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Your Weekend Reading: Market Whipsaw

Your Weekend Reading: Market Whipsaw

(Bloomberg) --

U.S. markets whipsawed after almost everything traders were fretting about fell into place. The U.S. and China agreed to a partial (or “phase one”) trade deal that includes the staggered removal of tariffs on Chinese goods. U.K. Prime Minister Boris Johnson won big, nearly assuring a swift Brexit next year. And the U.S. House Judiciary Committee approved two articles of impeachment against President Donald Trump. The full House is to vote next week on whether he becomes the third president in the history of the Republic to be impeached. Senate Majority Leader Mitch McConnell will manage any trial, though the Republican has already said that an acquittal is virtually guaranteed.

What you’ll want to read this weekend

The tech industry sold the world smart-speakers, even though humans were listening in to their most intimate moments. Here’s how.

Jeffrey Gundlach’s $150 billion decade may be the asset management industry’s last hurrah.

One controversial treatment for depression, hallucinogenic mushrooms, was found to be safe in a Kings College study. A cure however remains elusive, and mental health at work remains largely “don’t ask, don’t tell.”

India’s parliament approved a contentious law banning Muslim migrants from gaining citizenship. It’s a betrayal of the nation’s multi-ethnic foundations, Mihir Sharma argued in Bloomberg Opinion.

Stephen Strasburg’s $35 million-a-year contract with the Washington Nationals was, for a fleeting moment, the most ever paid to a pitcher. But not really. It’s effectively only $23.6 million a year.

What you’ll need to know next week

What you’ll want to read in Bloomberg Hyperdrive

It was in the air for only five minutes. But the short hop by a prototype plane built by Vancouver’s Harbour Air may well have begun the era of electric flight.

Your Weekend Reading: Market Whipsaw

To contact the editor responsible for this story: David Rovella at drovella@bloomberg.net

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