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Bloomberg Opinion

@bopinion

12 Nov

After five states passed ballot measures for marijuana use last week, the drug will soon be legal in some form for 70% of the U.S. population.

A third of the country won’t even need a medical excuse trib.al/mcJlx3l

Unlike in the past, all of this happened without much of a public uproar.

This is the moment that cannabis companies and their investors have been waiting for: to be considered a legitimate industry rather than a hot voting issue trib.al/mcJlx3l

From here, the goal is to make weed every bit as normal as junk food, wine and other vices long found in stores across America 🍟🍔🍷🍻 trib.al/mcJlx3l

Read 12 tweets

Bloomberg Opinion

@bopinion

11 Nov

If the Pfizer-BioNTech vaccine gains regulatory approval by Christmas, we can cheer the scientists for heroic work.

But tough decisions lie ahead: Who should get the vaccine first? trib.al/RtnmyWd

💉Pfizer expects to produce up to 50 million vaccine doses in 2020 and up to 1.3 billion in 2021, to be split between several nations.

The U.K. has ordered 40 million, enough to vaccinate 20 million people in two doses trib.al/RtnmyWd

Countries have started to outline strategies to ration the vaccine:

🇬🇧U.K. plans to start with the very old, care home & health care workers, before moving down the age brackets
🇩🇪Germany will vaccinate at-risk groups first, along with nurses and doctors trib.al/RtnmyWd

Read 11 tweets

Bloomberg Opinion

@bopinion

9 Nov

In a 44,000-person clinical trial, Pfizer’s vaccine candidate prevented over 90% of Covid-19 cases so far.

It's fantastic news and a historic scientific accomplishment trib.al/nLOpJys

Of course, there are still unknowns about the vaccine.

With limited supplies available until next year and two shots needed to complete treatment, it won't end a rampant pandemic overnight trib.al/nLOpJys

The news does, however, substantially boost the chances of a quicker and easier resolution.

📈 Investors are justified in taking Pfizer shares and the broader market higher trib.al/Y9ra6VU

Read 17 tweets

Bloomberg Opinion

@bopinion

8 Nov

Until a vaccine arrives, the world has to find a way to live with Covid-19 and without lockdowns.

One approach with promise? Mass testing with new tests that deliver near-instant results bloom.bg/3eBKBlk

🇸🇰Slovakia used rapid diagnostic tests on 3.6 million people -- two-thirds of its population -- in just two days.

Now Boris Johnson wants to try it in the U.K., starting with a trial in Liverpool bloom.bg/3eBKBlk

The northern English City is offering all residents and workers a rapid antigen test.

Some 2,000 military personnel have been brought in to help out. If it goes well, millions of the tests will be distributed to other regions before Christmas bloom.bg/3eBKBlk

Read 10 tweets

Bloomberg Opinion

@bopinion

6 Nov

As expected, Trump is dusting off his well-worn litigation playbook. He's:

➡️Pushed to stop ballot tallies in MI & PA
➡️Claimed negligence of a poll worker in GA
➡️Threatened to demand a recount in WI
➡️Threatened to sue NV for “illegal votes” trib.al/AK8NdVZ

@TimOBrien

Not only are these lawsuits plainly frivolous, they are old hat for Trump:

“He’s been involved in at least 3,500 lawsuits over the last three decades or so,” writes columnist @TimOBrien, who was unsuccessfully sued by Trump for libel in 2006 trib.al/AK8NdVZ

The point of his lawsuits isn’t to cure an actual problem.

Trump has spent months claiming that elections and mail-in voting in the U.S. are riddled with malfeasance. They’re not, of course. His lawsuits are an extension of that push trib.al/AK8NdVZ

Read 9 tweets

Bloomberg Opinion

@bopinion

4 Nov

Defying expectations, California voters have approved Prop 22, which exempts gig companies from a law that requires them to classify workers as employees.

Instead, ride-hailing and food-delivery apps can keep their workers as independent contractors trib.al/EfSjuO1

What does this mean for workers at Uber and Lyft, as well as grocery delivery services?

⬇️Fewer benefits
🚫Aren’t required to earn minimum wage trib.al/EfSjuO1

@Noahpinion

Strangely, this comes at a time when many states and cities are raising the minimum wage.

While it might be simply a function of a well-run corporate ad campaign, it might also reflect a general anxiety about the future of cities,” writes @Noahpinion trib.al/EfSjuO1

Read 12 tweets

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