Six states, including Texas and Florida, will be Win seats in the US House of Representatives when Congressional districts are redrawn this year amid new census data that underscores the growing political influence of states in the South and West and the dwindling influence of states in the Northeast and Midwest.
The Census Bureau was released on Monday 2020 census Data shows the U.S. population rose to 331,449,281 in 2020, a 7.4 percent increase since 2010 when the previous census was taken.
The data showed how fast some parts of the country have grown over the past decade compared to others. According to the Census Bureau, the population in the south grew 10.2 percent from 2010 to 2010, compared with 9.2 percent in the west, 4.1 percent in the northeast, and 3.1 percent in the midwest.
The numbers apply political importance because they will be used to reassign the 435 congressional districts ahead of next year’s midterm elections. Democrats control the house by just six seats.
The Census Bureau said Texas will get two seats in the house due to population shifts; Colorado, Florida, Montana, North Carolina, and Oregon each receive one; and seven states – California, Illinois, Michigan, New York, Ohio, Pennsylvania, and West Virginia – will lose one each.
The White House announced that the US become Divide up to 60m cans of the Oxford / AstraZeneca Covid-19 vaccine with other countries. The demand is likely to be high India, Where Security guards were called in to tackle a devastating second wave of coronavirus Manufacturing problems In the USA, shipping is likely to be delayed by several weeks.
The EU and US are in talks about a Passport scheme that would encourage summer tourism by vaccinated American travelers.
Novartis warned against one worrying delay for cancer diagnoses due to the coronavirus pandemic. The Swiss drug maker missed its earnings and sales expectations in the first quarter as the pandemic weighed on demand for drugs to treat breast cancer, skin and eye diseases.
The speed at which Covid-19 has overwhelmed India Health systems raised the alarm about a new variant. The FT view is that supporting India is not just a moral imperative, but a matter of self-interest. prime minister Narendra Modi pays the price for declaring victory too early, writes Gideon Rachman.
Employers face a wave of post-pandemic litigation as attorneys predict a surge in pandemic protection and discrimination claims. writes Patti Waldmeir. Follow the latest information on our Live blog and Log In for our Coronavirus Business Update Newsletter.
In the news
The White House is preparing for tax hikes Joe Biden’s top economic advisor said there was “no proofThis hike in capital gains taxes would hurt long-term investment as the White House seeks to impose higher taxes on the richest Americans. Can Biden change the US economy with long-term investments while combating climate change and reducing income and racial inequalities? This is the first in a series for the first 100 days the US President is in office.
The governor of California faces a recall election California Governor Gavin Newsom will face one Call back the election this year as frustration mounts with Democrats’ handling of the coronavirus pandemic. The California Secretary of State said Monday that he had checked enough signatures on a petition to force only the second recall in the history of the most populous US state.
Nomura posted a loss of $ 2.9 billion on Archegos Nomura said it Total loss Due to the implosion of Archegos Capital, the family office run by the trader Bill Hwangwill reach nearly $ 2.9 billion. The success contributed to the Japanese bank posting a quarterly loss of USD 1.4 billion, the largest since the global financial crisis of 2008. Now Swiss bank UBS also announced today that it had lost $ 774 million from business related to Hwang.
EU charges Apple EU competition leader Margrethe Vestager will be public this week Issue fees against tech giant Apple over concerns that its rules for developers in its app store violate EU law. The move follows a complaint from the music streaming app Spotify.
Ten months after Apple’s promise “Extended data protection functions” for iPhones have made the changes finally arrived with iOS 14.5. The software update that could change the way apps make money has caused anger among some developers.
Maersk doubles its profit forecast Shares in AP Moller-Maersk have increased as the world’s largest container shipping group nearly doubled its profit forecast for 2021. The updated forecast reflects the disruption and rising prices caused by the closure of the Suez Canal. Maersk predicts the impact will be felt for most of this year.
HSBC earnings up 79% Bank HSBC announced that net income increased in the first quarter 79 percent As the reserves for bad loans dwindled and the economic outlook improved more than a year after the coronavirus pandemic began, the income from low interest rates was partially offset.
