Early Global News: Monday May 13th, 2019

Early Global News

Monday May 13th, 2019


S&P 500 futures fall as U.S.-China trade fears escalate  Reuters

Q2 GDP Forecasts: Around 2%  Calculated Risk


BAYRY  Bayer also offers veterinary medicine for sale – Deal for chemical parks is approaching  “Bayer is committed to veterinary medicine and is driving forward partial sales. With the money, the group wants to pay off debts, strengthen the balance sheet – and arm themselves for the US processes.”  Handelsblatt

WHR  Whirlpool dryers that have been ‘fixed’ to make them safe ARE a ‘massive fire hazard’, says engineer  Daily Mail

ORCL  Oracle China staff protest at ‘political firings’  Financial Times

RDFN  Real estate site Redfin has been testing a feature for buyers to bid for homes online  The Verge

C  No Branch, No Problem. Citigroup Bets Big on Digital Banking.  “Executives are convinced many U.S. consumers are finally ready to abandon brick and mortar”  WSJ

NDEKF SOMMY LGCEY  Polarizer Supply the Tightest in Four Years, Hopefully to Relax as China Ramps Up Production Capacity in 2020, Says TrendForce  Trendforce

MGIC  Software Company Magic Acquires Low Code Development Startup PowPow  “Magic stated it expects the acquisition to “be accretive to earnings” within 18 to 24 months”  CTech

MS  Morgan Stanley Got Rich Clients Into Uber. Then the IPO Stumbled  ” Bank pitched stock at $48.77 price in private offering in 2016″  Bloomberg

MMS  MAXIMUS Adds Third FedRAMP Authorized Cloud Service Offering  Press Release

JPM  JPMorgan cuts EM risk after trade talks setback  Economic Times of India

AMZN  Amazon rolls out machines that pack orders and replace jobs  Reuters

TAL  Education authorities warn of unauthorized rankings among schools  Ecns.cn

MIELF  Mitsubishi Electric to Acquire ICONICS, Inc. in United States  “Will enhance software product lineup to strengthen e-F@ctory FA-IT integrated solution”  Press Release

KVHI  KVH Announces the Sale of Videotel for $90 Million to Focus on Core Strategic Initiatives  Press Release

Stake Changes

SFTBY  SoftBank set to invest in British financing group Greensill  Reuters

HYFXF  UAE’s Utico submits binding offer to invest in Hyflux: CEO  Reuters

Saudi royals become the biggest losers as Uber goes in reverse after stock market debut  Daily Mail

SEC approves a stock exchange built for tech startups  “The Long-Term Stock Exchange lets firms go public with less pressure.”  Engadget

BX  Colfax nears deal to sell air and gas unit to KPS: sources  Reuters

Parsons Estimates Net Proceeds From IPO to Reach $463M  GovConWire

NPPXF  Nippon Telegraph and Telephone Corporation has today decided to implement a repurchase of shares of its common stock  Press Release

Earnings Finance

TOSYY  Toshiba nominates non-Japanese to board, marking shift for Japan Inc  Reuters

Foxconn poised to nominate chip boss as Taiwan group’s next chair: sources  Reuters

Swedbank committee proposes new board members  Reuters

IMASY  Inmarsat Shareholders OK $3.4B Takeover Offer From Private Equity Firms, Pension Funds  GovConWire

LTHM  Livent executives to exit after lithium forecast slashed  Reuters

Pharmaceuticals Healthcare

LLY  Lilly’s CYRAMZA® (ramucirumab) Becomes First FDA-Approved Biomarker-Driven Therapy in Patients with Hepatocellular Carcinoma  “This new indication – the fifth FDA approval for CYRAMZA in an advanced or metastatic cancer – is for the second-line treatment of patients with hepatocellular carcinoma (HCC) who are AFP-High (AFP ≥400 ng/mL)”  Press Release

Gene-modified viruses rescue patient from drug-resistant ‘superbug’  “It’s not a cure, but it could be close enough for many patients.”  NPR via Engadget

Israel’s Zebra Medical gets FDA ok for AI chest X-ray product  Reuters

Roll-out of ‘pink drink’ cancer treatment could save thousands of lives  Medac (private German co)  Sky News

TEVA  Teva Pharm CFO says company did not conspire to fix prices  Reuters

Lawmakers push $3B cancer funding bill to voters  Business Journals

NVS  Novartis vows to fight U.S. price-fixing claims against Sandoz unit  Reuters

Futurelook  Hospitals look to computers to predict patient emergencies before they happen  Stat

Entertainment Games

DIS IMAX T  Box Office: ‘Avengers: Endgame’ stays no. 1, ‘Detective Pikachu’ debuts with solid $58 million  Reuters

NFLX  Cellcom tv to offer Netflix access  Globes

TCEHY  Tencent’s PUBG replacement “Game for Peace” rakes in $14 million in 72 hours  Reuters

Military Surveillance

NOC  Northrop Secures $164M Army Hunter UAS Fleet Support Contract  GovConWire

RTN  Raytheon Gets $101M Modification on Army TOW Guided Missile Contract  GovConWire

