🇭🇰 Hong Kong’s richest man has Zoom to thank for one-third of his wealth. Li Ka-shing, the tycoon who built some of the city’s most iconic skyscrapers, first invested in the video app in 2013 — a stake now worth $11 billion. https://bloom.bg/32M8rpd

💉 A frontrunner for a Covid-19 vaccine is being held up by political tensions between China and Canada. https://bloom.bg/34UxrNr

🎣 And a new battle has started in the South China Sea: a fierce contest over fish. Stealth tactics are now common in one of the world’s largest fishing grounds. https://bloom.bg/2QKgdKH

🇦🇺 Australia has fallen into its first recession in almost 30 years, with the sharpest quarterly contraction since records began in 1959. https://bloom.bg/3gS0MKI

💸 A dramatic decline in energy prices has left one of the world’s richest petrostates running out of cash. https://bloom.bg/31RFN6w

🤦 A trader fat finger is blamed for the accidental sale of 5 million surging shares from a company chairman’s account. https://bloom.bg/2EFGLub

🌾 Millions are going hungry in America's heartland, the center of the nation's food production. This includes workers who pick and package the crops that show up in supermarkets — sustenance they themselves can no longer afford: https://trib.al/OxIl3PU 

✈️ Saudi Arabia approved a request from the UAE to use the kingdom’s airspace for all flights, the latest sign of warming ties with Israel:
https://trib.al/1JKOfGZ

🦠 The CDC has told states to prepare for a Covid-19 vaccine to be ready by Nov. 1: https://trib.al/K2zaELt

Hello, here’s what we’re following:

🎤 The agency behind the K-pop superstars BTS is looking to raise up to $812 million in an IPO that would be South Korea’s largest in three years. https://bloom.bg/3lSn1Er

🌏 A K-shaped recovery is coming to emerging markets. Stocks and currencies from wealthier developing nations are outperforming their poorer peers during the pandemic, magnifying the gap between them — one that could get even wider. https://bloom.bg/2QNk6hE

🇧🇷 And Brazil has been handing out so much cash to citizens that poverty is nearing a historic low in the nation. As part of its coronavirus response, 30% of the population has been getting $110 a month. https://bloom.bg/2EROmFY

🇫🇷 Emmanuel Macron’s government unveiled the long-awaited 100 billion-euro ($118 billion) stimulus plan the French president is betting on to transform the economy and his political fortunes. https://bloom.bg/3bntH8n

💉 Drugmakers made big promises for a quick turnaround on coronavirus vaccines. The moment of truth for the front-runners is coming as soon as this month. https://bloom.bg/2F0x9tA

🏰 Suddenly, the $75,000-a-month summer rental market is year-round in the Hamptons. https://bloom.bg/2ETlNYJ

💼 U.S. jobless claims are still trending at almost quadruple the pre-Covid 19 level: https://trib.al/KsnSqtm 

🦠 Thailand detected its first locally transmitted Covid-19 case since May, snapping a streak of 100 days without community transmission: https://trib.al/9YHuY1t 

🇨🇳 China's leader sets a combative tone at a difficult moment in relations with the U.S.:
https://trib.al/b06Az7d

💰 Asia's wealthy are hoarding cash to take advantage of investment opportunities once the impact of the coronavirus subsides, according to the head of private banking at DBS. https://bloom.bg/3hXuHCF

🐋 Thailand plans to shut its national parks for several months each year to reduce environmental damage at popular tourist spots. Closures during the pandemic have brought a return of whales and turtles to the country's famous beaches. https://bloom.bg/3lQHf1h

✈ And with most flights grounded, airlines are coming up with new ways to make money — selling everything from fresh vegetables to peanuts and pajamas.

🎖 Donald Trump strongly denied an explosive report that he had belittled Americans who died in the nation’s wars as “losers.” https://bloom.bg/2F9AaYs

💸 Tech’s 10 wealthiest people, including Jeff Bezos and Elon Musk, saw $44 billion erased from their collective net worth as U.S. equities tumbled. https://bloom.bg/2Z3IQag

🏃 Peloton is preparing to launch a new high-end bike and a cheaper treadmill, coming out of the blocks at less than $3,000. https://bloom.bg/356lnZx

🇭🇰 Hong Kong police arrested hundreds of people as protests flared up again on Sunday, the day the city’s Legislative Council election was scheduled to take place. The vote has been pushed back a year due to the pandemic. https://bloom.bg/3h7rEGM

🇺🇸 In the U.S., several boats in a parade supporting President Donald Trump sank in a lake in Texas. It's not the first time a Trump rally has ended with boats calling for help. https://bloom.bg/325HoG1

✈️ And airplane cabins could look quite different the next time you fly. Carriers are looking at ways to reassure passengers they’ll be safe, like special headrest extensions and disinfectant coating on seats. https://bloom.bg/3bArHK1

⛽ Chancellor Merkel backed her foreign minister in warning Moscow that Germany could change its backing for a gas pipeline in response to the poisoning of a Russian opposition figure. https://bloom.bg/3heVslb

😞 A Japanese billionaire who lost millions by trading stocks during the volatile swings of the pandemic regrets his actions and vows to recover the money through his business. https://bloom.bg/2ZezXuC

✈️ President Trump loaded up Air Force One with art treasures from France on a trip there two years ago. But when he got home White House curators said they were fakes. https://bloom.bg/2ZdGQw2

Hello 👋 Here’s the latest in China news:

