Saturday's News Links

[Reuters] U.S. diplomat Sherman to stress need for 'guardrails and parameters' in China talks

[CNBC] Covid cases are rising again in all 50 states across U.S. as delta variant tightens its grip

[Reuters] Global supply chains buckle as virus variant and disasters strike

[Yahoo/Bloomberg] World’s Food Supplies Get Slammed by Drought, Floods and Frost

[Politico] Crypto-based ‘shadow financial market’ spooks regulators

[Yahoo/Bloomberg] China Bans For-Profit Investment in Tutoring Firms

[CNBC] China orders Tencent to give up exclusive music licensing rights as crackdown continues

[AP] Wildfires blasting through West draw states to lend support

[Reuters] Heavy rain in India triggers floods, landslides; at least 125 dead

[Reuters] U.S. mulls crackdown on Chinese imports of Iranian oil

[NYT] Biden’s Antitrust Team Signals a Big Swing at Corporate Titans

[WSJ] Florida Leads U.S. in Covid-19 Cases as Hospitalizations Surge

[FT] The horror scenario lurking in the plumbing of finance

[FT] Big investors stick with bets against bonds after painful run

[FT] Timeline of temperature extremes reveals global pattern of record highs

[FT] Extreme weather takes climate change models ‘off the scale’

[FT] Hangover strikes Wall Street after ‘epic’ Spac party