Hello, here's what you need to know:

💵 Hong Kong's richest man made an early bet on Zoom that's now worth $3 billion. Li Ka-shing’s investment is up 80% so far this year. https://bloom.bg/2Vhmyir

⛽ A Saudi-Russian deal to cut oil production by 10 million barrels a day is under threat after Mexico walked out of OPEC+ talks. https://bloom.bg/34nlNbQ

🏠 And leaders around the world urged residents to stay put this weekend, while coronavirus shutdowns pushed China’s consumer inflation to its weakest pace in months. https://bloom.bg/2XmY2iA

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

🛢 The world’s top oil producers pulled off a historic deal to cut global petroleum output by nearly a 10th, putting an end to the devastating price war between Saudi Arabia and Russia. Investors are trying to establish whether that will be enough to dent the massive glut that keeps growing as the virus shuts down the global economy. https://bloom.bg/34ulzzw

🏃 The world’s biggest maker of sneakers was asked to temporarily halt operations in Vietnam to limit the risk of infection. The group is a manufacturer for international brands like Nike, Adidas, and New Balance. https://bloom.bg/2XvpydS

💰 And Masayoshi Son’s $2 billion guarantee to a star entrepreneur is at risk. Ritesh Agarwal’s Oyo hotel chain is freezing operations around the world, which could prove particularly messy for Son and SoftBank, which backs him. https://bloom.bg/2V1mLY5

📱Apple is preparing an iPad-like redesign for top-tier iPhones as part of a major fall refresh that could include up to four new models: https://bloom.bg/2xh74mL

⛽ This is the inside story of how the oil price war ended: https://bloom.bg/3b7UC7d

😷 Donald Trump declares he, not U.S. governors, has the power to "open" states and relax social distancing rules: https://bloom.bg/2XwWhzu

🏥 Doctors in India are being assaulted and abused as they try to contain the coronavirus. People are panicked about catching the disease from medical workers or being stigmatized for contracting it themselves.

“We are not scared of infections... But getting beaten up, that wasn’t something we mentally prepared for. That’s not an occupational hazard we signed up for,” said a senior doctor at a public hospital in New Delhi.

Medical workers have also been attacked from Australia to the Philippines, but the violence is particularly widespread and intense in India, spanning social classes and religions.

Keep reading: https://bloom.bg/34xSmUs

🏥 Deaths involving Covid-19 in England are running 15% higher than the number reported by the National Health Service. https://bloom.bg/2yfeOFE

🇺🇸 Donald Trump's push to reopen the world's largest economy hinges on a breakthrough that has so far eluded him: ratcheting up testing capacity to stave off another wave of coronavirus. https://bloom.bg/2wE2BKv

😷 Saudi authorities are racing to contain an outbreak of coronavirus in the Islamic holy city of Mecca. https://bloom.bg/2RyLFfK

💰 The International Monetary Fund predicts the “Great Lockdown” recession will be the steepest in almost a century — and warns the world economy’s contraction and recovery will be worse than anticipated if the coronavirus lingers or returns.

In its first World Economic Outlook report since the spread of the coronavirus and subsequent freezing of major economies, the IMF estimates that global gross domestic product will shrink 3% this year: https://bloom.bg/2RF68zv

Hello, here’s what we’re following:

🚶How long should the world practice social distancing? Harvard researchers say it may be needed into 2022 to prevent Covid-19 from resurging. https://bloom.bg/3elKZEb

🇺🇸 Donald Trump is halting U.S. funding to the World Health Organization, claiming it failed to share information about the coronavirus pandemic as it spread. https://bloom.bg/2VakAkZ

📈 And a money manager in China returned 58% for his clients this year by doing… nothing at all. https://bloom.bg/2ykXQWr

🇨🇳 China criticized Donald Trump's move to temporarily halt funding to the World Health Organization and pledged to support the global health body. https://bloom.bg/2VINuIj

💷 The pound could be an unexpected winner from Europe's virus troubles. https://bloom.bg/3enGokY

📉 Global oil demand will plunge by a record 9% this year due to coronavirus lockdowns, the International Energy Agency said. https://bloom.bg/3bc2Ona

📱Apple unveiled the new iPhone SE, its first low-cost smartphone in four years: https://bloom.bg/3emQi6c

🔽 U.S. retail sales and factory output posted historic declines in March, and other figures showed that the worst is yet to come: https://bloom.bg/2K8phWs

😷 Covid-19 has infected 2 million people around the world as the new coronavirus marked another grim milestone: https://bloom.bg/2xncvAE

What’s it like reopening a restaurant in Wuhan right now? 🇨🇳

After more than two months of lockdown, most of the city’s 11 million residents are now free to venture outside. But it’s far from business as usual — and consumer habits may be changed forever.

