Treasury Secretary Janet Yellen on Sunday urged more rapid distribution of COVID-19 vaccines globally, warning that the virus' variants could hinder the worldwide economic recovery, per the New York Times.
The big picture: The comment, made following a meeting in Venice of the finance chiefs of the group of 20 nations, comes as some countries have eased restrictions aimed at curbing the virus.
A huge windfall could be ahead for retailers: the sector is bracing for blowout spending during one of its biggest events of the year — back-to-school shopping, which is getting underway.
Why it matters: There was a hard split of fortunes between retailers who benefitted from the pandemic and those that got pummeled.
Finance ministers from the world's 20 largest economies backed a proposal on Saturday that seeks to introduce an international tax on multinational companies and sets a global minimum tax rate of 15%, Politico reports.
Why it matters: If enacted, the reform could alter who gets to tax multinational corporations and "stop multinationals from shifting profits into tax havens," Politico reports.
Mark Zuckerberg surprised a council of top Facebook executives in July 2018 by declaring: "Up until now, I’ve been a peacetime leader ... That’s going to change."
Driving the news: The account appears in a closely held book that'll be out Tuesday, "An Ugly Truth: Inside Facebook’s Battle for Domination," by the N.Y. Times' Sheera Frenkel and Cecilia Kang.
Laura McGann, former politics editor of Vox.com and Politico, and Mark Bauman, previously with the Smithsonian, National Geographic and ABC News, are teaming up to launch a yet-to-be named, "confidential" media company.
Why it matters: McGann and Bauman say they're looking to build a newsroom that goes deep on select topic areas like misinformation, climate and Chinese geopolitics.
Nobody wants to be the guinea pig. Regulators approved a new process for "hybrid" listings back in December — but no company has yet taken this route.
Driving the news: Specifically, the SEC said companies can make direct listings with a primary capital raise on the NYSE. It subsequently approved such listings on the Nasdaq in May.
