we actually had pressure for jd.com, for tencent. beijing also wants to create an entity to oversee internet data. not to mention they are going to start curbing market concentration in online payments. we have already seen it with ant group. tencent has been warned as well. we are watching those developments closely. caroline: you certainly well be when you take to the helm. you do not want to miss her programming. it will be plenty more on this story i am sure. two south korean ev battery makers ended their trade secret spat. saving thousands of jobs in the state of georgia. the new controversial voting law. this is bloomberg. ♪ >> for our bloomberg tv and worldwide, we are joined by a special guest right now. there is a big drama being played out in the state of georgia about whether a major battery plant would come to pass or not. esther jon ossoff, the senator from georgia was brought in. he got the deal done and we are in -- we are delighted him -- delighted to welcome him. i have to congratulate you. there was a lot of -- a lot at sta

china has become a tech heavy weight in no small part by the success of companies like by do and tencent beijing has also invest it substantially in the collection and analysis of big data with potentially huge ramifications for society china aims to be the global leader in artificial intelligence by 2030 but the united states wants to stop china and joe biden is ready to spend big on making it happen. now to some of the other global business stories making news. new claims for unemployment benefits in the united states rose to $744000.00 last week exceeding economists' expectations it was the 2nd straight increase analysts still expect the labor market to make a recovery this year as vaccinations tame the corona virus outbreak and government stimulus helps the economy gain momentum. general motors is extending production cuts out some of its north american. jew to an ongoing chip shortage the u.s. carmakers says the shortage shortage could shave up to $2000000000.00 off the profit is here a lot of chip supplies has boiled the global automotive industry. h. and d. global the owner of the nokia b

tencent -- rishaad: we've got other lines with the beijing reaction to this unofficial visit by u.s. itself. the taiwan president meeting three people. china saying this will not change the fact that taiwan is part of china. this is bloomberg. ♪ na. this is bloomberg. ♪ so you're a small business, or a big one. you were thriving, but then... oh. ah. okay. plan, pivot. how do you bounce back? you don't, you bounce forward, with serious and reliable internet. powered by the largest gig speed network in america. but is it secure? sure it's secure. and even if the power goes down, your connection doesn't. so how do i do this? you don't do this. we do this, together. bounce forward, with comcast business. caroline: i am caroline hyde in for emily chang and this is "bloomberg technology." u.s. officials pause the j&j vaccine after six women develop rare blood clotting. plus, we are getting a coinbase direct listing reference price set at $250. that price, ahead of its debut.

beijing has opposed wide-ranging restrictions. 13 chinese companies including tencent.summoned to a meeting with the pboc and other regulators. in a statement, the companies must restructure to allow for more rigorous visions including stricter complaints -- complaints. sources say japan is prepared to back president biden's proposal. the white house approved 100 of the world's biggest companies in the countries where they sell their goods and services. the taxes will boost government revenue at a time where tokyo is concerned about its national debt. global agreement on a plan within a year. united kingdom might add the u.s. to his list of clean countries as part of its reopening quarters. it says progress and vaccinations in both countries is driving the possibility. singapore, australia, hong kong and parts of the caribbean are also be considered. global news 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. i am vonnie quinn. this is bloomberg. shery: a huge gap in vaccine access and

beijing cracking down on china tech, especially jack ma's empire. there are fears it might go beyond that and engulf others like tencent, still, it is in a very strongition to keep investing. analysts have said it is a good time to do it, expanding aggressively into these other areas like online groceries and community fighting -- community fighting. it shows there is an appetite for this, it was well-received by investors as well. the books were well covered, price close to the high-end. that suggests pretty strong demand from investors. rishaad: thank you very much. one chinese ev maker says it is confident on building record sales. the founder and chairman believes that the company's family sedan model will drive exclusive growth when released later this year. he spoke inclusively with tom mackenzie at the shanghai auto show. >> i think the ev market this year, especially the smart ev's will see huge growth. i believe the smart ev sector will post double-digit growth, and i expect to see the high-end smart ev's depressed significantly, and that is what we are working towards. tom: you had record first quarter sales. do you see that momentum conti

tencent, communist-backed company, one of china's largest tech firms and dropped nba games in 2019 after the former houston rockets general manager showed support for democratic activist protesting against beijingked crack-down in hong kong. >> major league baseball, they don't want to go in georgia which has a pretty expansive early voting rules, now mandatory weakens thanks to this law but happy to do business in china which regularly persecutes people. christina: mlb is headquartered in new york, a state that has fewer early voting days than allowed in georgia. new laws expanding early voting and shortens time for runoff elections and has new guidelines for mail-in voting. critics call the new rules voter suppression. major businesses like coke and delta condemning them meantime supporters of gop-backed legislation say laws are fair and will help improve voter confidence. despite the controversy, people on both sides of the i'll agree that pulling the all-star game out of atlanta is going to have a huge financial impact on local businesses. >> it's devastating. it's devastating to the city and devastating to many businesses, mine included. it seems very unnecessary, very punitive and counter