in Goldman Sachs and General Electric — by swooping in when others panicked during the last financial crisis. He’s treading more carefully this time around with pandemic-related shutdowns. https://bloom.bg/2ydlJzP

💰 And the world’s priciest property market has lost its most important source of inbound investment: mainland Chinese buyers. https://bloom.bg/3fghwMs

📈 Europe took its first steps toward getting back to business, with restrictions loosening across the continent as the spread of the coronavirus slows. https://bloom.bg/35sMook

🇺🇸 Donald Trump forecast as many as 100,000 U.S. deaths from the coronavirus, accused Beijing of attempting a cover up and promised a conclusive report on the pandemic's origins. https://bloom.bg/2yhWNHs

💰 Ultra-rich families with money to spend are boosting private debt and credit holdings to avoid the volatility of stock markets. https://bloom.bg/35rcEzw

📉 The negative start to May in markets raises concern that the partial recovery in April is going to be about as good as it gets: https://bloom.bg/2yqiGEo

😷 Donald Trump promised a “conclusive” report on the Chinese origins of the coronavirus outbreak after Secretary of State Michael Pompeo said there was “enormous” evidence the virus began in a laboratory in Wuhan: https://bloom.bg/3fkkMq7

🚢 Carnival Cruise Line plans to resume sailing on Aug. 1, potentially ending the pause in operations that began after coronavirus outbreaks on several ships: https://bloom.bg/35sRSQ5

🦠 Scientists created an antibody that can defeat the new coronavirus in the lab, an early but promising step in efforts to find treatments and curb the pandemic’s spread. https://bloom.bg/3fkzo8Y

🌎 Goldman and Morgan Stanley said there are signs the global economy is starting to recover from the coronavirus and the restrictions placed on businesses and consumers. But as countries ease those measures, there’s a threat of a potential second wave that could further disrupt things. https://bloom.bg/2Wuvbqi

✈️ And if you were waiting to take the world’s longest flight, you’ll have to wait a little longer. Qantas’s plan to start 20-hour commercial flights halfway around the world is on hold because of the coronavirus. https://bloom.bg/3bb26G5

🌍 As the global death toll from the coronavirus pandemic exceeds 250,000, two tiny nations stand out with the lowest fatality rates. https://bloom.bg/3ddB3uQ

🚘 Hertz is preparing to file for bankruptcy if the company fails to rework its debt, after being hammered by travel restrictions due to the coronavirus outbreak. https://bloom.bg/2W5ATjC

💶 German judges gave the ECB three months to fix its quantitative easing program. https://bloom.bg/3doOKaJ

🍽 One of the world’s best restaurants may not reopen because of coronavirus: https://bloom.bg/2WxWtfP

📉The U.S. recession is already underway. But how long will the recovery take? Our new dashboard tracks the indicators to watch: https://bloom.bg/2W4zgm7

🦠After four antibody tests, one Businessweek contributor says she still isn’t sure if she had Covid-19: https://bloom.bg/2Wnao84

🇭🇰Hong Kong is collecting travelers' saliva to fight the spread of coronavirus. But privacy experts are concerned about what happens to that biodata once the crisis is over. https://bloom.bg/3cbV990

💰 Billionaire Elon Musk just unlocked a $706 million award from Tesla—part of a series of performance goals he must meet to collect a moonshot pay packet. His complete compensation package is the largest corporate pay deal ever struck. https://bloom.bg/35y1pFx

🎯 And finally, the world is engaged in multi-trillion-dollar efforts, including the biggest bailouts yet, to stop recession turning into depression. That could mean that markets will never be the same again. https://bloom.bg/3c94vlP

🇺🇸 Donald Trump said Americans should begin returning to their everyday lives even if it leads to more sickness and death from the coronavirus pandemic. https://bloom.bg/3fpsuiM

📉 The EU is facing the deepest economic downturn in its history, which threatens the very future of the euro if the crisis is badly handled, the bloc's executive arm warned. https://bloom.bg/3dqaIK7

💶 European governments that deployed tens of billions to prevent a jobs crisis now face the challenge of turning off the tap on what's become one of the biggest welfare experiments in history. https://bloom.bg/3dmHcFf

😷 Most U.S. states have not been able to meet all of the White House Coronavirus Task Force recommendations for phased reopening: https://bloom.bg/3dkrP02

💵 The U.S. Internal Revenue Service said individuals who got a $1,200 stimulus payment intended for someone who’s deceased or incarcerated should return the money but left open the question of how the agency would enforce that: https://bloom.bg/2yoYhje

🚢 Carnival Corporation has been one of the companies hardest hit by the coronavirus, with more than 1,500 confirmed cases from its cruises and dozens dead. This is the story of Carnival’s Covid-19 nightmare: https://bloom.bg/2SH4P3v

The world’s largest work-from-home experiment will have reverberations long after the coronavirus pandemic is over. Here are just a few ways:

🏦 Working from home may become more permanent for some JPMorgan employees. A portion of the biggest U.S. bank’s staff could be asked to continue doing so even after things calm down. https://bloom.bg/3fqechG

🏡 Fund managers in Singapore may start hiring stay-at-home workers, opening up a previously untapped pool of talent. https://bloom.bg/3dnAKOb

🌡 Even if your employer is talking about returning to the office, the place you left won’t be the one you go back to. Get ready for temperature checks and plexiglass walls. https://bloom.bg/2Wb4Mzd

🇨🇳🇺🇸 Top Chinese and U.S. trade negotiators will speak as soon as next week on progress in implementing a phase-one deal after Donald Trump threatened to "terminate" the agreement. https://bloom.bg/2xGsWba

💰 Europe's richest man has lost $30 billion due to the coronavirus pandemic. https://bloom.bg/3cf16lp

🏡 U.K. house prices may fall 16% because of the economic upheaval caused by the coronavirus, the Bank of England warned. https://bloom.bg/3frcnRC

↗️ The number of Americans filing for unemployment benefits topped 3 million for a seventh straight week: https://bloom.bg/3bdnTwG

🥩With thousands of workers sick from coronavirus, U.S. meat plants are closing and the food supply is faltering: https://bloom.bg/2L9seX3

😷 How the pandemic jobs bust hurts some more than others: https://bloom.bg/2WdA3Bx

Hello 👋 Here's what we're reading:

🇹🇼 Taiwan has one of the most successful virus-containment strategies in the world. Here’s how it got a head start testing and quarantining travelers: https://bloom.bg/2WeGX9w

💰 Billionaire Paul Tudor Jones is buying Bitcoin as a hedge against the inflation he sees coming. He’s one of the first big hedge fund managers to embrace what until now has largely been snubbed by mainstream advocates. https://bloom.bg/3duP2wL

🚽 What can your toilet tell us about the coronavirus? Watch how one startup has been gathering and analyzing wastewater (a.k.a. toilet flushes) from around the U.S. https://bloom.bg/35DVY82

😷 Covid-19 comes from bats and can spread among cats and ferrets, but more research is needed into the suspected animal link to the disease, a WHO scientist said. https://bloom.bg/2WdS969

🌍 Coronavirus may have cleared skies and halted cities but it isn't slowing global warming. https://bloom.bg/2zoshMg

➗ Wall Street's biggest firms are divided on where markets are heading to next. https://bloom.bg/3fv7maC