>> from the heart of where innovation, money, and power collide, in silicon valley and beyond, this is bloomberg technology with emily chang. ♪ emily: i am emily chang in san francisco, and this is "bloomberg technology." coming up, president biden and putin weeds in geneva, the u.s. -- meet in geneva.

the u.s. president says he warned his russian counterpart against more cyberattacks on american infrastructure. we will have the details and reaction from diplomatic and cyber experts. plus, walking into a dream, that description from the executive behind the new google store in new york that is open thursday. we will talk about the company's brick and mortar approach to selling more hardware, and how it compares to apple. and crypto is the next internet-sized opportunity for the united states. that nugget, plus many more from my interview with coinbase co-founder fred ehrsam, now running paradigm. we will show you a preview. first, the u.s. markets digesting the latest fed decision. our ed ludlow has the latest. walk us through the decision and what it means. ed: a warning from fed chair jay powell, the dots should be taken with, quote, "a grain of salt." the dot plot did show a basis point rise. the s&p 500, the main gauge of

u.s. equities, falling by the most since march, but paring some of those losses. the nasdaq 100 also pared some of the losses. amazon, tesla made pretty significant gains. the u.s. 10-year treasury yield rose eight basis points, the yield now around 1.57%. the biggest move in the yields on the closing basis in the 10 year since march 12. the bloomberg dollar spot index also seeing significant gains, the most since june of last year, closing up 0.8%. that most impact was in the belly of the yield curve, this is the yield on the u.s. five-year treasury, rising by more than 10 basis points following that fed decision. with the yield of 0.89%. this is where the market will see the biggest game packed in terms of tapering. other asset classes we are looking at, gold having an interesting drop to a four-week

low. we know the pathway for rate increases has been a topic of debate. what was interesting, where there was less pronounced moves, the crypto market. not much moving in bitcoin. we saw the bloomberg crypto index already lower for most of wednesday, not making any moves. interesting to see the interplay between traditional assets and cryptocurrencies on a day when we are going to talk about it on the show, emily. emily: absolutely. ed ludlow thank you so much for , the roundup. i want to get to the top story, president biden summit with the russian president, vladimir putin. human rights, cybersecurity, nuclear weapons, all topics that were discussed. maria tadeo has the latest from geneva. walk us through. the big takeaways so far. i know there are conflicting opinions about the progress. maria: to go into this meeting, you have to factor in the expectations going into this were very, very low.

both the u.s. and russia had said the relationship was the lowest it had been since the cold war. coming out of this meeting, the two agreed to reinstate their ambassadors. in the diplomatic world and the world of politics and in diplomatic circles, it is a sign of goodwill. and there are areas in which they could see some, ground. they also said the talks were frank and open and to some extent, it could help bridge some of those differences. you do have to factor that the expectations were very little. when you listen to the speech from vladimir putin coming out of this meeting, he was taking to the russian standard line, saying that everything we are accused of, the united states does it too. when it comes -- -- to alexei navalny the opposition to putinm he was poisoned and arrested once he went back to russia -- he said this was an internal

matter and would not go further than that. cybersecurity, which is something for the u.s. the litigation that is key, it affects some of the companies, vladimir putin said we are not responsible for this. a lot of the cyberattacks are actually helping from the u.s -- actually happening from the u.s.. the goal here was to avoid escalation in that tense relationship and to some extent, that is what we got. emily: bloomberg's maria tadeo on the ground in geneva. thank you so much for bringing the highlights to us. i want to get to someone who has experience working with russia and engaging with putin directly. i want to bring in former ambassador to russia from 2014-2017, john tefft. thank you for joining us. from what maria sighed and from what you have seen and heard about this meeting, was it a success or not?

