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Merck jumps in

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As variant storm clouds gather over a world battered by the coronavirus, some good news arrived for Americans when the White House announced Tuesday that Merck will help make Johnson & Johnson's single-shot vaccine, a rare collaboration between rivals. In Europe, Ireland reported the fewest new cases since December while Serbia donated 5,000 doses of the AstraZeneca shot to neighboring Bosnia-Herzegovina. But elsewhere in the world, Covid-19 continues to wreak deadly havoc. Here's the latest on the pandemic. —David E. Rovella

Bloomberg is tracking the progress of coronavirus vaccines while mapping the pandemic globally and across America

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They're headed for the exits at Goldman Sachs. The latest departure is the bank's chief lawyer, Karen Seymour. As a federal prosecutor, she sent Martha Stewart to prison. Then she moved to Goldman, where she played a crucial role in helping the bank settle criminal probes (Goldman paid $5 billion in penalties) in the 1MDB scandal last year. Now she's leaving.

Cathie Wood's ARK Innovation exchange-trade fund, the main fund at Ark Investment Management, notched its second-biggest inflow ever on Friday, according to data compiled by Bloomberg.

U.S. stocks dropped after the biggest rally in nine months fueled speculation that investors are a bit too optimistic about equities. Treasuries stabilized after a recent spike in yields, and the dollar retreated. Here is your markets wrap.

Twice in the last week, the U.S. announced new sanctions. They were against Russia for what U.S. intelligence said was the Kremlin's botched effort to assassinate the arch rival of Vladimir Putin, opposition leader Alexei Navalny, and Saudi Arabia for human rights abuses including the brutal killing of Washington Post columnist Jamal Khashoggi. In the latter case, U.S. officials concluded the murder and dismemberment of the U.S. resident was perpetrated with the approval of Saudi Crown Prince Mohammed bin Salman. But in both instances, President Joe Biden has been assailed for failing to punish the two countries as much as he should. Critics are beginning to grumble about weakness.

Saudi Arabia's Crown Prince Mohammed bin Salman and Russia's President Vladimir Putin attend the G20 Leaders' Summit in Buenos Aires in 2018. 

Photographer: Alejandro Pagni/AFP

Increases in visas for highly skilled foreign workers could fall by the wayside this year if Democrats decide to overhaul immigration through a series of small bills instead of the sweeping one put forward by Biden.

Justin Trudeau was more committed to borrowing his way out of the Covid-19 crisis last year than almost any other leader in the developed world. While it cushioned the blow of the pandemic, it also raises some hard questions about what Canada got for all that spending.

Japan's government clinched a symbolic victory in their prosecution of Carlos Ghosn with the successful extradition of two Americans accused of helping the ex-chairman of Nissan Motor escape trial over a year ago.

Carlos Ghosn, former Nissan chief executive officer, at a news conference in Jounieh, Lebanon, on Sept. 29. He fled Japan for Beirut.

Photographer: Hasan Shaaban/Bloomberg

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Hulu Set to Pass ABC Network on Ad Revenue

Advertising at Walt Disney's online channels looks set to overtake the company's ABC broadcast network as marketers shift spending to more targeted audiences. Indeed, online outlets such as ESPN+, ABC.com and, ahem, Hulu will soon pass the network

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