AVAV FLIR KTOS  Tech firms vying to sell drones, robots and other unmanned systems to the military  The Mercury News

Blockchain Bitcoin

FBI Gets Involved After Cryptocurrency Ransomware Attack Paralyzes Baltimore City  Zero Hedge

German Insurer Munich Re to Insure Cryptography Security Startup Curv  CTech

From crypto winter to crypto weirder  TechCrunch

HTC’s new Blockchain phone to hit store shelves in Q3  Focus Taiwan

Bitcoin Gains $1,000 During The Weekend, No Signs Of Market Top  Kitco

Crypto exchange Binance says deposits and withdrawals will resume tomorrow  Mashable

Are Crypto Miners Brokers?  Blockchain Magazine

Blockchain Technology in Education Syste​​​m  Blockchain Magazine

BitOasis Clears Hurdle in Bid to Launch Regulated Crypto Asset Exchange  Coindesk

Drones Robots

Vertex Ventures Leads Series B Round In Chinese Customer Service Robot Developer  China Money Network

Kamikaze DroneBullet Knocks Enemy UAVs Out Of The Sky  Zero Hedge

Casinos Gambling

Macau govt preparing gaming licences tender: Leong  GGRasia

Asia Pioneer 1Q loss widens, rest of year likely better  GGRasia

No rubella outbreak in Macau casinos, says govt  GGRasia

Travellers Int 1Q profit nearly halved, higher costs  GGRasia

Okada Manila’s GGR jumps 26pct in April: Universal  GGRasia

Online Gambling Company 888 to Lay Off 45 Israeli Employees  CTech

Social Media

TWTR FB  Twitter, Facebook, and Insta bans send the alt-right to Gab and Telegram  Quartz

BABA  Alibaba productivity tool DingTalk suspends social feature after reprimand  TechNode

GOOGL  YouTube Unveils a Tool to Take the Pain Out of 6-Second Ad Production  Adweek

GOOGL  TV networks emerge as obstacles on YouTube’s hunt for ads  Reuters


Facebook takes down fake Italian accounts ahead of EU election  Reuters

U.S. presidential contender Kamala Harris favors look at breaking up Facebook  Reuters

Travel Hotel

BA  Boeing 737 makes emergency landing in Tennessee following a ‘potential mechanical issue’  USA Today

BA  Boeing crash payouts would be partly based on how long passengers knew they were doomed  The Telegraph

BA  Boeing’s New Plan: Replace Human Inspectors With Technology  “Amid scrutiny over 737 Max, Boeing to replace 900 inspectors. And union is not happy”  USA Today

BA  Boeing expects changes to safety regime after 737 crisis  Financial Times

QABSY  Qantas flight attendant sues airline for $315,000 after slipping on wet stairs  Daily Mail


VLKAY  10,000 Electric Hatchback Pre-Orders “Overload” Volkswagen’s IT Systems  Zero Hedge

GELLY  Lotus will hire 200 engineers in expansion, paper says  Automotive News

TSLA  Tesla Autopilot stopped for a rabbit on the road caught on video, owner claims  Electrek

China auto sales fall 14.6% on year in April, 10th month of decline  Reuters

Auto stocks lead European shares lower amid U.S.-China trade standoff  Reuters

EU trade chief sees possible extension to May 18 deadline for U.S. car tariffs: newspaper  Reuters

LYFT  Lyft eyeing car rentals for longer trips and weekends away  Digital Trends

EWY  S Korea urges Trump to drop threatened car tariffs  Financial Times

UBER  Just one day after IPO, Uber driver allegedly tried to kidnap two female passengers  Marketwatch

F EWU  Car giant Ford ‘set to announce 550 job cuts in the UK’  The Mirror

SSNLF  Samsung receives safety certificate for car semiconductors  ZDNet

EU trade chief sees possible extension to May 18 deadline for U.S. car tariffs  Automotive News

TSLA  Tesla battery researcher is ‘excited’ about new battery tech developed by the Army  Electrek

Electric Vehicles Are Better for Wall Street Than Detroit  “Battery-powered cars are about to hit dealerships in much greater numbers, but hold more financial promise for M&A advisors than manufacturers”  WSJ

TSLA PCRFY  Brother, Tesla Can’t Spare a Dime  “Elon Musk’s electric-vehicle pioneer is running out of cash and out of time, even after a recent capital increase”  WSJ


MO  Philip Morris suspends campaign upon criticism for using social influencers under 25 to sell tobacco  Daily Mail

WMT  Asda to rely on Walmart largesse after Sainsbury’s dream expires  Reuters

SVNDY  Seven-Eleven leads Japan’s drive to cut food waste  “Convenience store chain eases delivery deadlines for manufacturers”  Nikkei


Photos: Here’s what the Apple Card will look like out of the box  9to5Mac

ERIC  Optus details NSW and Victorian suburbs to get Ericsson 5G  ZDNet

TSM  2020 iPhone should get a boost from TSMC’s cutting-edge 5nm processors  Cult of Mac

