Hello 👋 Here's what we're following right now:

🇺🇸🇭🇰 President Trump ended Hong Kong’s special status with the U.S. as part of a punishment for China’s crackdown on political dissent in the city. But the U.S. didn’t specify how the executive order would affect Hong Kong’s booming financial industry. https://bloom.bg/2AYkaXG

📱 Two weeks after India banned TikTok, its rival Roposo is booming there. The short-video app is peaking at 500,000 new users an hour and expects to have 100 million by the end of July. https://bloom.bg/2Onp2sD

🏦 Chinese bankers are considering leaving Hong Kong, shocked by a 45% tax rate imposed by Beijing on citizens living outside the mainland. https://bloom.bg/2WlY354

😷 Moderna's Covid-19 vaccine produced antibodies to the coronavirus in all patients tested in an initial safety trial, clearing an important milestone as the U.S. continues to grapple with a surge in new infections. https://bloom.bg/30ciBhl

💉 Meanwhile, the University of Oxford's Covid-19 vaccine might be through human trials in September, and AstraZeneca has lined up agreements to produce 2 billion doses. https://bloom.bg/2Ot17I4

🔴Trump has indicated that he doesn’t want to further escalate tensions with China, and has ruled out additional sanctions on top officials for now: https://bloom.bg/2ZBbpMZ

🍿Netflix is rewriting the script of the summer blockbuster: https://bloom.bg/3eubXbr

👀Bill Gates, Elon Musk, Jeff Bezos, Barack Obama, Joe Biden and others were among the high-profile accounts that were apparently hacked on Twitter: https://bloom.bg/30gQXjk

China is no longer simply “rising.” And it knows it. 🇨🇳

Under President Xi Jinping, the country’s leadership believes China can forcefully assert its agenda both at home and abroad because it’s reached the point where it can withstand any penalties that come its way.

Western policies have largely failed to shape, slow or stop its growth. Just look at the past month: Beijing imposed a sweeping national security law on Hong Kong despite global outrage and engaged in a deadly military skirmish on the border with India.

Countries are increasingly realizing they need to rethink how they deal with China. Keep reading: https://bloom.bg/2Woeqhj

Pressure is growing on AstraZeneca to deliver positive results from early tests evaluating the coronavirus vaccine it's developing with University of Oxford researchers. https://bloom.bg/2OuHSxZ

President Xi Jinping pledged to provide a better business environment for foreign firms as the Trump administration pushes for U.S. and other foreign companies to move their supply chains out of China. https://bloom.bg/2B9AuVO

Fahim Saleh, the 33 year-old founder and CEO of startup Gokada, was found dead on Tuesday afternoon at his New York apartment. https://bloom.bg/3h69i9D

The U.K. accused Russia of trying to steal Covid-19 vaccine research:
https://trib.al/2FTg3I3 

Asheville, North Carolina, has voted to approve reparations for the Black community to make amends for the city’s role in slavery and racial inequality:
https://trib.al/nctBN0g 

Florida has found that about a third of all children tested there are infected:
https://trib.al/o4mKDch

💉 Anthony Fauci is optimistic that a new Covid treatment will be available by the fall. The top U.S. infectious disease expert told Mark Zuckerberg that he expects results by then for a clinical trial on monoclonal antibodies, which are lab-produced proteins he describes as “precise bullets.” https://bloom.bg/2CcXeVs

During that conversation between Fauci and Zuckerberg, the Facebook CEO said he was “disappointed” in the government’s response to the virus. https://bloom.bg/394S2yI

📉 And China’s attack on its biggest stock wiped out a record $25 billion of value. Chinese state media took aim at the liquor group Kweichow Moutai for its high prices, saying its alcohol was often used in corruption cases. https://bloom.bg/3eB9r3a

🚨 A Ryanair flight that received a bomb threat mid-air was evacuated after landing safely in Oslo on Friday. https://bloom.bg/3jnhh4e

✈ British Airways is retiring its entire fleet of Boeing 747s with immediate effect because of the damage the coronavirus has done to air travel. https://bloom.bg/2CbDnWH

🇩🇪 German Finance Minister Olaf Scholz was aware of potential market manipulation at Wirecard in February 2019, almost a year and a half before the company collapsed. https://bloom.bg/3fQmtvn

🚀 China is getting ready for its first mission to Mars: 
https://trib.al/prYDspd 

💰 Ghislaine Maxwell has always enjoyed proximity to wealth. But how much money she has herself is a mystery:
https://trib.al/9sClApu

💉 Fear and glory are driving the global vaccine hunt: https://trib.al/jaXxqhn

Hello 👋 Here's what we're following:

🇯🇵 Japan will pay some companies a total of at least $536 million to move their factories out of China and back home or to Southeast Asia. It's part of a new program to reduce dependence on Chinese manufacturing. https://bloom.bg/3fOUYlG

📈 Think Tesla’s rally is impressive? A glove maker has seen its stock surge more than 1,000% this year following a boom in demand sparked by the pandemic. https://bloom.bg/3hhI0Nw

🌎 And most of the world may face Covid without a vaccine. "There will be another wave, and it will be very serious,” former WHO virologist Klaus Stohr says. Read more from our interview with him: https://bloom.bg/3fJnTHX