>> it is too early to say, emily. what the president was trying to do here was establish a diplomatic framework with which to deal with the russians. the president made it clear he is pretty skeptical. he spoke candidly, he told us, as he spoke to putin. but we are not going to know, as he said, for three to six months. a carefully scripted diplomatic strategy which started last week with the g7 separate and continued through the nato summit, the e.u. meeting, and then culminated today with the hope that there would be something there. i was encouraged to see the group meeting on cyber. obviously, no guarantees there. from the statements both of the presidents made, there were some pretty tough words exchanged. that said, it was businesslike, putin called it effective,

constructive. so i think we will just have to see. it is too early to say how much success we'll have. i think there is a lot of problems that obviously exist in the relationship, based on really different views, different interests, and obviously, different values. we haven't seen putin change much, in fact, he has gotten more aggressive over the last year than he was before. so we should be skeptical and be careful and watch, but i think the president for the down as he could today what the stakes are, and opened up possibilities for doing things where we might have some mutual interest. emily: i want to talk about cyber specifically, because this is happening against the backdrop of cyberattacks that have ratcheted up in severity over especially the last six months.

we have interviewed expert after expert who have told us these attacks are coming from russia, russia is doing nothing to stop it. do you expect to see any change in the pace of those attacks, the severity of those attacks as a result of what happened today or not? mr. tefft: i think we can hope so. at one point, and the interviews that our president had after the meeting and after his own press conference, he said he made it clear to putin that the united states has cyber capabilities as well, and i think putin clearly understands that. there were no threats and president biden went out of his way to say he was not going to be threatening, but the russians understand that we have considerable cyber capabilities as well. i would like to think and hope that putin will pick up the opportunity to look at these 16 areas which biden proposed that

we put out of bounds, there is no evidence to date that we should be overly optimistic. put it that way. emily: the u.s. has cyber capabilities. does that mean our offense is at the same level as their offense? are we unleashing the same kind of attacks that the russians seem to be unleashing on u.s. infrastructure? or is there a different state of play? mr. tefft: i don't know the answer to that question. cyber capabilities are something that are carefully monitored and i am not privy to those kinds of things. what i read in the newspaper is just like what you and the viewers read in the newspapers, that we have considerable capabilities. whether we would use those kind of things during the trump , i don't know. administration, there was some use of cyber to send messages to the russians, but i have no inside knowledge of that.

emily: we are going to dive into the topic specifically with the a former state department and fbi expert later this hour. meantime, john, what do you think the main value of this meeting is? if there is progress, is this something we could see in a matter of months? is this something that will play out over years? mr. tefft: it is important that we look at this meeting as an attempt to put down a base, to put down a set of understandings, and also an effort by president biden and i'm sure putin on his side to put down clear markers. people talk a lot about headlines. but, in my experience, these summits are not just to sign agreements and are not just two, to come up with deliverables, as the state department calls them, but this is a chance for two me with their closest advisers,

to sit down and review the bidding. joe biden has not been in power since he left as vice president and a lot of things have happened. i am happy to see them sitting down and talking and communicating, hopefully setting up additional meetings. but, again, i am as skeptical and careful about making any predictions. a lot depends on putin now, but i think he understands better going back to moscow tonight, where joe biden stands on an array of issues. emily: president biden said he is realistic but also that a level of optimism was necessary and healthy. john tefft, former u.s. ambassador to russia, thank you for joining us. a u.s. lawmaker says proposed new antitrust legislation would ban apple from pre-installing apps on its devices. democratic representative david cicilline says tech companies would be prohibited from giving an advantage to their own products under his plan.

