Here Come the Crypto Rules


The pandemic hasn’t changed everything about how we live and work, but it has changed a lot. And there is more change to come, argues the former F.D.A. commissioner Dr. Scott Gottlieb in his new book, “Uncontrolled Spread.” DealBook spoke to Dr. Gottlieb, who is a Pfizer board member, about doing business in the new world that Covid is creating. The interview has been edited and condensed.

DealBook: What does the previous pandemic tell us about the future after this one?

Dr. Gottlieb: The 1918 flu pandemic was an inflection point in history. Very clearly, this pandemic has changed the course of history. In terms of culture and society, it’s early to say what the effects will be. But Covid has exposed the vulnerabilities in many aspects of society — essential workers, people with lower incomes, older populations and minorities. We’ll be forced to change.

How will workplaces change?

A workplace needs to be made impervious to viral threats. There are no clear lines demarcating phases, but at some point, Covid will become a persistent threat, like the flu. We need to think about de-densifying spaces, better airflow, changing commutes and businesses voluntarily requiring vaccination.

What about conferences?

Events will have to be moved outdoors and held in specific seasons. Conferences could become more bespoke, and there will be hybrid approaches, both live and virtual.

How else will our thinking change, in the big picture?

We’ll have to look systematically at our entire system of government and business, the way we operate in the world, how we evaluate risks globally and, from that, create a new framework based on a need for preparedness. We will have to think about maximum resiliency versus maximum efficiency, taking a view of public health as a priority — an economic and national security issue.

Deals

  • Barry Diller’s IAC is reportedly in talks to buy the magazine publisher Meredith for $2.5 billion. (WSJ)

  • Daimler is teaming up with Stellantis to produce battery cells at new gigafactories in France and Germany. (FT)

  • Vitalize is the latest venture fund to start an angel investing program for non-accredited investors. (Twitter)

  • Gorillas, a European grocery delivery start-up, raised funds at a $3 billion valuation. (The Information)

Policy

  • New federal flood insurance rules that reflect the real risks of climate change will make the premiums for waterfront homes soar. (NYT)

  • EQT, the largest listed private equity firm in Europe, is being investigated for market abuse in Sweden. (Bloomberg)

  • The F.E.C. rejected complaints about election interference made by Representative Matt Gaetz and former President Donald Trump against Twitter and Snapchat. (Insider)

Best of the rest

  • The wealth gap between Black and white Americans is so enormous that only reparations can fix it, an economist argues. (NYT)

  • “When You ‘Ask App Not to Track,’ Some iPhone Apps Keep Snooping Anyway.” (WaPo)

  • A memoir from a well-connected businessman in China gives a rare insight into the interplay between money and power in the country. (NYT)

  • Rihanna, the pop star turned fashion mogul, on becoming a billionaire. (NYT)

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