19 February 2016



Today’s Issue Cluster: Pharma

Retail – Wal-Mart Outshined by Amazon Despite Billions
Robots – Are Coming, But Not For Your Job
World – Historical trade growth constant using new database


MAJOR DATA POINTS

US – Jan: Overall consumer Prices Flat; 0.0% from -0.1% / WSJ

US – Jan: Firming core inflation keeps rate hike on table; +0.3% from +0.2% / R / B


MARKETS



ECONOMICS

World – OECD calls for urgent action to combat flagging growth FT *


POLITICS & FISCAL POLICY



MONETARY POLICY

World – Sub-zero rates have spawned winners and losers FT * * * *

World – JPY pain, charted and extrapolated ft *


FINANCE



REAL ESTATE



LABOR & EDUCATION



SERVICES

Retail – Wal-Mart suffers worst sales performance in 35 years FT / WSJ *

Retail – Wal-Mart Outshined by Amazon Despite Billions B *


MANUFACTURING

Robots – Threaten to unleash mass unemployment, scientists warn FT

Robots – Are Coming, But Not For Your Job B * *


TECH

Media – Fortunes Wane as Cable Operators Prosper WSJ *

Media – Comcast Results Show Cable’s Comeback WSJ *

Media – Viacom leads rout of US stocks as investors adjust focus FT * *

Media – TV Advertising’s Death Is Greatly Exaggerated WSJ *


TRADE & TRANSPORTATION

TPP – Michigan Democrat Opposes Trans-Pacific Pact NYT *

TPP – ‘Ambitious scope could be its downfall’ n *

World – Rising tide of protectionism imperils global trade FT *

World – Historical trade growth constant using new database cepr *


COMMODITIES

Coffee – May undo liver damage from booze R

Coffee – How Dollar’s Strength Distorts Market WSJ *


ENERGY & ENVIRONMENT

Air – China electric car surge fuels fear of worsening smog R

Air – Pollution ‘plagued Beijing for nearly half of 2015’ AFP / FT

Air – A mosaic of Beijing’s sky in 2015: Blue relatively rare PD *

Air – A bold experiment has improved Delhi’s pollution E *

Air – Mixed results for Delhi anti-pollution push FT *


HEALTH

Pharma – Fundraisings highlight the rise in Chinese R&D FT *

Pharma – New Drug Ads Tout Serious Conditions WSJ *

Pharma – Shortages Forcing Hard Decisions on Rationing Treatments NYT

Pharma – Seven $1b+ drugs seen reaching market in 2016 R

Pharma – Sprawling business models come under the microscope FT * *

Pharma – J&J is too tough a target for activists. How about Novartis? FT *

Pharma – Lobbies against efforts to rein in prescription costs WSJ *


ENDNOTE

Countries that prefer instant coffee over fresh-brewed motw *


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