this means that apple could not ship an iphone or ipad with preinstalled apps on its ios operating system. the proposal is part of a package of bipartisan bills that would impose significant new constraints on how tech companies operate. coming up, zuck got chucked off the annual glassdoor top ceo list. why the leader of facebook did not make it for the first time in eight years. this is bloomberg. ♪

emily: for the first time since 2013, facebook's mark zuckerberg failed to make it to glassdoor's top ceo list. glassdoor hour surveyed 700 facebook employees and worker sentiment about zuckerberg had declined significantly, specifically in the last few months of 2020. could it be due to facebook's handling of the u.s. presidential election, or the pandemic? the glassdoor chief economist joins us now with more. when it comes to mark zuckerberg, andrew, what is the data telling you? andrew: it was not that long ago when mark zuckerberg was named number one on this list of top ceos, that was 2013. he dropped into the 50's and for the first time, he has dropped off the list this year. what we find is that the

relentless public scrutiny of facebook's product and algorithms, combined with the election events from the past year, and it has taken it'll. normally when a company faces bad obesity, internally, employees raised to the occasion. it often galvanizes them to fix the problem and sentiment goes up. but it has just been so relentless with facebook especially after the january 6 capital insurrection. it seems to have finally pushed mark zuckerberg off the list this year. emily: interesting. number one was rich lesser of pcg. number two, the top tech ceo on the list was adobe's ceo. what stands out about him? andrew: well, both rich lesser from boston group, and adobe,

they have 99% approval ratings. employees love them. in the case of adobe, people view him as putting employee health and safety first during the pandemic. also, it is worth noting, a bunch of the tech companies that made the list this year are platforms like slack, adobe, zoom, that have become essential during the work from home environment. so i think that has played a role as shantanu narayen has stepped out front and led the way, turning their product into an essential thing that has kept teams remotely working. not just the product. emily: microsoft, number six. not bad. tim cook, number 32, the only ceo to be on the list for all eight years. talk to us about what is important here, what workers are to venue in the data as these companies, like microsoft, apple and adobe decide their return to

work lands and workers are going through another major transition. andrew: the common themes that unite all the winners are, first, a person who embodies the company's mission and walks the talk of the company. second, they practice transparent communication, especially during times of uncertainty like this past pandemic year. third, they are accessible and visible, as their senior leaders. however, there was a fourth factor that popped up this year -- trust. many people mentioned trust, and the ceos putting employees first when they figured out how to navigate a recession and recovery. so i think those are important lessons that we can learn from many of the leaders. it is worth noting, although mark zuckerberg did not make the list this year, no other social media ceo made the list either. . i think it is a sign of turmoil in these difficult times. emily: mark zuckerberg still has

an above-average approval rating, 88%, 73% is average. but i wonder what somebody like mark zuckerberg or any of these leaders could take away from your findings, as they decide their return to work plans. is there one right way, our workers calling for more flexibility or understanding? and if there is a forced return to the office, does that mean these companies will lose people , or is there people that want to go back to the office and have that in-person interaction? andrew: these leaders we name are the best of the best according to employees. , these 100 leaders are the ones to watch to kind of figure out what the post-covid workplace is going to look like. people generally want flexibility. it is just an issue of how much flexibility is compatible with making sure teams work together and still get their jobs done. one interesting finding is many

of the ceos we named on this top board are not in new york or san francisco or chicago, they are spread out, seven in texas, four in wisconsin, three in florida and utah. if those ceos lead the way by locating outside the big metro areas, it may be a sign of the times that more flexibility, more work from home and remote work might be here to stay. emily: interesting. talent is everywhere as well. andrew chamberlayne of glassdoor fascinating to see the list , shift from year to year. thank you for bringing it to us. alphabet's waymo as veith $2 .5 billion in a recent funding round. investors -- andreessen horowitz and canada's pension plan. questions have been raised after losing six key executives since february including its cfo. coming up google wants in on , brick-and-mortar. the company cuts its first storefront ribbon on thursday,

just a few blocks from apple. we have the details next. and roblox took a tumble today. the videogame company reporting a decline in bookings in may compared to the previous month, but expect the numbers to get better in june. this is bloomberg. ♪

emily: watch out apple, well, maybe. google will open its first retail store in manhattan highlighting its effort to , promote consumer hardware devices. the store, in manhattan's trendy chelsea neighborhood, will open to the public thursday. let's bring in our technical correspondent. nico, i.b. ross, who designed this store, said it is like walking into a dream.

