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WFH is here to stay

Weekend Reading

The work-from-home economy is probably here to stay. Deutsche Bank and Paypal became the latest big employers planning for a hybrid work model. Investors have been slow to warm to U.S. commercial real estate, but in Singapore and Hong Kong, where people have smaller homes and shorter commutes, office buildings are faring better. The work-from-home trend has been a surprise boon for women in India's huge back-office sector, but in the U.S., dry cleaners are getting crushed.

Bloomberg is mapping the pandemic globally and across America. For the latest news, sign up for our Covid-19 podcast and daily newsletter.

What you'll want to read this weekend

With the first potential Covid-19 vaccine landing as soon as next month, large U.S. hospital systems must decide which health-care workers should get shots first. AstraZeneca's contender will likely not be one of the options, as it may need to be retested in another clinical trial. In China, people are chasing unproven products on the black market.

As President-elect Joe Biden's cabinet takes shape, President Donald Trump gave the strongest indication yet that he'll voluntarily relinquish power come January. But that hasn't stopped him from pursuing his losing effort to have courts void Biden's victory. Cass Sunstein writes in Bloomberg Opinion that it's time for Trump supporters to listen to credible sources for their facts.

The pandemic has turbocharged already accelerating income inequality, with the rich getting even richer. But the denizens of the wealthiest zip codes in America are having trouble selling their mansions.

The Opus mansion in Los Angeles

The frenzied rally in electric vehicle stocks came to an abrupt halt, while crypto diehards say the latest Bitcoin selloff was just a blip.

If you have a pile of leftover mash potatoes from Thanksgiving, try this cheesy pie, courtesy of Jamie Oliver. But in his native Britain, the food supply chain is close to breaking point. 

What you'll need to know next week

What you'll want to read in Businessweek

Best and Worst Places to Be in a Pandemic

As Covid-19 has spread around the world, it's challenged preconceptions about which places would best tackle the worst public health crisis. According to Bloomberg's Covid Resilience Ranking, the Asia-Pacific region is home to four of the five best places to be in 2020, led by New Zealand, Japan and Taiwan.

A cyclist rides along a road in Auckland, New Zealand, on Sept. 16.

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The Bloomberg 50 is Bloomberg Businessweek's celebration of the year's most notable icons and innovators as well as our identified Ones to Watch. On Dec. 3, we reveal the 2020 honorees live in a dynamic virtual event. Sponsored by Salesforce, the program will feature conversations with International Monetary Fund Managing Director Kristalina Georgieva, Mastercard President Linda Kirkpatrick, Emmy-winning director Jason Hehir, DJs Swizz Beatz and Timbaland and many more. Register here.

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