25 August 2016



Today’s Issue Cluster: Pharma



MAJOR DATA POINTS

Argentina – Jun: Economy shrank sharply; -4.3% / R
Germany – Aug: Ifo business climate index falls; 106.2 from 108.3 / B
US – Jul: Durable-Goods Orders Rebound; +4.4% from -4.2% / WSJ / R
US – Aug: Flash PMIs point to lacklustre Q3; 51.5 from 51.8 / m
US – Jobless claims fall; -1k to 261k / R / WSJ


MARKETS

Brazil – Market’s blistering run faces higher hurdles FT *

Argentina – The Hunt for Yield WSJ *


ECONOMICS

Argentina – Utility bills battle is Macri’s first big crisis E * *


POLITICS & FISCAL POLICY

Brazil – Set to finalize Rousseff impeachment FT / WSJ


MONETARY POLICY



FINANCE

Blockchain – Big banks plan to coin new digital currency FT / R / FT *

Blockchain – Bitcoin-Tech Firm Thinks This Name Can Unify Wall Street WSJ


REAL ESTATE



LABOR & EDUCATION

Pensions – Low yields, high stress FT * *

Pensions – Canada quietly treads radical path FT *

Pensions – Megadeals are losing their allure FT *


SERVICES



MANUFACTURING



TECH

Watches – Asia Has Lost Its Taste for Swiss Bling B *

Watches – HK No Longer Top Market WSJ / WSJ *

Watches – Switzerlands exports vs China GDP / jb *


TRADE & TRANSPORTATION



COMMODITIES

Crops – Corn Tour Finds Hot-Weather Damage B *

Crops – Russia set to be biggest wheat exporter for first time FT

Crops – Canadian farmers see bumper wheat harvest B


ENERGY & ENVIRONMENT



HEALTH

Pharma – Mylan Faces Scrutiny Over EpiPen Price Increases WSJ / FT / NYT *

Pharma – The Complex Math Behind Spiraling Prescription Drug Prices NYT

Pharma – Generics drive injectable market opportunity B *

Pharma – Firms still makes billions from drugs after patents lapse FT *

Pharma – US doctors waste millions on branded medicines FT

Pharma – Biotech’s Resurgence May Be Costly WSJ

Pharma – Drugmakers hooked on $10b opioid habit FT * *


ENDNOTE

Football supporter map of US bi *


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