🗽 Andrew Yang dropped out of the New York City mayoral race as Brooklyn Borough President Eric Adams extended his lead in the Democratic primary. The final winner may not be known until mid-July due to a complex counting system and an influx of absentee ballots. Follow along our live coverage: https://bloom.bg/3xBpMPo

💰 The number of millionaires in Singapore could swell 60% to 437,000 by the middle of the decade, according to Credit Suisse. https://bloom.bg/3d4Mk3j

🎰 The Las Vegas strip is getting its first new resort in over a decade. The “city within a city” — complete with a Celine Dion residency — is a $4.3 billion bet on the gambling capital’s comeback. https://bloom.bg/3zLW8J4

🍎 Pro-democracy Hong Kong newspaper Apple Daily is closing down after 26 years following the arrest of executives under China’s new national security law. https://bloom.bg/2TXAXn3

🏦 As Wall Street insiders have raced to push businesses into the public’s hands, they’ve employed a range of maneuvers to boost their fortunes. Here’s a look inside the billionaire rush for SPAC riches. https://bloom.bg/3d8fkqS

🍼 Nine months after the U.S. declared a national emergency due to Covid, births plummeted by 8% in a month. Overall, 2020’s decline is the largest since 1973, CDC data show. https://bloom.bg/3qw94Pf

🇵🇭 Benigno Aquino III, the former Philippine president who challenged China’s territorial claims at The Hague, has died at 61. https://bloom.bg/2SZZisa

🏚️ China’s property market is heating up as people compete to own crumbling flats near sought-after public schools — even before having kids. https://bloom.bg/3vTC6cz

💻 John McAfee, who created McAfee antivirus software, was found dead in his Spanish jail cell after an announcement that he would be extradited to the U.S. to face charges of financial crimes. https://bloom.bg/3qkoINv

👮‍♂️A pair of South African brothers have vanished, along with Bitcoin worth $3.6 billion from their cryptocurrency investment platform. A Cape Town law firm hired by investors says they can't locate the brothers. https://bloom.bg/3vSc7lQ

🚢 The ship that blocked the Suez Canal for six days is almost as long as the Empire State Building is high. This is the inside story of how the Ever Given and its billion-dollar cargo got stuck, got free, got impounded, and got taken to court. https://bloom.bg/3gZfoua

🇺🇸 President Joe Biden will welcome a group of senators crafting a $559 billion infrastructure plan to the White House for talks Thursday. It's a crucial step toward moving his economic agenda through Congress. https://bloom.bg/3dbVvif

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🔨 China crushed Jack Ma — and his fintech rivals are under pressure, too. The winners of the crackdown are the country’s state-backed banks. https://bloom.bg/2U5JioQ

☀️ Four companies in China’s Xinjiang region produce nearly half of the world's solar polysilicon supply, a key material in solar panels. The U.S. banned exports from three of them, in turn boosting the fourth to have its best day on the stock market in over a month. https://bloom.bg/3xPmjwx

🏢 And many are feared dead after a 12-story Florida beachfront condo partially collapsed. At least one person was killed, with nearly 100 still unaccounted for by late Thursday evening. https://bloom.bg/3gSKIvG

🧳 Angela Merkel and Emmanuel Macron blasted Greece and other tourism-dependent nations for accepting visitors inoculated with less effective Chinese and Russian vaccines, raising the possibility of additional curbs on travel ahead of the peak tourist season. https://bloom.bg/3h3bFvF

💨 A South African regulator investigating the disappearance of two brothers, along with Bitcoin worth up to $3.6 billion, says the crypto exchange the pair founded looks like a Ponzi scheme — but it's powerless to take action. https://bloom.bg/3qryL32

🏎️ And Tesla's Model S Plaid is so fast that to avoid injuring your neck when flooring it you need to press your head against the headrest and look forward. That really is more power than anyone actually needs. https://bloom.bg/35SeNW0

🪖 India has shifted at least 50,000 additional troops to its border with China in a historic move toward an offensive military posture. India detected that China recently moved additional forces there, too. https://bloom.bg/3qwWxux

💬 The last foreign scientist left Wuhan's infamous lab in November 2019 — just before the pandemic. For the first time, she shares her story. https://bloom.bg/3h1DdTn

