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November 15, 2020

Welcome to this edition of The Reader, a weekly roundup of our stories and insights.

What does a Biden administration mean for business? Here's what we know.

• The President-elect thinks the middle class and working class should get more, and the wealthy should get less.
• He has assembled a cadre of economic advisers whom he knows and trusts.
• He favors a larger stimulus package, like the one put forward by House Democrats.
• It’s unlikely he’ll bring the U.S.-China trade war to a quick end.

Read on for more about Biden's economic inclinations.

Clifton Leaf

Editor-in-chief, Fortune

MUST READ

What a Biden administration means for business

Only in 2020 would CEOs welcome a new President who promises to raise their taxes, intensify business regulation, and massively empower labor unions. 

BY GEOFF COLVIN

NOVEMBER 7, 2020

MUST WATCH

Dwyane Wade’s financial advice to the 2020 draft class

And how he handled his first big contract.

Here's a peek at Fortune Analytics, our exclusive newsletter for Premium subscribers that brings you weekly business insights based on timely data analysis by our editorial team and exclusive polling. 

This week, we polled more than 2,098 U.S. adults between November 9 and 10 on how they feel about Walmart+, Walmart's new subscription service. 

The big picture:

• Walmart+ could be a big success—but not yet. Around 1 in 30 households subscribe to the service, compared to 2 in 3 households who have Amazon Prime. At its current pace, Walmart+ would take years before it could be in the ball park of Amazon Prime's subscriber count. The good news for Walmart? Around 1 in 4 U.S. adults say they're likely to subscribe to Walmart+. 

To get the full briefing, consider becoming a Fortune Premium subscriber. You'll also get access to all of our stories on the web and in print.

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More essential reads

• Why a Biden presidency won’t end the U.S.-China trade war by Eamon Barrett
• What a Biden-Harris administration means for artificial intelligence by Jonathan Vanian
• Why so many valuable startups seem like the dumbest idea at first by Lucinda Shen
• Hackers are trying to disrupt and steal COVID-19 vaccine research by Aaron Pressman
  

From the archives

“Biden cuts right down the middle on income inequality, an issue that, according to a recent Brookings Institution study, is important to 90% of Democrats, second only to energy on the list of topics they want candidates to talk about. Biden isn’t as strident about using government to fix income inequality as Sanders is, but he isn’t perceived as being as tight with the big banks and other “one-percenters” as Clinton is.”

—Joe Biden could be just what Democrats need, especially on the economy by Ben Geier, August 2015

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