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Wall Street loves China

Weekend Reading

Just weeks before President-elect Joe Biden is sworn in, President Donald Trump's outgoing administration is trying desperately to lock in its policies toward China. Wall Street, however, is unfazed, and much of what Trump does may be swept aside by Biden. Meanwhile, China's "Wolf Warrior" diplomats are winning fans for their hard rhetoric, and a post by Australian Prime Minister Scott Morrison on China-owned WeChat was removed. And Bloomberg Businessweek makes some predictions about the future of U.K.-Chinese relations.  

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

Anthony Fauci may have a bigger role under President Biden. States are crafting vaccine plans amid shifting information, and there's concern that side effects could temporarily impair health care workers who get the first shots. Track the international progress of Covid-19 vaccines here.

Dr. Anthony Fauci 

New York City real estate agents are turning to Instagram influencers to woo buyers, but beware investing tips from TikTok stars, who optimize their videos for entertainment. Learn instead from China, where retail investors dominate stock trading, Shuli Ren writes in Bloomberg Opinion.

Nasdaq is pushing for more diversity in the C-suite, a move that will affect acquisition vehicles known as SPACs, half of which have no women on their boards. And because of the pandemic, women say they have less power than men to ask for a raise.

Some European fund managers who went on an expedition to the Arctic Ocean to discover climate change are now demanding companies address biodiversity. In Singapore, the battle to keep cool requires a clever combination of trees and tech. Green hydrogen could be the most important energy experiment in the future.

Two dozen finance executives from the Netherlands went on a climate change expedition in the Arctic Ocean, the start of what may be a new effort by asset managers on behalf of saving the natural environment.

Italy's Illycaffe, known for selling its premium coffee brands in hotels and restaurants, is changing strategy to target stay-at-home Americans. For Guatemalan growers, there's no money in making high-end coffee.

What you'll need to know next week

What you'll want to read in the Bloomberg 50

The People Who Defined an Unprecedented Year

We compiled a list of 50 people in business, politics, entertainment and elsewhere who changed the landscape during the most trying of years. They include Dr. Anthony Fauci, America's voice of science, Aurora James, who got retailers to pledge shelf space to Black-owned brands, and Wang Xing, China's lockdown delivery guy.

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Bloomberg Green Solutions Summit: Public commitments are a key tool in the battle against climate change. How do executives select the best initiative for their organization, develop and pay for it while tracking its progress? Join us Dec. 10 as sustainability experts and executives from BNY Mellon, Amazon, and JLL discuss how companies can best embark on their own climate pledge. Register here.

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