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Former New York City Mayor Michael Bloomberg delivers a speech at the High-level Dialogue on U.S.-China Economic Relations in New York in 2017. Photo: Xinhua/Wang Ying via Getty Images

Amid President Trump's trade war with China, billionaire and former New York City Mayor Michael Bloomberg is putting on a major global economic event this November — in Beijing.

The big picture: Bloomberg's New Economy Forum, in partnership with the China Center for International Economic Exchanges, on Nov. 20–22 will draw about 500 business and technology leaders, academics and government officials from dozens of countries.

  • A preview of some of the big names involved: Bill Gates, Henry Kissinger, Hank Paulson, Zeng Peiyan, Sultan Al Jaber, Ajay Banga, Gary Cohn, Chang Zhenming, Li Xiaopeng and Xie Zhenhua.
  • Expect some top Trump administration and Chinese government officials to attend.

What they're saying: Justin B. Smith, CEO of Bloomberg Media, said China has welcomed the project "despite the geopolitical challenges" and that "one of the most important things we can do is plant a flag in the future."

  • While Davos with its Western focus is becoming a "legacy gathering," Smith said the gathering in Beijing can become the most influential convening of business and government leaders focusing on ascending economies and the changing nature of the global economy.

Go deeper

The ransomware pandemic

Illustration: Aïda Amer/Axios

"We are on the cusp of a global pandemic," said Christopher Krebs, the first director of the Cybersecurity and Infrastructure Security Agency, told Congress last week. The virus causing the pandemic isn't biological, however. It's software.

Why it matters: Crippling a major U.S. oil pipeline this weekend initially looked like an act of war — but it's now looking like an increasingly normal crime, bought off-the-shelf from a "ransomware as a service" provider known as DarkSide.

Hollywood's wakeup call

Illustration: Sarah Grillo/Axios

Decades of failures around diversity and inclusion finally caught up with Hollywood Monday, when NBC made the unprecedented decision not to air the Golden Globes next year following backlash against the group that hosts the show.

Why it matters: NBC has been airing the event exclusively for decades. Its decision to pull back speaks to how big the backlash against the Hollywood Foreign Press Association (HFPA) has become.

Erica Pandey, author of @Work
2 hours ago - Health

There's a frenzy for summer school, but it may not be enough

Illustration: Annelise Capossela/Axios

Kids across the country have fallen behind after more than a year of interrupted, unstable and inequitable virtual school. And they'll need to go to summer school to catch up.

Yes, but: It's not that easy. Kids are demoralized, teachers are exhausted, and it'll take more than one summer to fix the pandemic's damage.