i suppose that depends on who's se dream you are in, but will it live up to those expectations? nico: it is certainly looking into her dream. i think a lot of consumers are used to the apple store 's aesthetic, which is stark and has a lot of glass, white, and silver. the google store, by designed to have muted and neutral tones. the furniture is made of blonde wood and cork by local artists in new york. they wanted the product to stand out, and it really feels like a social space with sofas and coffee tables and piles of books next to a speaker so customers can see what google's product might look like in their home. emily: ok. so aside from cushy sofas, what kind of google products will we find in the store, and will they

be enticing enough to buy? nico: googles software division, has been fledgling to some extent. they make a windup of phones called excel, but they are not market leaders, far from it. you can buy a lot of those things. you can also buy third-party accessories for google devices and google swag such as caps and t-shirts and dog toys, things of that nature. and if you have google products already and they need to be serviced, you can bring them to the store and google will try to fix your devices same-day, as well as exposing customers to a whole bunch of other technology in certain rooms that have various experiences. emily: will it compare to the apple store experience?

you have 30 seconds? nico: well, apple has a network, and this is just going to be a niche effort, even though it is in the middle of new york city. i think it is going to be very interesting for google fans and buyers and people who may have an open mind to it. emily: ok. the beginning of something, for sure. bloomberg's nico grant, always good to have you. thank you so much for that update. coming up more from the meeting , of the presidents, biting and poutine -- biden and putin meeting up in russia as hackers in russia have ratcheted up attacks on u.s. targets. will they ever end? that is next. this is bloomberg. ♪

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emily: welcome back to "bloomberg technology." let's get back to the markets where ed ludlow has been keeping an eye on cybersecurity stocks. ed, take it away. ed: president biden brought up the issue of cybersecurity. we also saw a pretty pronounced moves in stocks, lower after the decision, but bounced back. the cybersecurity index closing up, pushing to a fresh record high. also curious, the -- index

closing up. cybersecurity has dominated the headlines, but you don't see the same energy in equity markets. the white line is the nasdaq 100, the tech-heavy gauge. the nasdaq index has lagged. only recently in the last few days have we seen gains in the cybersecurity stocks. the question is, when does investor psychology change? if you look at flows in etfs that track cybersecurity stocks, we saw outflows in april and may, but in june so far, influence of almost $200 million. interesting. is that a sign investors are taking cybersecurity more seriously? emily: thank you. as i mentioned, cybersecurity, top of mind. one of the most controversial topics during president biden's meeting with russian president vladimir putin. president biden outlining critical infrastructure was to be, quote, "off-limits."

pres. biden: another area that we spent time on was cyber and cybersecurity. i talked about the proposition that a certain critical infrastructures should be off-limits to attack by cyber or any other means. i gave them a list. and if i am not mistaken, 16 specific entities, 16 defined as critical infrastructure under u.s. policy. from the energy sector to our water systems. emily: joining me now chris , painter, a former cyber diplomat. you worked at the doj, the fbi, the national and the state department, all on cyber. do you think that russians will act as if anything is off-limits? mr. painter: that is the real question. president biden says the proof will be in the pudding. so far, no. they have already agreed in the u.n., that critical infrastructure, countries should

not attack that in peacetime. we are in peacetime now, and yet you see these incidents of the time, both by the russian state, and also by actors in russia, cyber criminals, where they are not taking any action. it is great to agree on things but unless there is actually follow-through and accountability and consequences, i don't think we are going to see a change. emily: based on what you heard, out of this meeting, what could president putin do? what will he likely do when it comes to cyberspace? mr. painter: i think there can be some things discussed between the two. however,, i thought that perhaps president putin, i thought that there was a glimmer of hope that he might cooperate against these cyber criminals, because they are not cooperating on his behalf, at least in this case with the colonial pipeline they don't seem to have been. he could say, i'm going to crack down on them.