👓 Bigger iPads and changes to the Apple Car team? Mark Gurman dives into what big tech is exploring in his new newsletter. https://bloom.bg/2SwkxSd ➡️ Sign up here to get Power On in your inbox each Sunday: https://bloom.bg/3hfM2I3

🏪 The U.S. surged to the top spot in our list of the best and worst places to be during the pandemic, as its vaccination efforts helped the economy bounce back and businesses to reopen. See where your country stands in our latest Covid Resilience Ranking. https://bloom.bg/3w327pV


🇰🇵 North Koreans broke down in tears over seeing a dramatically thinner Kim Jong Un, according to a citizen cited by state TV, allowing rare comments on the leader’s health that could also help build support as he seeks to revive a sickly economy. https://bloom.bg/2SuJ9uq


🛥️ And as Greece reopens again for travel, the superyacht set is paying more visits to its waters than ever before. https://bloom.bg/3qxQRAQ

🇨🇳 Ahead of the Chinese Communist Party’s 100th anniversary, President Xi Jinping looks stronger than ever. But rising real estate prices, competition for jobs and debt have young people questioning his promise of the “Chinese dream.” https://bloom.bg/3jl1UM0

💉 Mixing Covid vaccines from Pfizer and AstraZeneca creates a strong immune response, according to a University of Oxford study published in The Lancet medical journal. The finding could enable greater flexibility in countries with scarce supplies. https://bloom.bg/2U6R15S

🏦 Where did former Philippine dictator Ferdinand Marcos hide his $10 billion fortune? Lawyers representing victims of his regime are trying to recoup what they can of what’s been squirreled around the world. https://bloom.bg/3hi07EK

💉 Moderna said its vaccine produced protective antibodies against the delta variant of the coronavirus. https://bloom.bg/3w5GBRe

👀 The national security law China imposed on Hong Kong a year ago showed Beijing was running the show in the former British colony. From scrubbing school curriculums to denying some the right to jury trials, the legislation’s broad use has many wondering where the boundaries are. https://bloom.bg/3h1lUlb

🇰🇵 Kim Jong Un said a “grave” incident stemming from quarantine negligence has created a crisis. The statement comes after North Korea claimed for more than a year it had avoided Covid. https://bloom.bg/3h1lUSd

In the space of a year, Harry Rosenberg's wife died of cancer and he lost both parents to Covid-19. He decided to start a new life in a Miami condo; now he's one of dozens of people missing after the building collapsed. https://bloom.bg/3qzfddc

A vote-counting fiasco has turned the race to be mayor of New York City upside down. https://bloom.bg/366V7NW

And for Instagram influencer Ramon Abbas, aka Hushpuppi, extravagance was a way of life. Authorities now say he perfected an email scam and laundered millions of dollars. https://bloom.bg/2SA5Qxm

🇨🇳 President Xi Jinping struck a defiant tone in a speech marking the Communist Party’s 100-year anniversary, warning foes they will “break their heads on the steel Great Wall” and calling China’s quest to gain control of Taiwan a “historic mission.” https://bloom.bg/3h9jXDk

🏡 A housing frenzy is sparking bidding wars from Sydney to New York to Shenzhen. Here are some of the most outrageous stories we’ve heard. https://bloom.bg/363yc6j

🔌 China’s crypto crackdown has many miners pulling the plugs on their machines. That loss of computing power has triggered a dramatic change in the time it takes to mine a single Bitcoin. https://bloom.bg/3Ag6IYW

🚔 The Trump Organization's longtime chief financial officer has surrendered to authorities in New York, facing tax-related charges in the most direct attack yet on Donald Trump and his business. https://bloom.bg/3dzw629

📈 The analysts at Bloomberg Intelligence evaluate thousands of publicly traded companies, spanning sectors and regions. Here are the 10 company stocks to watch in Q3 2021. https://bloom.bg/3dAakLJ

🌎 Tim Berners-Lee, the British computer scientist credited with creating the World Wide Web, has sold the source code for $5.4 million — the latest digital artifact to fetch a multimillion-dollar auction price as an NFT. https://bloom.bg/3dzwy0l

Hello, here’s what we’re following right now:

🦠 Johnson & Johnson says that its single-shot Covid vaccine neutralizes the delta variant and protects against infection more broadly. Delta is expected to become the dominant strain in the U.S. in the coming weeks, according to the CDC, and is already surging in Australia. https://bloom.bg/3dynwke

🇭🇰 Hong Kong police are investigating a man who stabbed a police officer and then killed himself in a busy shopping street. The attack came on the 24th anniversary of Hong Kong’s return to Chinese rule and one year after Beijing imposed a sweeping national security law that's been used to silence pro-democracy activists. https://bloom.bg/3jzz8Hz

🐎 After racehorses started winning a suspiciously high number of races, investigators stepped in. Bloomberg Businessweek goes inside the multimillion-dollar doping scandal that rocked horse racing: https://bloom.bg/3ykMtYB

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

⛔️ China blocked Didi from app stores in the country, dealing a major blow to the ride-hailing giant just days after it pulled off one of the largest U.S. IPOs of the past decade. https://bloom.bg/3wcIhZb

🛢 Saudi Arabia and the United Arab Emirates cranked up the tension in their OPEC standoff. The bitter clash between longtime allies leaves the global economy guessing how much oil it will get next month. https://bloom.bg/36ffHMd

⏳ Forget about the actual competitions at the Olympics: Simply getting all 11,000 athletes to Tokyo on time is a logistical nightmare during Covid. https://bloom.bg/3dE6sJN

💉 Israel has recorded a steep drop in the efficacy rate of the Pfizer vaccine in preventing coronavirus infections, due to the spread of the delta variant and the easing of government restrictions. But the decline in protection against serious cases and hospitalization is considerably milder, reports say. https://bloom.bg/36czbky

🚕 The ride-hailing app Didi pulled off a $4.4 billion U.S. IPO. Days later, regulators effectively ordered it be removed from app stores in its home market. Here's our Q&A on Beijing's crackdown on China's version of Uber. https://bloom.bg/3ArJTlb

⚽ And football probably is coming home to England — at least according to a statistical model created by Goldman Sachs. https://bloom.bg/3yjxkGE

When will China overtake the U.S. to become the world’s No. 1 economy? 🇨🇳🇺🇸

Few questions are more consequential, whether it’s for execs wondering about long-term profits, investors weighing the dollar’s status, or generals strategizing over geopolitical flashpoints.

The answer: Maybe never.

The Communist Party wants the world to see Beijing’s continued rise as inevitable. In reality, it’s anything but. Keep reading: https://bloom.bg/3ys2fAY

🛢️ OPEC+ infighting has deprived the oil market of extra supply and sent crude surging to a six-year high in New York. Here’s what to watch as the crisis evolves. https://bloom.bg/3Aqhig6

😷 U.K. Health Secretary Sajid Javid warned that new coronavirus cases could rise to 100,000 a day over the summer as the country prepares to relax rules and “get back to normal” on July 19. https://bloom.bg/36dmVAB

🌋 And Iceland has achieved the workplace holy grail: same pay for shorter hours. Two trials testing the idea were deemed “an overwhelming success.” https://bloom.bg/3hI75D4

🚗 Didi’s top two executives have lost about $1.5 billion in wealth over two trading days. The stock has tumbled 24% as China cracks down on the company. https://bloom.bg/3jORHHS

💰 Meanwhile, Jeff Bezos is the richest he’s ever been. Shares of Amazon rose after the Pentagon announced it was canceling a cloud contract with Microsoft. https://bloom.bg/3qYtHnm

🎮 A secret Nintendo cafe in Tokyo has quietly opened to the public. Take a look inside: https://bloom.bg/3qOKE3o

🇭🇹 Haitian President Jovenel Moïse was assassinated after a group of unidentified people attacked his private residence, AP reports. Moïse's wife, First Lady Martine Moïse, is hospitalized. https://bloom.bg/36ihNuX

💉 Two Americas have emerged from the nation’s growing vaccination gap. Despite ample supplies, the government has struggled to give away shots in rural, deeply conservative regions. https://bloom.bg/3hMrMht

🇪🇺 Germany’s health minister stepped up his plea for as many people as possible to get a Covid-19 shot amid signs the vaccination drive across Europe is losing steam. https://bloom.bg/3jNsttu