For one restaurant owner, Xiong Fei, the city’s reopening has only brought a new set of challenges. It provides a window into the uncertain future facing small business owners around the world as they contemplate life after lockdowns.

Read more about Xiong’s story: https://bloom.bg/3eonla0

😷 The number of new coronavirus cases climbed in Spain and Germany. https://bloom.bg/3aftS3z

🇬🇧 Britain is expected to extend its lockdown, even as officials said there are signs the U.K. may soon be past the worst of the coronavirus outbreak. https://bloom.bg/34F1Hda

🇺🇸 Donald Trump said he will unveil guidelines to relax stay-at-home rules on Thursday, citing reports that the coronavirus outbreak is plateauing in parts of the country. https://bloom.bg/2VbfO6X

💊 💉 More than 200 different programs have been launched to develop vaccines and therapeutics to combat the Covid-19 pandemic.

Clinical trials are almost all in the early stages, and it could take weeks or months to get answers on what works.

We're tracking what's under development: https://bloom.bg/3bgope2

Hello! Here's what we're reading today.

↘ The pandemic's impact has shown up in China's official data. Its economy shrank for the first time in decades, contracting 6.8% in the first quarter from a year ago. https://bloom.bg/2RJRGGm

✈ With global tourism stalling, two-thirds of the world's jets can't fly. That's brought some unique problems for aircraft owners, from finding parking spaces to stopping birds from nesting inside the planes. https://bloom.bg/2yjYKmc

💉 How close are we to a coronavirus vaccine? We've created a tracker showing some of the experimental treatments and drugs that are being tested—with the caveat that almost all clinical trials are in the early stages. https://bloom.bg/2XGDCRH

💉 Biotech companies are battling to make the first good blood test for Covid-19. https://bloom.bg/2wLf3Ig

🇪🇸 Spain reported the biggest increase in the number of confirmed coronavirus cases in more than a week, pushing the total in Europe's most extensive outbreak close to 190,000. https://bloom.bg/2Kd5YLw

👍 Greece is setting an example for the world with a swift response to the coronavirus epidemic. https://bloom.bg/2wRl4U0

💊 The U.S. West Coast’s plan for emerging from the coronavirus lockdown relies on millions of tests and tens of thousands of volunteers: https://bloom.bg/2xE7Cmz

😷 Your risk of getting sick from Covid-19 may lie in your genes: https://bloom.bg/3etHsUn

🚉 Mass transit in America faces a downward spiral of reduced revenue and ridership: https://bloom.bg/34Kn8cM

✈️ When coronavirus infections began tearing across the U.S., rich Americans mobilized their pandemic escape plans and fled to their secret bunkers and multi-million dollar isolated mansions in New Zealand. https://bloom.bg/2ypasMq

🇸🇪 Sweden says its controversial approach to battling the virus is starting to prove effective. The country has had a relatively relaxed response, leaving schools, gyms, and restaurants open. https://bloom.bg/3ctvLez

🛢 A legendary oil trader in Singapore hid $800 million in losses. His company’s downfall shows the depth of the fallout from the dramatic drop in oil prices so far this year. https://bloom.bg/2KvdfXn

🔽 Oil plunged to the lowest level since 1986 as a deadly pandemic ravaging global economies threatens to erase an entire decade of demand growth: https://bloom.bg/2VGw66V

✈ America’s ‘big three’ airlines — American, Delta, and United — prepare for a very painful fall: https://bloom.bg/2wXOQXc

💰The biggest U.S. companies will slash their cash spending this year amid the uncertainty of the coronavirus pandemic, according to Goldman Sachs: https://bloom.bg/2XXnSd4

📉 Monday was a “devastating day” for the global oil industry. Crude crashed into negative territory for the first time ever, reflecting the extreme disconnect between supply and demand. These charts show the market frenzy: https://bloom.bg/3eCuS5g

What do those negative prices really mean? With the coronavirus halting much of the global economy, so much oil is going unused that U.S. energy companies are running out of room to store it. 🛢 For some producers, paying buyers to take it may be cheaper than finding storage. https://bloom.bg/34PL8LP

The was some reprieve in early Asian trading as futures in New York edged back above zero. https://bloom.bg/3cxCSTe

📉 The meltdown in oil markets widened as the world runs out of places to store unwanted crude. https://bloom.bg/2RX7VzX

💷 The bad news just won’t stop coming for the pound. https://bloom.bg/2VqYn2r

🇬🇧 The U.K. reported its highest weekly death count on record as the damage caused by the coronavirus epidemic continues to rise. https://bloom.bg/2RVIrCY