Saturday's News Links

[CNBC] Soaring lumber prices add $36,000 to the cost of a new home, and a fierce land grab is only making it worse

[Yahoo/Bloomberg] The Price of the Stuff That Makes Everything Is Surging

[AP] Biden’s corporate tax plan takes aim at income inequality

[Reuters] U.S. says China has fallen short on 'Phase 1' intellectual property commitments

[Reuters] China's April home prices maintain momentum, smaller cities lead growth - private survey

[Reuters] S.Korea April exports surge at sharpest pace in more than a decade

[CNBC] India’s daily Covid-19 cases pass 400,000 for first time as second wave worsens

[Bloomberg] ECB’s Weidmann Says Government Finances Mustn’t Delay Tightening

[Bloomberg] China Leverage Ratio Falls as Government Tries to Rein in Risks

[Bloomberg] Summers Sees Signs of Scarce Workers as Harbinger of Inflation

[NYT] Why a $10,000 Tax Deduction Could Hold Up Trillions in Stimulus Funds

[WSJ] Five Tech Giants Just Keep Growing

[WSJ] Elon Musk Can Pocket Another $32 Billion of Tesla Shares

[FT] Inflation tests pricing power of global brands

[FT] US tax plan ‘opens door to rest of the world’ to raise capital levies

[FT] Hedge funds confused by turns in markets

[FT] Stories from inside India’s Covid disaster: ‘No one has seen anything like this’