yet you saw in his press conference, he just denied it was happening at all and said most of the activity was coming from the u.s.. that was not a good sign. we will see what happens, we will see if he starts doing something. as you said, i was a prosecutor, and i have dealt with russia for a long time, they have never been cooperative on cybercrimes but they are responsible when these actors are operating from their territories. emily: let's talk about responsibility because colonial pipeline, jbs, who is perpetrating the attacks? if we are saying it is hackers on russian soil, how many of those attacks are actually happening on putin's orders? mr. painter: there are times when nonstate actors are operating at the kremlin's direction. there are times when there is corruption and they are turning a blind. at least the white house has said so far that these attacks were not state-sponsored, these were criminal groups.

christopher wray, director of the fbi, said there were some connections between these groups and the kremlin. imagine, this is something biden said to putin, imagine if hackers in florida were attacking the gas pipeline in russia and we said, there is nothing we can do about it -- sorry. that is unacceptable. the fact that they are criminal groups does not mean they evade responsibility. emily: president biden said the u.s. has its own cyber capabilities. of course, we run our own offense, but how does the u.s. treat russia and cyberspace? are we perpetrating attacks against them that are anything on the level of what russia seems to be doing to the united states? mr. painter: no, there is a vast difference between intelligence -gathering, which every country in the world does end will do until the end of time, and these other attacks -- election

interference in 2016 and again in this past election, the attack on merck, the giant shipping giant, we don't do that kind of activity. most recently, these criminal attacks that have taken down infrastructure in the u.s. and brought home to people how important cybersecurity is. there is a vast difference. emily: we had guests on the show who have said, ultimately, we are at cyberwar with russia because the russian government is -- in many of these cases, these attacks are either happening on putin's orders, or russia is doing nothing to stop them. would you use that word? mr. painter: i would not, i hate that word cyberwar, it is a word that movies were sometimes journalists use. -- movies, or sometimes journalists use. people are not dying, at least not yet. we are in a serious conflict. this is something where it has become a bigger issue, it has become more dependent on these technologies. so we need to take action.

it doesn't have to be called a cyberwar for us to take action. it doesn't have to be called a cyberwar to hold russia accountable into work with other countries to both pressure them, and if they don't cooperate, take diplomatic or even cyber actions to make sure they are not doing these things. emily: we just spoke to the former ambassador to russia, who says putin has not changed much, if anything he has gotten worse. what is the biggest threat that you see? what is the worst case scenario in terms of how cyber relations could turn? mr. painter: putin will only do things if it is in his interest. so right now, it has been in his interest, a, election interference, obviously. but even all of these criminal groups, even if not operating at the kremlin's direction, are causing chaos in the west, undermining democracy. that it serves his goal to destabilize the west. the worst case scenario is he

continues and does it unchecked, and steps up his game and other countries who are waiting on the wind to see how the u.s. responds. we need to be strong about this, i think within do that. we can make clear that this kind of activity is not something we are going to allow to happen but it is going to be a long road. emily: alright, is realistic, with some optimism thrown in. chris painter, global commission president, thank you for joining us and for your perspective. coming up counting down to the , tokyo olympics, a look at how technology will keep athletes safe in the wake of a global pandemic. this is bloomberg. ♪

emily: general motors is raising the stakes in the electric car race. raising its investment in the future technology for the second time in eight months, with plans to spend $35 billion on 30 plug-in cars by 2025 and four battery plants. gm says it will lift its first-half adjusted earnings to as much as 9.5 million dollars. japan is pressing ahead with plans to hold the olympic games next month despite tokyo cases rising per day. we look at how technology will be used in the capital to keep athletes at the olympics safe. >> it is the content of the olympics. i am kurumi mori in tokyo. here is what you need to know. we are five weeks away from the biggest staging of the world's

