💊 A low-cost anti-inflammatory drug is the first treatment shown to improve survival in patients with Covid-19, according to University of Oxford researchers: https://bloom.bg/2zBA75q

😷 An increasing number of people in Texas and Florida are being admitted to the hospital after the states lifted lockdowns: https://bloom.bg/3fvYxMW

💰 Fed Chair Jerome Powell just offered another restrained assessment of positive economic news, again emphasizing the economy has a long way to go: https://bloom.bg/2MZFv5A

Hello, here's what we're following:

🌎 Where does your country rank in the world’s most competitive economies? The U.S. fell seven spots to No. 10 this year. https://bloom.bg/3fxh8Z0

🇳🇿 New Zealand Prime Minister Jacinda Ardern called in the military to enforce border controls
after two women who arrived from the U.K. were allowed to leave quarantine early and then tested positive for coronavirus. https://bloom.bg/3hzcQ5b

🎓 And these are the top business schools that might best prepare grads for a Covid-19 world — that is, ones that students and alumni say excel in creativity and innovation. https://bloom.bg/2Bjd3J2

🇨🇳 Beijing reported 31 new coronavirus cases Wednesday, taking the total in a growing outbreak to 137. Schools are closed and more than 1,200 flights were canceled as authorities grapple with stemming the outbreak. https://bloom.bg/3d9GL0z

😷 Sweden has made less progress than expected in achieving immunity to the coronavirus, according to its state epidemiologist. https://bloom.bg/2CdcrFr

🏦 HSBC restarted cutting as many as 35,000 jobs, three months after the coronavirus outbreak forced it to pause a long-awaited overhaul to boost profitability. https://bloom.bg/30PiwST

🥞 PepsiCo plans to change the name of its 131-year-old Aunt Jemima brand, acknowledging it is rooted in racial stereotypes:
https://trib.al/8Fn6PSn

😷 Lowndes, a small county in Alabama, now has an infection rate that rivals the most infected zip code in New York City at its pandemic peak: 
https://trib.al/Mrgyibl

🐝 Millions of bees have mysteriously died in Croatia. Authorities are investigating why:
https://trib.al/zsDfYua

What did Donald Trump want from Xi Jinping?

According to an excerpt from a new book by former U.S. National Security Adviser John Bolton, Trump asked China’s leader to help him win re-election by buying more U.S. farm products. https://bloom.bg/3efczCv

It’s part of a devastating portrayal of Trump’s conduct of foreign policy by Bolton, the most senior White House official so far to publish an account of his experience.

The Trump administration responded by seeking an emergency restraining order to stop the publication of Bolton’s tell-all. https://bloom.bg/2AL8pnr

💉 Volunteers are lining up to be infected with the coronavirus in order to test a potential vaccine. https://bloom.bg/3fE8ckW

😷 Prisons across Europe, led by Turkey, released more than 122,000 inmates during the initial weeks of the Covid-19 outbreak to try to slow the spread of the coronavirus. https://bloom.bg/315WdZp

🚨 Payments company Wirecard delayed the publication of its annual financial results for the fourth time after auditors were unable to find $2.1 billion in cash. The shares collapsed. https://bloom.bg/2BidCTK

🌍 Introducing Bloomberg CityLab. Discover how cities work, the challenges they face, and the solutions they need: https://bloom.bg/2YIcJvE

🚗 A snapshot of transportation patterns around the world during the first six months of the coronavirus points to divergent future paths for cities: https://bloom.bg/3fzcbz1

🌄 Through the creation of homemade maps, readers share perspectives and stories from a world transformed by the coronavirus pandemic: https://bloom.bg/3eh5bXa

🇺🇸🇨🇳 Donald Trump says the U.S. could pursue a “complete decoupling from China” in response to unspecified conditions, his most forceful statement yet on the souring ties with Beijing. https://bloom.bg/2YfxfVC

💰 Australians are out of lockdown and spending like never before. Monthly sales hit a record in May, with gains in every industry. https://bloom.bg/2UYjI2o

😷 We will be living with the coronavirus pandemic well into 2021, experts believe. It's time to reset our expectations and change our behavior. https://bloom.bg/37OaOd5

📉 Wirecard's CEO Markus Braun resigned after the German payments company disclosed $2.1 billion of missing cash. https://bloom.bg/2YQilE7

😷 South Asian Covid-19 patients are more likely to die in U.K. hospitals than patients from other ethnic groups, a large-scale study found. https://bloom.bg/3fzqVha

📖 Donald Trump's Justice Department is heading to court Friday in a last-ditch attempt to block the publication of Former National Security Advisor John Bolton's pending memoir. https://bloom.bg/2Yi9k7X

🦠Apple is temporarily shutting some of its U.S. retail stores again after cases of Covid-19 spiked in some areas across the country. The closures will impact 11 stores across Florida, Arizona, North Carolina and South Carolina: https://bloom.bg/37LXRjO

🐶These dog breeds are more likely to suffer because of climate change: https://bloom.bg/2zMrl4N

💇‍♂How does America really feel about everything happening right now? We went to the barbershop for answers: https://bloom.bg/2CgI4Om

🇭🇰 The smothering of Hong Kong is making the city’s pro-democracy camp prepare for jail time.

