Good morning, Quartz readers!
Here’s what you need to know
Coronavirus cases continue to break records in the US. According to a New York Times database, yesterday saw yet another peak of daily infections, with nearly 50,000 new cases. Many cities and counties have dropped plans to reopen in time for the holiday weekend.
The US House unanimously passed a bill to sanction Chinese banks. The legislation penalizes financial instutions that do business with officials who enable the national security law on Hong Kong. It now goes to the Senate.
Tesla is now the world’s most valuable car maker. A surge in share prices means that the California company has a market value of nearly $210 billion, and edges ahead of Japanese rival Toyota. Tesla has never made an annual profit.
Boeing and the FAA completed 737 Max test flights. The authorities are assessing the data before making a decision on what to do with a plane that’s been grounded since last year. Meanwhile, American Airlines said it now has too many flight attendants, and will try to reduce the headcount by 8,000.
Police in Seattle took back an “autonomous” protest zone. There have been four shootings in the so-called Capitol Hill Occupied Protest (CHOP) area, formed three weeks ago during demos against police brutality, and the city finally lost patience.
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A different kind of TikTok challenge
This week, India banned 59 Chinese apps, including the popular video-sharing platform TikTok, in an attempt to “safeguard” its mobile and internet users. The Quartz India team broke down how we got here and what it all means:
🎢 TikTok’s history in India has been a bit of a roller-coaster journey.
⭐️ The ban could be bad news for India’s TikTok stars—unless they diversify.
📱 An app developed by Bengaluru techies has gained popularity as TikTok’s desi alternative (✦ Quartz member exclusive)
🏃🏽♀️ The race to find “India’s TikTok” is on.
🥇 But there’s no match for TikTok’s popularity in India yet.
💊 The ban gives China a taste of its own medicine.
🤝 It might mean the end of Narendra Modi’s social media diplomacy in China (he quit Weibo on Wednesday).
🎭 Indian startups funded by Alibaba and Tencent are backing the ban (✦).
Charting US oil’s collapse
We’ve never seen a collapse like this. US oil consumption in April fell off a cliff, plumbing depths not reached since 1983. At the time, the US economy was coming off of a painful bout of inflation and leaving behind years of economic recession. The numbers, according to new data from the US Energy Information Administration, likely represent the nadir of US demand after the coronavirus virtually shut down large swaths of the country.
The drop occurred across nearly all types of oil use, from gasoline for cars to asphalt and lubricants. Petrochemicals, used for products like plastic bags and masks, were one of the only oil-based products to see a slight uptick.
For members: Changing trains in Japan
In the weeks since the Japanese government lifted the country-wide state of emergency, life is quickly returning to normal in the Japanese capital’s train stations. But is that normal a normal we should be returning to? So packed are Tokyo’s trains that anxious commuters are posting photos of cramped cars on social media with the hashtag “crowded train.” Even without a global pandemic to worry about, it’s not ideal.
Change is coming to Japan’s transit systems, if slowly. Read more about how the coronavirus pandemic is weakening the office’s grip on Japanese commuters (✦) in our field guide on the commuting revolution.
✦ If your reading list lately feels like an overstuffed train, a Quartz membership is a great way to pare it down to what you need to know about the changes facing the global economy. And to keep things completely economical, it’s on sale for 50% off! ✦
We’re obsessed with home offices
You better work. Lately, many workers have had no choice but to juggle their nine-to-five office duties with their domestic circuses. Despite our modern conceptions of an office, working from home was the norm for centuries. With no foolproof reopening solutions in sight, it appears that home offices—in whatever scale—will be a standard design feature of our homes, even after the pandemic. It’s not ideal, but it doesn’t need to be so bad either. Pull up a (kitchen table) chair, it’s the Quartz Weekly Obsession.
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Surprising discoveries
Vanilla Ice is performing in Austin on Friday. While Texas coronavirus cases surge, Color Me Badd are playing the same venue the following night.
Finland’s air force dropped its swastika symbol. It had used the swastika since its founding in 1918, long before Nazism took hold of Europe.
Scientists coined a new term: anthropause. They propose to use this name to describe the global halt in human activity due to the pandemic.
Empty stadiums could be affecting sporting outcomes. Data seems to show that the lack of fans create a kind of “negative home advantage.”
Influencers have their own trade association now. The American Influencer Council plans to advance consumer transparency, professional ethics, and public goodwill.
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