biggest multi sport event in the midst of a pandemic. prime minister yoshihide suga, gained support from g7 leaders, including president biden to host the olympics next month. >> [speaking japanese] kurumi: the final communique mentions support for holding the games in a safe manner as a symbol of global unity. in overcoming covid-19. after a year-long delay, health and safety remain top of mind. the international olympic committee has released a series of so-called playbooks that cover protocols for those involved, including athletes officials, press members, and , sports federations. and we just got the third and

final 70-page edition. here is the latest. we know athletes and members of the media whose movements will be restricted will be under gps monitoring for the first 14 days of their stay in japan, via a smartphone app. on top of the expected mask-wearing, physical distancing and testing, we have details on how officials plan to enforce the playbook rules. athletes and officials will be assigned covid-19 liaison officers who will help with implementing countermeasures, and there will be a disciplinary commission, sanctions possible, although no specific amount has -- there will be a disciplinary commission. warnings disqualifications, and , financial sanctions possible, although no specific amount has been provided. olympians could be kicked out of japan for violating the rules. here is what we are looking to next. what will happen to tokyo's state of emergency? it is said to be lifted later this month but cap government

is considering placing tokyo under a quasi-state of emergency . this could impact the decision on whether or not domestic spectators will be allowed to attend the games and in what capacity. that is it for now. i am kurumi mori in tokyo. emily: will be watching tokyo. coming up, on the latest edition of "studio 1.0," i sit down with fred ehrsam, cofounder of coinbase, one of the earliest crypto adopters who is betting on the future of crypto actors in a venture-capital firm. how he believes it could change the world but might leave the u.s. behind. as we had to break, jessica alba's honest company released its first earnings report since going public. first-quarter sales beating estimates, but the company did not offer any outlook on performance going forward. shares have risen 10%. this is bloomberg. ♪ this is bloomberg. ♪

emily: it has been a wild ride in crypto over the last few months, but the earliest crypto investors are the ones who have seen the highest highs and lowest lows.

in the latest edition of bloomberg's studio 1.0," at up with fred ehrsam, coinbase co-founder, who got in at bitcoin almost at the beginning. he has since founded the venture capital firm paradigm. here is part of that interview. he talks about how china may be the biggest crypto threat the united states. fred: crypto is its own rabbit hole, and like any new powerful technology, it is extremely powerful because it reimagines very important systems that run the road today from the ground up -- run the world today from the ground up. most people primarily think about crypto as a new digital money. especially with bitcoin as a store of value, where we have seen bitcoin go from zero to $1 trillion over the last capital years. but crypto goes deeper than that. we think about crypto at paradigm, the investment firm i

have started along with matt huang, in three stages today, and of course this model will evolve over time. the first is a new digital money, the second is a new financial system, and the third is a broad internet application platform. so, in our minds, crypto isn't just kind of this new digital money or new digital gold, it is a whole new financial system that we are seeing being built from the ground up by talented entrepreneurs all around the world, and while it is extremely early on the third frontier, we think that over the course of decades, a lot of internet applications we are all using will also be crypto-based. emily: you now run a crypto-focused investment firm called paradigm. how is the crypto-style of venture capital different from traditional venture capital? fred: yeah. i think in a few ways.

just to talk about why we started paradigm in the first place, myself and matt huang, previously partner at sequoia, focused on running their crypto efforts, we realized a couple of things. one, crypto is a whole new field that needs 100% forecast. the court question matt and i asked ourselves when starting the firm is, is there anybody out there who, if we were building a business -- and matt was a former y combinator startup founder, and i actually started coinbase -- who would we want to have as our first backers? we could not come up with a good answer. the last is i think the expertise required both on a team and operationally in crypto is very different. we are trying to build a firm

