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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

2 hours ago - Health

Biden says it's "not the time to relax" after touring vaccination site

President Biden speaking after visiting a FEMA Covid-19 vaccination facility in Houston on Feb. 26. Photo: Mandel Ngan/AFP via Getty Images

President Biden said Friday that "it's not the time to relax" coronavirus mitigation efforts and warned that the number of cases and hospitalizations could rise again as new variants of the virus emerge.

Why it matters: Biden, who made the remarks after touring a vaccination site in Houston, echoed CDC director Rochelle Walensky, who said earlier on Friday that while the U.S. has seen a recent drop in cases and hospitalizations, "these declines follow the highest peak we have experienced in the pandemic."

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Annelise Capossela/Axios

  1. Health: Most COVID-19 survivors can weather risk of reinfection, study says — "Twindemic" averted as flu reports plummet amid coronavirus crisis
  2. Vaccine: FDA advisory panel endorses J&J COVID vaccine for emergency use — About 20% of U.S. adults have received first vaccine dose, White House says — New data reignites the debate over coronavirus vaccine strategy.
  3. Economy: What's really going on with the labor market.
  4. Local: All adult Minnesotans will likely be eligible for COVID-19 vaccine by summer — Another wealthy Florida community receives special access to COVID-19 vaccine.
  5. Sports: Poll weighs impact of athlete vaccination.

The week markets went wild

Illustration: Lazaro Gamio

The markets just closed out a manic week.

Why it matters: Outsized — and in some cases historic — moves were evident across the board.