🛢️ The U.S. will release 50 million barrels of crude from its strategic reserves in an unprecedented attempt to tame prices. https://bloom.bg/3xhcSqA

🇹🇷 The Turkish lira’s freefall is shattering all kinds of records. https://bloom.bg/3nLCjxm

🚚 This is what it looks like when every step of the global supply chain goes wrong at the same time. https://bloom.bg/3xnMKuw

🛢️ The OPEC+ group of oil producers would have to defer at least two months’ worth of planned output increases to offset strategic stockpile releases led by the U.S., which will draw 50 million barrels from its reserves. https://bloom.bg/3CNPMt5

👶 China found 11.6 million children it didn’t know existed. The number of births undercounted from 2000 to 2010 is equivalent to Belgium’s current population. https://bloom.bg/3FCvTa2

🎤 Jamie Dimon quipped that JPMorgan will likely outlast China’s Communist Party, while reiterating the bank’s commitment to doing business in the country. https://bloom.bg/3FHyMX9

🩹 Cue the damage control: JPMorgan CEO Jamie Dimon knew as soon as the words came out of his mouth that his joke about China could land him in hot water. https://bloom.bg/3DQr9wZ

🚢 The supply-chain crisis is only getting worse with China’s seven-week quarantines for shipping crew. https://bloom.bg/30RxJoZ

🍗 Fried chicken without the crunch? A $410 gadget that softens food is helping Japan’s elderly regain a sense of normalcy. https://bloom.bg/2ZjtGki

😷 World Health Organization officials met Thursday to discuss a new coronavirus variant circulating in South Africa and Botswana. https://bloom.bg/3xmbC5K

🇦🇪 The UAE is stepping back from political conflicts to refocus on the economy. https://bloom.bg/3DR5qFl

🦃 Here’s how to survive this year's Thanksgiving dinner conversation. https://bloom.bg/3FJeKeY

Hello 👋 We're following the latest on the omicron coronavirus strain:

📈 U.S. stock futures and oil rose on Monday as investors tried to evaluate the economic risks from the mutated variant, bringing some calm back to markets. Asian stocks fell but the moves were modest compared with Friday’s global equity selloff. https://bloom.bg/3HZ9mWV

💬 The WHO said in a statement on Sunday that understanding omicron’s level of severity will take days to several weeks. It urged caution about the strain after two South African health experts said associated symptoms have been mild so far. https://bloom.bg/3rhzcjd

🇸🇬 And Singapore delayed the planned launch of vaccinated travel lanes with Qatar, the UAE and Saudi Arabia as a precaution to reduce imported cases. https://bloom.bg/3E38A94

🐦 Who is Twitter’s new CEO Parag Agrawal? The quiet technologist is a stark contrast to Jack Dorsey — and inherits a number of challenges from him. https://bloom.bg/3E6Y7tj

🌏 The omicron coronavirus variant has been detected around the globe from Canada to Germany to Australia, showing the difficulties of curtailing its spread. https://bloom.bg/2ZH1YOQ

😩 Goldman Sachs is trying to combat employee burnout with new perks like higher retirement contributions. https://bloom.bg/3I7GD2r

💶 Euro-area inflation surged to a record 4.9% in November, exceeding all forecasts. https://bloom.bg/3Dc0Z6F

🇬🇧 Facebook parent Meta must sell Giphy over competition concerns, the U.K. says. https://bloom.bg/31bSU4M

₿ A scrappy crew run out of Indiana is patrolling corners of the $100 billion DeFi market for crypto scammers. https://bloom.bg/3lku1uS

💸 In what's viewed as a hawkish pivot, Fed Chair Jerome Powell said officials should weigh removing pandemic support at a faster pace with inflation running high. https://bloom.bg/3obwN7q

🌍 The UAE tops the list of the best places to be during the pandemic as India leaps 19 spots. See how your country fared in our Covid Resilience Ranking. https://bloom.bg/2ZGzSDl

🧐 Traders are once again becoming amateur virologists in the race to parse out the potential impact of the omicron variant. https://bloom.bg/3d7wRz2

📱 Apple told suppliers that iPhone 13 demand weakened ahead of the holidays after it already cut production. https://bloom.bg/3xOioBp

🦠 South African scientists warned it is still too early to determine that the omicron variant will only cause mild illness. https://bloom.bg/32Tepbt

🔥 Our annual Bloomberg 50 list of people and ideas that defined global business is here. There's something for everyone, whether you're into meme stocks or Olivia Rodrigo. https://bloom.bg/3DfHl9Z

😷 🇺🇸 President Joe Biden is grappling with a fresh wave of virus cases, threatening a winter resurgence across the country. https://bloom.bg/3odZW1R

👑 Meghan Markle has won a court appeal that a British tabloid breached her privacy by publishing parts of a letter she wrote to her estranged father. https://bloom.bg/3ofXKqX ⚖️

💵 💵 Goldman CEO David Solomon and his deputies are pushing for new ways to juice their eight-digit pay packages. https://bloom.bg/3dalUMT

🚙 Breaking: Didi is moving forward on delisting from the U.S. with plans to sell shares of the $38 billion ride-hailing service in Hong Kong. Chinese regulators had asked Didi’s top execs to devise a plan to do so. https://bloom.bg/32ZPGm1

