| The new king of meme stocks is AMC Entertainment. Recently on the brink of bankruptcy, the movie theater chain’s stock is up more than 2,000% this year after another roller-coaster ride of a week. One hedge fund dumped its shares, calling the Reddit favorite “overvalued.” But the boom continued and the company issued more shares and even offered day traders free popcorn (though there’s little reason to see a movie this weekend). This latest retail trade phenomenon is starting to look more like an obsession. What you’ll want to read this weekendFor Wall Street, the return of interns marks the start of a back-to-office summer. But some employees are quitting instead of giving up working from home. One Stanford University economist fears remote work will result in women missing out on promotions. Summer camps in the U.S. are reopening to a stampede of stressed-out parents rushing to unload their kids. In China, despite the gathering pace of vaccinations, it just can’t reopen its economy like the U.S. And the world’s best hope for ending the pandemic remains the same as ever: more doses for the developing world. In almost every way measurable, millennials in the U.S. are doing worse financially than the generations that came before them. Meanwhile a surge in early retirement has exacerbated inequality among Baby Boomers. United Airlines is betting on supersonic jets that fly from Tokyo to San Francisco in six hours while Boeing plans to test whether blasts of air can prevent viruses from circulating in cabins. Expect to see a new fleet of Lyft’s e-bikes in San Francisco soon. For anyone planning a Grand European Tour this summer—assuming the trans-Atlantic corridor reopens—consider the delights of overnight sleeper trains. And Bloomberg explains how La Dolce Vita is returning to the Eternal City. Rome Photographer: joe daniel price/Moment RF What you’ll need to know next weekPeruvians pick a president while Mexicans also head to the polls. Germany’s poorest state holds an election, with the far right gaining. U.S. inflation figures will be analyzed by investors and the Fed. Apple holds its annual developers conference. The Epsom Derby will be sponsored by a used-car platform.What you’ll want to read in Bloomberg WealthBig Tech is flocking to Austin. Big Finance is expanding in Dallas. Houston, ground zero of the U.S. energy industry (below), is diversifying away from Big Oil. In the post-pandemic economy, Texas is rising, welcoming a rush of talented, wealthy people from California, New York and Illinois with the lure of lower taxes, luxury suburbs and opportunities to invest their cash— even as hard right state lawmakers fear their potential progressive politics. Like getting Weekend Reading? Subscribe to Bloomberg.com for unlimited access to trusted, data-driven journalism and gain expert analysis from exclusive subscriber-only newsletters. The Bloomberg Deals Summit: Join top CEOs and the biggest dealmakers on June 8 as they share their insights into the historic boom, and how long they think it will last. Topics will include how to do a megadeal and choosing between an IPO, direct listing or SPAC. Register for the virtual summit here. Download the Bloomberg app: It’s available for iOS and Android. Before it’s here, it’s on the Bloomberg Terminal. Find out more about how the Terminal delivers information and analysis that financial professionals can’t find anywhere else. Learn more. | 