Drivers and carmakers, brace yourselves

[Bloomberg]( Follow Us [Get the newsletter]( Paid Post The power of PayPal online, now in person. Give your small business an easy way to accept touch-free, in-person payments. Create a unique QR code with the PayPal app and display it on your device or as a printout in store. [Download the app.]( Customer must have PayPal account and app to pay. PayPal [Cars Are About to Get a Lot More Expensive]( — Anjani Trivedi The price of everything that goes into a vehicle is going up. Raw materials — from the steel used for bodies, gear parts and frames to the plastic that winds up in bumpers and doors trims — account for a big portion of manufacturing costs. These are only growing. Add to that labor, logistics, the pressure to invest in new technologies and creeping inflation, and carmakers are seeing a very different landscape from the relatively profit-friendly market they have enjoyed over the past few months. Part of [what has been helping the auto industry]( is its scaled-back production. Despite all the complaining about shortages of various parts, including chips, carmakers have kept their shareholders happy. They’ve been smart and uncharacteristically nimble about leveraging broader economic imbalances. Despite plant shutdowns, manufacturers across the globe posted blowout results in the first quarter. They've made fewer, arguably better, vehicles and have pushed margins higher. But when carmakers start consistently talking about lower production, it should be a worrying sign. Read the [whole thing](. [$10,000 Cryptocurrency Tax-Reporting Rule Won’t Change Much]( — Alexis Leondis [Belarus Throws Down the Gauntlet to the West]( — Clara Ferreira Marques [You Realize Covid-19 Might Come Back in the Fall, Right?]( — Justin Fox [The Airborne Covid Threat Is Confirmed. What to Do About It?]( — Faye Flam [Why Economics Is Failing Us]( — Tyler Cowen [Florida’s New Social Media Law Violates the First Amendment]( — Noah Feldman [Saving for College? Don’t Assume a 529 Is Best]( — Teresa Ghilarducci [Airbnb Took Down My Negative Review. Why?]( — Timothy L. O’Brien [When to Buy a Lamborghini? There’s No Time Like the Present]( — Chris Bryant This is the Weekend Edition of Bloomberg Opinion Today, a roundup of the most popular stories Bloomberg Opinion published this week based on web readership.  Like Bloomberg Opinion Today? [Subscribe to Bloomberg All Access and get much, much more](. You’ll receive our unmatched global news coverage and two in-depth daily newsletters, The Bloomberg Open and The Bloomberg Close. 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](.  You received this message because you are subscribed to Bloomberg's Bloomberg Opinion Today newsletter. [Unsubscribe]( | [Bloomberg.com]( | [Contact Us]( Bloomberg L.P. 731 Lexington, New York, NY, 10022