Today’s Issue Cluster: Trade
Streaming – No need to be industry number one, says Spotify founder
Pharma – US Shifts Stance on Drug Pricing in Talks
US – Where Did All the Construction Workers Go?
US – May: Retail data strengthens case for rate rise; +1.2% from +0.2% / FT / WSJ / R / B / cr *
US – May: Import Prices Rise for First Time in Nearly a Year; +1.3%, -9.6% yr / WSJ
US – Week: Jobless Claims Rise; +2k to 279k / WSJ / B / cr *
Bonds – US: Brighter Economy Speeds Flight WSJ *
Bonds – EU: Outsize Bond Swings Shouldn’t Trouble ECB WSJ *
Bonds – Germany: Borrowing costs jump back above 1% FT * *
World – Global Growth Forecast Cut to 2.8% WSJ *
World – Developing nation growth slowing FT *
World – Bank urges Fed to wait on rates R *
World – EMs: Trading blow FT * * * * *
US – CoreLogic: Loans in Foreclosure Lowest Since 2007 cr *
US – Worker Shortage Hammers Builders WSJ *
US – Where Did All the Construction Workers Go? wsj *
US – Millennials priced out of CA / b *
Streaming – Spotify raises $526m as it braces for costly battle with Apple FT / WSJ
Streaming – No need to be industry number one, says Spotify founder R
Streaming – Having transformed the music business once, Apple is trying to do so again E * *
Streaming – Tencent tries to get people to pay for digital music WSJ *
TPP – Trade Pacts Face Growing Pushback WSJ / WSJ *
TPP – US labor unions step up attacks on Obama’s trade supporters FT / WSJ *
TPP – Black Caucus Is Wooed for Trade Pact Votes NYT
TPP – Republicans Tie Their Favorite Causes to Agreement NYT
TPP – Obama faces jobs conundrum on global trade FT * *
TTIP – ‘How a Trans-Atlantic Trade Deal Can Still Be Fixed’ S / NYT *
Canada – Renewed push for free-trade by Ottawa, provinces FP
Carbon – EPA Says It Will Set Rules for Airplane Emissions NYT / WSJ / FT
Carbon – Obama Administration Readies Big Push on Climate Change WSJ
Pharma – US Shifts Stance on Drug Pricing in TPP Talks NYT
Pharma – SK pushes to be a force FT * *
What the NYC subway map looks like to a disabled person sr *