Globally, Covid cases have fallen since a terrifying peak last month.
It is too soon to declare victory, but the current trend is encouraging trib.al/wJUg2W2
🇪🇺The European Union suffered a nasty new wave of cases in early spring.
The trend is now emphatically lower as its vaccine rollout gathers pace trib.al/wJUg2W2
🇮🇳It looks as though that outbreak in India has peaked, even if the number of people falling ill remains appallingly high trib.al/wJUg2W2
🇺🇸In the U.S., the trend in new infections remains clearly downward — infections haven't been this low in 11 months — even if the disease is still far from being eradicated trib.al/wJUg2W2
🇬🇧In Britain, hit by the first significant variant of Covid but then the first big country to roll out the vaccine into the population, the disease also appears to be under control trib.al/wJUg2W2
🇹🇼For one discordant note, Taiwan is in the grip of its first outbreak.
That said, note the scale on this chart; its worst day to date has seen 700 new cases, a tiny number compared to the pain endured in other countries trib.al/wJUg2W2
We *just* learned that #SVB’s downfall was announcing it was raising equity without having buyers lined up, says @matt_levine.
So why would Credit Suisse’s biggest shareholder announce they would “absolutely not” put more money into the embattled bank? trib.al/aS9oy3I
After Saudi National Bank ruled out providing more assistance, #CreditSuisse closed down 24% at 1.697 Swiss francs per share, its lowest closing price on record trib.al/nnFD2F8
The Winklevoss twins embody the sort of collision #BloombergCrashCourse lives for: between innovation and possible hucksterism, and between authenticity and possible manipulation bloomberg.com/opinion/articl…