🇺🇸 Donald Trump vowed to sharply scale back U.S. economic ties with China, threatening to punish any American companies that create jobs overseas and to deny federal contracts to those that do business in China. https://bloom.bg/35m3p5o

🇦🇺 The last two journalists working for Australian media outlets in China fled the country after police demanded interviews with them. Their departure comes a week after a Chinese-born Australian citizen working as a news anchor in the mainland was detained there. https://bloom.bg/2GxYCUc

🍵 And a bubble even scarier than big tech is brewing in China, writes Shuli Ren for Bloomberg Opinion. It’s one engineered by pro stock pickers. https://bloom.bg/3m0kyry

🍽️ With no end to the coronavirus in sight, fruits and vegetables are increasingly out of reach of many people’s wallets, and obesity is turning into a global pandemic. https://bloom.bg/2ZfOExt

💉 A new vaccine for Covid-19 that originated at the University of Oxford is being tested on humans in Australia. https://bloom.bg/2Fa7fUl

💰 British billionaire Anthony Bamford transferred his fortune to Switzerland in a move that illustrates the lengths rich people go to protect their wealth. https://bloom.bg/2RitnyR

After a volatile day for financial markets on Tuesday, with the Nasdaq down almost 5%, Asian stocks opened lower and U.S. futures retreated. Here’s what you need to know:

📉 Tesla shares fell the most ever after it was left out of the S&P 500. https://bloom.bg/3m2IOt0

💉 AstraZeneca paused its trial of a Covid vaccine after a participant got sick. The decision jolted investors and sent the company's shares down. https://bloom.bg/3hcIsw7

💹 Follow our rolling markets update here: https://bloom.bg/3bMoUhe

📈 European stocks rise along with U.S. equity futures as optimism creeps into the market. https://bloom.bg/3m4Y48Q

📽️ Instead of turning into another $1 billion blockbuster, Disney’s new ‘’Mulan’’ is a political hot potato that reflects the U.S.’s fraying ties with China. https://bloom.bg/3ie48cG

🏆 Starting in 2024, the top Oscar award for best picture will be granted only to films that meet diversity standards. https://bloom.bg/2R6GRgH

▫️The U.S. West Coast faces another day of raging wildfires and evacuations. We're tracking the outbreak here: https://bloom.bg/2FfwsNp

🦠President Trump defended telling journalist Bob Woodward that he intentionally downplayed the severity of the coronavirus in public, saying he didn’t want to cause panic or price spikes: https://bloom.bg/33d37vc

💍The luxury industry’s biggest takeover is unraveling as LVMH moved to call off a $16 billion purchase of Tiffany & Co., which countered with a lawsuit to try to keep the deal on track: https://bloom.bg/3bKwZ5K

Hi, here's what we're following right now:

😷 Apple is distributing special face masks for employees that were created by the same design groups that worked on the iPhone and iPad. https://bloom.bg/2FiCfSi

👀 Former Theranos CEO Elizabeth Holmes might use a “mental disease” defense for her criminal fraud trial — one of Silicon Valley’s most closely watched cases. https://bloom.bg/3igBJml

💰 And JPMorgan found that some workers improperly pocketed Covid-relief funds that were intended for legitimate U.S. businesses hurt by the pandemic. The bank sent an all-staff memo about the potentially illegal acts, without describing exactly what they were. https://bloom.bg/3jWuEro

😷 Donald Trump’s acknowledgement that he knew the virus was far more deadly than he made it out to be is another setback in his re-election campaign. https://bloom.bg/3bK3P6U

🔥 Wildfires transform the skies over San Francisco into an apocalyptic spectacle. https://bloom.bg/2ZobCT6

🛍️ Indian billionaire Mukesh Ambani is offering Amazon a $20 billion stake in his retail business, sources say. https://bloom.bg/2ZoAjic

🛢Oil producer Pemex has more Covid-19 deaths than any other company in the world, with more than 300 fatalities. And yet Mexico's crown jewel keeps pumping, no matter what. https://bloom.bg/3hf7FWJ

⭐ Citigroup picked Jane Fraser as its next CEO, making her the first woman to helm a major Wall Street bank. But the milestone also shows why there's a long way to go for gender equality, according to industry insiders. https://bloom.bg/2RgYyKS

🚋 The spaces beneath elevated train tracks often get a bad rap in the U.S. and Europe — but in Tokyo, things are very different. Look under the railways and you'll find a world of cozy restaurants, old-school pubs, shops and even medical clinics and college dorms. https://bloom.bg/3he3P08

🤝 The U.K. secured a free-trade agreement with Japan, its first major post-Brexit accord and a boost to Boris Johnson as negotiations deteriorate with the EU. https://bloom.bg/2RhZnmo

👃 The newest Covid-19 vaccine candidate doesn’t require a painful injection. https://bloom.bg/2GQdKwu

📵 Nokia is still feeding off a lucrative asset, years after its vast mobile-phone business was killed off by the iPhone. https://bloom.bg/3k6kMLH

📲 There’s finally a winning bidder for TikTok’s U.S. operations. But it’s complicated.

Oracle won the deal after its main rival, Microsoft — which was seen as the more likely winner — said its offer was rejected.

The details are still evolving. A deal with Oracle is narrower and will appear more like a corporate restructuring than an outright sale, said a person familiar with the talks. Early offers from both companies valued TikTok’s U.S. business at about $25 billion, but that was before China placed new limits on technology exports.

Plus, it’s still unclear whether an Oracle deal will satisfy the Trump administration. Keep reading: https://bloom.bg/2RupoPr