When a young leader's big year goes sour

[Balance of Power]( From [Bloomberg Politics]( [FOLLOW US [Facebook Share]]( [Twitter Share]( [SUBSCRIBE [Subscribe]](  We’re only in late April, but already Mohammed bin Salman’s [banner year is unraveling](. After a failed boycott of neighboring Qatar, a [disastrous military campaign]( in Yemen and international condemnation over the gruesome murder of columnist Jamal Khashoggi by Saudi agents, this was going to be a time for MBS, as the Saudi Crown Prince is known, to regroup. He’s pushed hard on economic reforms to [wean Saudi Arabia]( off its dependence on oil. He’s taken steps to show the country as [more open and tolerant,]( encouraging tourism and giving greater rights to women. He’s the host of the Group of 20 nations, ready to welcome fellow leaders to Riyadh in November. Now, as [Donna Abu-Nasr]( writes, he’s been hit by the [double whammy]( of a devastating oil price war and the economic destruction of the coronavirus, which has seen global tourism grind to a halt alongside the influx of much-needed foreign labor. Prince Mohammed’s transformation effort was already faltering. But now he faces some [tough choices]( about which projects at home and which forays overseas he can realistically afford. There are signs the kingdom is taking less of a hard line on regional foes Iran and Qatar, while it announced a cease-fire in Yemen earlier this month. It’s notable also that King Salman bin Abdulaziz, who represents a more cautious and stable generation of Saudi leaders, has been more visible of late. Right now his son needs all the help he can get. — [Rosalind Mathieson]( An employee looks out over the Natural Gas Liquids facility in Saudi Aramco's Shaybah oilfield. Photographer: Simon Dawson/Bloomberg Global Headlines [Food supply]( | As coronavirus cases in the U.S. [passed]( the 1-million mark, President Donald Trump signed an executive order that compels slaughterhouses to stay open, setting up a showdown between companies that produce America’s meat and the unions and activists who want to protect workers. The government will provide additional protective gear for employees, [Jennifer Jacobs]( and [Lydia Mulvany]( report. - The first round of aid to small businesses [was a boon]( to rural states that backed Trump but haven’t been hit as hard by the pandemic as Democratic strongholds on the coasts. [Wooing the base]( | Joe Biden is trying to win over progressives by courting the movement’s leaders and backing their calls for significant increases in pandemic relief. But the presumptive Democratic presidential nominee faces an uphill fight to convince skeptics on the left he won’t abandon working people in favor of Wall Street. [Political science]( | Boris Johnson’s most powerful political aide pressed the U.K.’s independent scientific advisers to recommend lockdown steps in a bid to tackle the coronavirus. [Alex Morales]( and [Suzi Ring]( report that Dominic Cummings played more than a bystander’s role at a key meeting on March 18 on social distancing options, which could cast doubt on the government’s assurances it has simply followed scientific advice throughout. - The U.K. government is [around three weeks]( out from releasing the tool it says is essential to easing the lockdown, a sign restrictions are set to largely continue until at least the second half of May. [Double trouble]( | The virus crisis is a fiscal test for governments on both sides of the Atlantic as they grapple with how to assist their hardest-hit members without being dragged down by them. The geography and political systems may differ, but the problem for the European Union and U.S. is the same: Both have central powers that want to avoid getting on the hook for the debts of under performers. - [Read how]( the smoke and mirrors of the EU budget math may not cut it after the virus. [Power play]( | Liquor is the latest battleground in the tug-of-war between India’s states and Prime Minister Narendra Modi’s government. A well-known teetotaler, Modi banned alcohol sales during the virus lockdown, blocking a crucial source of direct tax income for states already struggling to ramp up health infrastructure and provide food to millions left jobless. As [Archana Chaudhary]( reports, it’s another bid by Modi to shift power away from the states. Customers on social distancing markers outside a liquor shop in Chennai on March 21. Photographer: Arun Sankar/AFP via Getty Images What to Watch - China will hold its highest-profile annual political meeting, [where it usually announces]( growth and defense spending targets, from May 22, [after it was postponed]( for the first time in decades due to the pandemic. - South Korea’s military and spy agencies believe Kim Jong Un is handling state affairs “normally,” after weeks [of speculation]( on the North Korean leader’s health. - Australia’s call for an [independent probe]( into the origins of the coronavirus is heightening tensions with Beijing, worrying businesses in the world’s most China-dependent developed economy. Tell us how we’re doing or what we’re missing at [balancepower@bloomberg.net](bbg://screens/MSG%20balancepower%40bloomberg.net). [And finally]( ... Photographs of hundreds of tattooed Salvadoran prisoners in their underwear crowded onto the cement floor in a forced embrace looked like they’d been sneaked out. Not so, [Michael McDonald]( reports. They came from President Nayib Bukele’s office as he announced a state of emergency in the prisons in the latest show of his take-total-charge style. Inmates are lined up during a security operation under the watch of police at Izalco prison on April 25. Source: El Salvador presidential press office via AP Photo   You received this message because you are subscribed to the Bloomberg Politics newsletter Balance of Power. You can tell your friends to [sign up here](.  [Unsubscribe]( | [Bloomberg.com]( | [Contact Us]( Bloomberg L.P. 731 Lexington, New York, NY, 10022