Over the weekend, China confirmed that a proposed national security law would allow Beijing to override Hong Kong’s independent legal system. Authorities would have the right to directly prosecute Hong Kong residents for vaguely defined offenses. https://bloom.bg/3dqnVCq

Activists say similar legislation in the mainland, which is used to jail journalists, human-rights lawyers, religious leaders and dissidents, suggests they'll face the same threat.

China had already begun encroaching on Hong Kong’s autonomy in recent years, but this new law could widely expand the scope of speech deemed illegal. https://bloom.bg/3152MeI

China’s refusal to acknowledge Hong Kong’s sense of separateness has led to a crisis that threatens to ruin the former British colony as a financial hub, writes Michael Schuman for Bloomberg Opinion. https://bloom.bg/2NhH8LZ

💰 Wirecard is fighting for survival after acknowledging that $2.1 billion that it had reported as assets probably doesn't exist, deepening an accounting scandal that has rattled Germany's financial industry. https://bloom.bg/3hSMiMo

🇩🇪 Germany's top financial regulator said he accepts criticism of how his institution handled allegations of accounting irregularities. "It's a complete disaster we’re looking at," said Felix Hufeld, head of Bafin. https://bloom.bg/3doat1R

📉 The payment company's shares tumbled as much as 50% in early trading, extending last week's plunge. Here's what analysts had to say about the company. https://bloom.bg/2Yl4UNy

🌇 As cities emerge from coronavirus lockdowns, the way people use parks, stores, restaurants, transit, streets and homes is changing in ways both subtle and dramatic. The latest from CityLab: https://bloom.bg/3dnXpK1

💧Of all the essentials, water is the most precious during the pandemic. Cleanliness is more than ever a matter of life or death with Covid-19 infections on the rise in Venezuela: https://bloom.bg/37PsYeq

📺 Stay-at-home stock picks, like Netflix, Peloton and Zoom, are soaring again as investors weigh the second wave of coronavirus: https://bloom.bg/37PsHIq

Hello 👋 Here's what we're following:

🇺🇸🇨🇳 U.S. President Donald Trump said the trade deal with China is "fully intact," after his adviser Peter Navarro caused confusion and spurred a temporary stock slump with comments interpreted as a decision to end the agreement. https://bloom.bg/2BzeROd

🦠 The coronavirus resurgence in Beijing shows Covid-19’s insidious ability to hide — and the difficulty of eradicating it without an effective vaccine. https://bloom.bg/2Z0cmN5

📱 And Apple said it will start letting developers challenge App Store policies and won’t delay app updates over rule violations, possibly easing tensions with creators. https://bloom.bg/2B3qltF

🚔 Wirecard's former CEO was arrested after $2.1 billion went missing from the digital-payment company. https://bloom.bg/3duUQ8W

🚨 Saudi Arabia came under a missile and drone attack from Iran-backed Yemen rebels that targeted the capital and other cities. https://bloom.bg/3euY6me

🇮🇹 Italy's newest political party wants the country to leave the EU. https://bloom.bg/2YZI8tD

🇨🇳 🇺🇸 Don’t tell Trump, but China is winning. The U.S. has thousands of new Covid-19 cases a day. Meanwhile, China’s reported daily case count is down to double digits: https://trib.al/eTq23rH

😷 The most impactful coronavirus designs are coming from mostly nonprofessionals. These design hacks represent the messy in-between of dealing with a crisis in real time: https://trib.al/kNFOx5s

🌳 Planting millions of trees isn’t really the solution to stop climate change. Chile’s $408 million subsidy program reduced native forests and made little difference to carbon capture: https://trib.al/oP4V4eF

💰 A fight over a family’s $11.2 billion fortune centers on a letter signed by four brothers. Now one of them, along with his daughter, wants it declared worthless. https://bloom.bg/2Nm1EeB

📈 New coronavirus cases are surging across the U.S., causing state and city officials to consider slowing down or reversing reopening plans. California reported its biggest daily jump on Tuesday. https://bloom.bg/2Z0xFOJ

🏡 Still working from home? Here are some apps to help you stay focused: https://bloom.bg/31hA4ae

🇺🇸 The U.S. is weighing new tariffs on $3.1 billion of exports from France, Germany, Spain and the U.K. https://bloom.bg/3hZBNqE

🚫 The EU may decide to keep the door shut to Americans as the bloc eases controls on its external borders. https://bloom.bg/3hTko30

🇬🇧 The City of London has a slavery problem. https://bloom.bg/2zZtryl

🎆 U.S. cities report a surge in illegal fireworks complaints. So what’s behind the boom? https://bloom.bg/3dtF26n

🦠 The worst-case-scenario for the pandemic is unfolding in Brazil: https://bloom.bg/2Yseiz0

💵 Black business owners say they’ve been buoyed by the “Buy Black” movement, but need capital and financial advising to keep the momentum going: https://bloom.bg/2VfVlNY

📈 Australia records its largest spike in Covid-19 cases since April, as signs of a worsening U.S. outbreak rattle global markets. https://bloom.bg/3ewtCjN

✈ Chinese fighter jets have stepped up incursions off Taiwan. With U.S.-China tensions rising on several fronts, the island is still one of the main areas that could spark conflict. https://bloom.bg/2Z7WhF3

❗And brands in Asia built on racist stereotypes are finally being held to account. https://bloom.bg/2VgaoHA