Meanwhile, the U.S. is inching closer to booting Chinese companies off American stock exchanges for not complying with Washington’s disclosure requirements. https://bloom.bg/3ryozIO

Here's what else we're following:
🏥 New York state reported the highest number of new Covid cases since January as dozens of hospitals neared capacity. https://bloom.bg/3IciCqS

💰 She’s best known as the “Queen of shell companies,” and now she has a new role: Pollyanna Chu is the investment banker for Evergrande's billionaire founder. https://bloom.bg/3plJUCC

🥇 The U.S. is poised to announce a diplomatic boycott of the Beijing Winter Olympics, CNN reports, a move that will escalate tensions between the world’s two largest economies. https://bloom.bg/3lY0VC7

🎤 Ray Dalio said his views on China were misunderstood after he “sloppily answered” a question about his investments in an interview on CNBC last week. https://bloom.bg/3omKEbf

🦠 The omicron variant spread between two fully vaccinated travelers across the hallway of a Hong Kong quarantine hotel — neither of whom had left their room nor had any contact, according to a new study. https://bloom.bg/31BICv7

🇿🇦 South Africa’s surge in Covid-19 cases following the emergence of the omicron virus variant hasn’t overwhelmed hospitals so far. https://bloom.bg/3dmBBkb 🏥

🇲🇲 A court in military-controlled Myanmar sentences former leader Aung San Suu Kyi to four years in prison. https://bloom.bg/3orjqQQ

💵 BlackRock, Vanguard, Morgan Stanley, and other Wall Street titans are betting billions that a blend of passive and active is the future of investing. https://bloom.bg/3DxujER

👔 Samsung will replace its three co-CEOs in its first major management shakeup since 2017. https://bloom.bg/31FhbAj

📈 Alibaba shares in the U.S. jumped over 10%, the most since 2017, after the company said it was replacing its chief financial officer. https://bloom.bg/3xZQNgN

🚛 The world's relentless demand for chips turned deadly in a semiconductor plant in Malaysia, as the factory remained operational during a Covid-19 outbreak. https://bloom.bg/3DwEtG2

🏢 Kaisa Group suspended trading in Hong Kong as concern mounts over default risks facing Chinese property developers. https://bloom.bg/3y48TOI

💉 Pfizer’s Covid vaccine provides less immunity to the omicron variant compared with other strains of the coronavirus, lab experiments show. https://bloom.bg/3GkXLQo

💼 The Great Resignation saw U.S. workers quit in record numbers. Other wealthy nations are seeing the same trend as people rethink their relationship to work. https://bloom.bg/3DBreDX

💉 Pfizer and BioNTech said initial lab studies show a third dose of their Covid-19 vaccine neutralizes the omicron variant. https://bloom.bg/3pD9iDV 😷

🇺🇦 It will take months to figure out if the U.S. and Russia have managed to defuse the crisis over Ukraine. https://bloom.bg/3EB1MzT

💼 Around the world, people are quitting their jobs, opting out and questioning the relentless pursuit of wealth. https://bloom.bg/3GplAqb

🦠 The omicron variant is 4.2 times more transmissible in its early stage than delta, according to a new study. https://bloom.bg/3pFdS4B

🚗 Apple’s self-driving car project lost three key engineers in recent weeks, adding to a growing list of departures including its former head. https://bloom.bg/3pCTIbv

🏦 Barclays is hiring across Asia as it plots a revival to markets including China, Singapore and India. The expansion comes after the British bank pulled back operations in the region in 2016. https://bloom.bg/3rLgBMF

🇨🇳 China Evergrande Group has officially been declared in default. It’s likely to culminate in a massive restructuring of the world’s most indebted developer. https://bloom.bg/3rOOxYE

😷 Here’s a look back at the defining events of 2021 and the photos that captured them. https://bloom.bg/3IzZDXu 🌍

💉 Could there be one coronavirus vaccine to rule them all? It might not be as far off as you think. https://bloom.bg/3dxTkp2

👋 Taiwan lost another friend after Nicaragua recognized China. Only 14 countries now have full diplomatic ties with Taipei. https://bloom.bg/3dDDJnY

🚢 The line of waiting container ships at California ports is getting shorter — but only because they’re hiding. https://bloom.bg/3DHvmSP

💩 The world is so desperate for manure that even human waste is a hot commodity now. https://bloom.bg/3GxlZqC

Hello 👋 Here’s what we’re following:

🇮🇳 Indian Prime Minister Narendra Modi’s personal Twitter account was hacked over the weekend, his office said. A tweet falsely claimed that India had officially adopted Bitcoin as the legal tender. https://bloom.bg/3GD7m5j

🏖 After a meteoric year for crypto, investors are relocating to Puerto Rico for its savings on individual and corporate taxes — and golf and beaches, of course. https://bloom.bg/3oOz5tz

📱 An Amazon warehouse was reduced to rubble on Friday, killing at least six, when a string of tornadoes ripped through six states. The collapse amplified concerns among workers about a ban on phones. https://bloom.bg/3GTz2TN