from an engineering and entrepreneurial point of view to best support these crypto-native companies and protocols. emily: there crypto vc landscape is getting more competitive. where are you placing your bets? how do you stay ahead of the curve? fred: we are excited about a number of fronts. now that crypto has grown, they are all sorts of basic infrastructure businesses being developed to support that ecosystem. they include exchanges, also custodians, tax providers, ky caml providers, lenders, crypto back-end as a service, all sorts of these businesses. a second big frontier, as we talked about before, is de-fi, financial building blocks being built out. and today, support around 75

billion dollars in user assets, up from effectively zero a couple of years ago. this is the bleeding edge of what we see as a whole set of native applications. emily: i want to talk about regulation, because the u.s. government has yet to take a stand on crypto but president biden's ftc has made it clear that some sort of stand is coming. what regulation do you expect? fred: i think the u.s. is at an important crossroads with crypto today. the u.s. is blessed with the best currency and the world's reserve currency today. it also tends to be the de facto financial regulator for a whole bunch of the world. we also have a history of being the strongest technology country in the world, if you look at the most valuable companies in the world today, most of them are american technology companies, the googles, the microsofts, the

facebooks. i do think crypto is a nuanced issue, and that it is possible the u.s. get crypto wrong. today you have a lot of regulators whose job it is to mitigate risk and keep us safe, and that is very appropriate. at the same time, i think crypto is the next internet-sized opportunity for the united states. i think it has the potential to create as many if not more jobs on the internet -- than the internet, similar economic growth. it has the potential to square the circle on the privacy internet issues that we have been talking about with tech companies for the last 10 years, namely, we could use these technologies to continue to own our own data while still getting all the benefits of the internet platforms that we know and love today. emily: china is taking a stand

on crypto and that is where most of the mining is happening. do you have concerns that china is going to beat the u.s. in crypto, and that is kind of a big deal? fred: frankly, yes. it is on multiple fronts. one is, there are government programs to explicitly build using crypto. this is true both with their jcp gcep making a digital renminbi. it is also true of the local governments you are trying to use blockchain technology. to your point, historically, most crypto mining has been in china. recently, there was actually a government crackdown in china on mining, often times because energy was being siphoned from the chinese grid that may or may not have been kosher. so i think there is actually a huge moment of opportunity today for miners in the united states or globally, to step in and, on the crypto side, to make it more

decentralized. and then if you want to view it from a nation-state point of view, to make sure no single countries in control. emily: coinbase co-founder fred ehrsam there. we have the full length of that interview airing tonight on the latest edition of "bloomberg studio 1.0" on bloomberg television. he will talk about the world ride that was and is possibly to come. now to a few other stories, moderna says the united states will buy 200 million more doses of its covid-19 vaccine, and that will bring the total amount of shots ordered by the u.s. government to 500 million. the agreement includes the potential for buying other covid vaccines currently being tested, including booster shots. the company says that doses will be delivered later this year and in 2022. and antibody cocktail made by regeneron is showing promise. according to a study by the university of oxford research

team, the therapy reduced the risk of death among hospitalized covid patients by 20%. patients who got it also spent four days less in-hospital on average. regeneron says the benefit is only for people whose bodies don't naturally produce antibodies. finally, google has won a deal to provide french luxury company lvmh with artificial intelligence solutions. the aim is to personalize experiences for customers and faster long-term growth. google will also work with their individual brand to help them recommend products to targeted clients. that does it for this edition of "bloomberg technology." make sure to tune in tomorrow, my colleague will be speaking with bank of america ceo brian moynihan. you don't want to miss that. and, of course, catch "studio 1.0" tonight. this is bloomberg. ♪

>> the following is a paid program. the opinions and views expressed do not reflect those of bloomberg lp, its affiliates, or its employees. ♪ >> the following is a paid presentation furnished by rare collectibles tv llc. the morgan silver dollar is without a doubt the most iconic coin in united states numismatic history. designed by george p morgan, the silver dollar series was minted 1878 to 1904, and again in 1921.