BP beats forecasts Forecast-beat First quarter results from BP put the oil company on track to resume share buybacks. The British energy major posted a profit of $ 2.6 billion in the first three months of 2021, up from $ 791 million a year earlier, well above the consensus forecast of $ 1.6 billion.
Chinese fundraising in the US hits record Funds raised by Chinese corporations in the US stock markets rose 440 percent For the first few months of 2021, the allure of sky-high Wall Street ratings outweighed the risk of forced breastfeeding under a U.S. auditing law.
The day ahead
other companies Release result: 3M, Advanced Micro Devices, Amgen, Centene, Ecolab, Eli Lilly, Fiserv, General Electric, Illumina, Marsh and McLennan companies, Mondelez International, Roper Industries, Sherwin-Williams, Starbucks, Stryker, Texas Instruments, UPS, Vale , Visa, Waste Management, Focusrite and PZ Cussons.
Fed meets The Federal Reserve begins a two day political meeting in the middle of one accelerate quickly economic recovery. The US will also release consumer confidence data for April.
Vote on the Brexit trade agreement The European Parliament will vote on the ratification of the December Brexit trade agreement between the UK and the EU Tuesday.
The global boardroom
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What else are we reading?
Can prosecutors turn Donald Trump’s “eyes and ears” around? Given the dangers on multiple fronts, the legal question that haunts the former president is whether Allen Weisselberg, the Trump organization’s chief financial officer, will betray the family to whom he dedicated his adult life.
AI at work isn’t always smart Discouraged by the thought of losing employee visibility during Covid-19, some employers panicked and bought software to monitor them. Many of them claim to use artificial intelligence to measure productivity. Such technology is not always bad only when it is stupid – which is often the case writes Sarah O’Connor.
Chile’s critical test A multitude of little-known candidates has created uncertainty Elections next month for a constitutional assembly that will replace the charter stemming from the military dictatorship of Augusto Pinochet. President Sebastián Piñera, who will step down next year, has seen an earthquake, riot and Covid-19 but wants to be remembered Laying the foundation stone for prosperity. Check out the new FT for more stories about Chile Invest in Chile Special report.
How to fix the real estate crisis One FT Interviewing young people from Hong Kong to London found housing costs to be one of their greatest concerns. The main topic is that inadequate care, including affordable housing. The shift from occupational pensions to individualism and insecurity from defined contribution systems also comes at a price for the youth.
Anatomy of a hedge fund hack The FT put it together Details of how an attack unfolded on a London-based private investor working with smaller financial firms across Europe and how a separate phishing attack forced the liquidation of the main fund owned by Levitas Capital, a Sydney-based company aged 75 Million USD, operating assets under management.
Play with Armageddon The Cuban Missile Crisis has been dissected many times. But loud Critic Victor Sebestyen, Serhii Plokhy Nuclear folly is arguably “the most authoritative and skilful” account of the “bad decisions and the gathering of worse information” that brought the world to the brink of disaster in late 1962.
Meet our journalists: Christine Zhang
Christine Zhang is a data reporter for the FT in New York. She reports on US news using data analysis, graphs and statistics from the FT visual and data journalism team.
What is a story that you are particularly interested in right now? After a year of data journalism dominated the headlinesI’ve been thinking more and more about all the things that data doesn’t show – especially the communities where data is often obscured. An example that is close to my heart is outlined in my last piece about the invisibility of the data of Asian Americans.
What’s your favorite newsletter? I’m far from a sports lover, but I read a lot Scoreboard to learn more about the business perspective of sport (plus sports analytics can have some amazing data and graphs). Login here Scoreboard received on Saturdays.
What movie did you see recently that you would recommend? Coded preload, an introduction to the way algorithms used in everyday life can perpetuate longstanding social inequalities.
And the best book you’ve read this year? The hidden girl and other stories, a collection of science fiction short stories by Ken Liu. Check out Liu’s amazing writing Ghost days and Seven birthdays, both presented in the book.