💶 The four EU governments that have been holding up negotiations over a massive stimulus package to reboot the bloc's economy are ready to agree on a key plank of the deal. https://bloom.bg/3hmAwsz

📈 Shares of Synairgen, a tiny pharmaceutical firm born out of a U.K. university, soared as much as 373% after the company said its experimental drug cut the risk of developing the worst symptoms of Covid-19. https://bloom.bg/2WCKazI

💉 Meanwhile, scores of members of Russia's business and political elite have been given early access to an experimental vaccine against Covid-19. https://bloom.bg/32NMSpZ

😷A coronavirus vaccine the University of Oxford is developing with AstraZeneca shows promising results in early human testing: https://bloom.bg/30xDC6f

✈️The days of businesses shelling out hundreds on last-minute airfare are over. That’s bad news for airlines: https://bloom.bg/2CuU2EE

🏈NFL players are reporting to camp, despite unresolved protocols and safety measures around the coronavirus pandemic: https://bloom.bg/3jmZdXU

Here’s the latest in coronavirus news:

🇭🇰 Hong Kong is facing its worst outbreak, and it’s woefully unprepared for the surge. The city seemed to dodge the virus until July, with daily local infections never surpassing 28, and that has left its defenses low. https://bloom.bg/3hnCIjw

💉 Two doses of a coronavirus vaccine may be more effective than one. But doubling the number of jabs per person raises a new challenge. https://bloom.bg/30p069u

🇮🇩 Cultural norms in different parts of Indonesia have wreaked havoc with the government’s attempts to curb infections. Stealing the corpses of people who died from the virus is just one example. https://bloom.bg/39mADSs

🇬🇧 British intelligence services must conduct a full review of the 2016 Brexit referendum to see whether hostile Russian action swayed the vote after the government failed to investigate, a panel of lawmakers said. https://bloom.bg/3fR7dyi

💶 The inside story of how Europe landed its $860 billion stimulus plan. https://bloom.bg/2OKHdIU

💰 Jeff Bezos added $13 billion to his net worth on Monday, the largest single-day jump for an individual since the Bloomberg Billionaires Index was created in 2012. https://bloom.bg/2WCAo0g

👀 The U.S. accused two hackers of working for the Chinese government to steal coronavirus research from companies in 11 nations:  https://trib.al/kN8kwHq 

🗣 More than 40 current and former Ubisoft employees spoke with us about sexual misconduct and abuse allegations. They say the company mishandled them for years: https://trib.al/VgwLYJm 

🌱 The world’s worst air isn’t in Beijing or New Delhi, it’s instead in a tiny town in Chile: https://trib.al/Q5kmeL6

A pair of college friends from China are among the most prolific hackers ever, the U.S. says. 🇨🇳

The Justice Department accused Li Xiaoyu and Dong Jiazhi of hacking coronavirus research, military secrets and information on dissidents. The former classmates, who studied computer technologies, stole secrets worth hundreds of millions of dollars over the course of more than 10 years, according to an indictment unsealed this week.

Senior officials said this shows how China used criminal hackers to do some of its dirtiest work. The smoking-gun link appears to be special software provided by a state handler.

Keep reading: https://bloom.bg/2WJWJcf

🇨🇳 China vowed retaliation after the U.S. forced the closure of its Houston consulate, in one of the biggest blows to diplomatic ties between the two countries in decades. https://bloom.bg/32HTsOw

🇺🇸 The Trump administration deployed agents with tactical gear to confront protesters in downtown Portland, Oregon, sparking debate over the use of federal power as local and state officials. https://bloom.bg/32Hvx1D

📈 The differences between European and U.K. markets are looking starker than ever, after EU leaders forged a historic rescue deal to save the bloc's weakest economies. https://bloom.bg/2OKXVIf

🔸Billions spent on small business loans helped save between 1.4 million and 3.2 million jobs during the coronavirus pandemic, according to a new study by MIT: https://bloom.bg/2OMd9fX

🍦Ben and Jerry’s made fighting injustice its brand. Its customers love it: https://bloom.bg/3jzqeHQ

💰Africa is starting to have second thoughts about all those Chinese investments: https://bloom.bg/3jx0lYU

Hello 👋 Here's what we're following:

🎧 Authorities raided Apple and Amazon offices in Italy over a ban on reselling Beats headphones. The companies are suspected of unfairly curbing the sale of Apple's Beats products by anyone other than members of its official reseller program. https://bloom.bg/2ZU2aYm

📈 These Asian stocks have benefited the most from the pandemic, threatening some traditional market leaders: https://bloom.bg/3jvOWZk

📱 Does a U.S. ban on TikTok even make sense? It would leave a giant social media hole, writes Bloomberg Opinion columnist Tae Kim. Here’s what’s at stake: https://bloom.bg/3hsRPbH

🇨🇳 Less than four months before the U.S. election, Donald Trump has made his tough China policy a centerpiece of his campaign to stay in power. https://bloom.bg/39oa1QI

🇺🇸 The mayor of Portland, Oregon, was tear gassed by the U.S. government Wednesday during another night of protest against the presence of federal agents in the city. https://bloom.bg/32NhpUA

🚀 China embarked on its most ambitious space mission yet, launching a probe to Mars that ramps up the nation's challenge to NASA's dominance in space. https://bloom.bg/2D11xmu