Beijing and Washington have finally found something they agree on—neither likes Chinese companies going public in the U.S. After cracking down on ride-hailing company Didi, Chinese regulators are planning rule changes that would allow them to block future overseas listings. The message seems clear that Beijing wants to control big data, among other things. The move also provides investors with another reminder about the perils of doing business in the world’s second-largest economy. Collateral damage for this latest market intervention? The global model of venture capital investing, Shuli Ren writes in Bloomberg Opinion.

What you’ll want to read this weekend

President Joe Biden is pushing for wider competition across the U.S. economy in an attempt to combat higher prices in the technology and pharmaceutical industries. For some Americans with toddlers, inflation has already begun—at home.

Families that were already struggling during the pandemic face a heavier burden as inflation makes unavoidable expenses costlier. Richard Dixson, like many guardians and parents of young children, is relying on banks for assistance.

Photographer: Chase Castor/Bloomberg

The White House isn’t quite ready to lift Covid-19 travel bans, even though some European countries have cleared American tourists. The Biden administration lost its bid for a July 4 target of 70% vaccination thanks to right-wing areas of the country that are refusing shots.

Finance job openings in London have almost tripled from a year ago. As banks move to make life easier for burned out employees, Cantor Fitzgerald’s boss is unapologetic about conditions on Wall Street.

Bloomberg Green tracked the life and death of a bear in the Pyrenees, and explains its significance for the climate crisis. In Africa, a giant dam is messing up the Blue Nile, imperiling water access for tens of millions of people.

The French village of Les in the Pyrenees

Photographer: Angel Garcia/Bloomberg

Sorry New York, the best pizza in America is in Portland, Oregon. And if this perfect summer salad can’t cool you down, try an ice cream burger.

What you’ll need to know next week

• Richard Branson is to fly into space Sunday—before Jeff Bezos..
• Elon Musk will testify in a trial over the SolarCity acquisition.
• JPMorgan and Goldman Sachs lead Wall Street’s earnings parade.
• Angela Merkel makes her first visit to Biden’s White House.
• The Chicago Auto Show gives a boost to the convention business.

Sponsored Content The highest living penthouse in Europe  Penthouse in Federation Tower is a unique property for sale in Moscow, Russia. Penthouse located on the 95-97th floors covered with a glass dome. It will be a new starting point for a person who has reached all imaginable heights. Federation Tower is the best complex in the world.  Worthy of your status.  Sotheby's International Realty

What you’ll want to read in Businessweek

Pump-and-Dump Schemes Go Crazy on Crypto

Billions of dollars are being stolen annually through a variety of cryptocurrency scams. Some digital wolves among the sheep work alone, others in packs—and almost all with aliases. And the way things are going, it’s only going to get worse.

Photographer: Jordan Speer

Photographer: Jordan Speer

Like getting Weekend Reading? Subscribe to Bloomberg.com for unlimited access to trusted, data-driven journalism and gain expert analysis from exclusive subscriber-only newsletters.

Invest Talks: A Conversation with Marc Rowan. On July 15, Bloomberg speaks with Apollo Global Management Chief Executive Officer Marc Rowan. He’ll share his vision for the Wall Street giant while expanding on its aspirations to push into new markets. Rowan will also discuss Apollo’s influential role in shaping the alternative and mainstream investment landscape. Register here.

Download the Bloomberg app: It’s available for iOS and Android.

Before it’s here, it’s on the Bloomberg Terminal. Find out more about how the Terminal delivers information and analysis that financial professionals can’t find anywhere else. Learn more.