Blame the millennials

SIGN UP     Our Lives, Engineered The Genetic Tool That Will Modify Humanity Genetic engineering, which for decades never quite lived up to its promise, is being transformed—thanks to a new technology called Crispr. Scientists can use it to manipulate the genes of any living creature with astonishing ease; just take a look for yourself in Bloomberg's new animated web series, Sooner Than You Think. Its initial applications have been to target genetic disease, modify foods, and develop new drugs. What comes next is up to us.   Today's Top Stories How the World's Largest Oil Trader Makes Billions The world of Vitol is a high-stakes mix of business and energy geopolitics conducted in some of the most difficult corners of the world. It is the ultimate energy trader. Over half a century in business, the company—which handles more than six million barrels of oil a day—has never suffered an annual loss. This is the story of how Vitol got there and its occasional stumbles along the way (including the time a deal to supply fuel to Qatari-backed Libyan rebels backfired). Brazil Is Unraveling. Here's What's Happening A corruption probe, an impeachment trial, and accusations of a coup—it's been hard to keep up with Brazil this year. Here's what you need to know about the chaos in two minutes. Business Is Bad? Blame the Millennials Everything's bigger in Texas, including hyperbole over the challenges of managing millennials. "We have a serious productivity problem with office workers and estimated that less than 50 percent of their time is spent on value-creating business activities," wrote one respondent in the Dallas Federal Reserve's monthly manufacturing outlook survey. "The younger workers are often off task, engaged on social media, on the internet, texting on phones and other unproductive activities." Tweet your opinions if you can spare the 30 seconds. How OPEC Won the Battle and Lost the War The Organization of the Petroleum Exporting Countries has faced crises before. But this current one could mark the beginning of the end for the organization. Musk Says Tesla Model 3 Owners to Pay for Superchargers Tesla's network of 632 Superchargers is free for customers of the more expensive Model S and Model X, but the company will likely charge owners of its upcoming Model 3 sedan if they want access. "Free Supercharging fundamentally has a cost," Musk said Tuesday during Tesla's annual shareholders meeting. "The obvious thing to do is decouple that from the cost of the Model 3."   Ring by Ring How the Feds Pulled Off the Biggest Insider-Trading Investigation in U.S. History For more than seven years, the U.S. government has relentlessly prosecuted Wall Street traders who used inside information to rake in hundreds of millions of dollars in profits. Federal prosecutors in New York have racked up 91 convictions and collected almost $2 billion in fines. Here's a by-the-numbers look at what happens when the Feds get serious about insider trading.         You received this message because you are subscribed to the Bloomberg Business Daily newsletter.       Unsubscribe | Bloomberg.com | Contact Us Bloomberg L.P. 731 Lexington, New York, NY, 10022

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