Judge orders Apple to give widow access to her late husband’s online photos  Daily Mail

Apple Acquires Patent that Covers Systems that Monitor & Manage Chronic Medical Conditions while Sleeping  Patently Apple

KDDIF  KDDI rolls out new ‘price down’ smartphone plans for Japan amid government push for lower rates  Japan Times

ERIC DTEGY  Deutsche Telekom and Ericsson push microwave link over 100Gbps  ZDNet

Will government pressure slash Japan’s intricate web of smartphone fees?  Japan Times

Fanuc to build new plant to harness 5G and self-driving demand  “Robot maker to invest $28m to mass-produce equipment for high-end lenses”  Nikkei

QCOM SSNLF  Samsung enters AiP module production for 5G mmWave  Digitimes

Opinion  UBS: iPhone sales improving in China, but US trade tensions could affect May performance  9to5Mac

Energy Commodities

Delek’s Gulf of Mexico oil acquisition cancelled  (default)

Solar farms get millions more in taxpayer
handouts than they make selling electricity
  England  Daily Mail

U.S. crop futures plunge over bearish market data, prolonged trade tensions  Ecns.cn

KPELY  Orsted taps Keppel for Taiwan offshore wind substations  ReCharge News

Bar rises for shale takeovers as Chevron bows out of Anadarko fight  Reuters

TSN  Vietnam culls 1.2 million pigs as African swine fever spreads nationwide  Reuters

CFX  Colfax nears deal to sell air and gas unit to KPS -sources  Reuters

Chickens ‘kicked and abused on farms supplying likes of Nando’s, Lidl and Asda’  Cargill  The Mirror

APC  Anadarko says to supply Mozambique LNG to Japan’s JERA, Taiwan’s CPC  Reuters

KOL ANRTY  Queensland holds up Adani mine with fresh groundwater review  “The Queensland Department of Environment and Science (DES) has launched a further review of the groundwater management plan for Indian major Adani’s $16.5-billion Carmichael coal project.”  Creamer’s

KOL  World’s coal miners may be digging themselves into another glut  Bloomberg

Tepco tests halting water injection into crippled reactor at Fukushima No. 1 nuclear power plant  Japan Times


TKAMY  Germany’s Thyssenkrupp to seek new steel partners, CEO tells paper  Reuters

VALE  Brazil’s Vale CFO expects Samarco joint venture output to resume by 2H 2020  Reuters

Shareholder revolt puts spotlight on Rio’s Oyu Tolgoi mine  Financial Times

LME lead near 3-year low on deadlock in U.S.-China trade talks  Reuters

BOSCHLTD.NS  Bosch goes for platinum-light fuel cells  Reuters

GLNCY  Zambia tells Glencore to surrender copper shafts set for closure  Bloomberg

Researchers improve stability of vanadium disulfide used in lithium-ion batteries  “Scientists say they have observed how the instability of vanadium disulfide in lithium-ion batteries occurs and claim to have solved the problem by applying a nanolayered titanium disulfide coating.”  Pv magazine

First-quarter platinum demand up 32% on surge in ETF holdings  Creamer’s

Zimbabwe starts rolling power cuts, hitting mines, industry  Reuters

First-quarter platinum demand up 32% on surge in ETF holdings  “Platinum demand increased by 32% year-on-year to 2.56-million ounces in the first quarter of this year, following a surge in investment demand, the World Platinum Investment Council (WPIC) noted in its latest ‘Platinum Quarterly’ report, released on Monday.”  Creamer’s

Indian mining industry seeks SPV route for speedier auction of new mineral blocks  Creamer’s

FCX  Copper prices fall amid deadlock in U.S.-China trade talks  Reuters

Opinion  FCX  Without US-China trade war, copper price would be higher – Antofagasta chair  Reuters


Trump says the U.S. is ‘right where we want to be with China’  Reuters

Trump, Xi likely to meet in Japan in June: White House adviser  Reuters

China’s door to talks with U.S. on trade always open -state media  Reuters

China’s public offering fund volume hits 13.94 trillion yuan  Ecns.cn

China’s doves urge Beijing to find common ground with Washington  “While stopping short of direct criticism of current policy, party liberals are calling for review and change”  South China Morning Post

White House expects retaliation from China, stresses ongoing talks  The Hill

China says will ‘never surrender’ as U.S. trade row heats up  Reuters

China stocks fall, yuan at 4-month low as U.S. trade talks stall  Reuters

China launches two new guided missile destroyers  Economic Times of India

China’s Latest Crackdown Target Is Liberal Economists  Bloomberg

The vanishing illusion of China’s financial might  “China’s current-account surplus is shrinking amid a growing dollar shortage”  Nikkei

ASEAN supply chains to develop fast as server, network equipment makers move production from China  Digitimes

China central bank says no need for easing after tariff hike  “Ready to ‘fine-tune’ monetary policy in response to changes in economic and financial data”  SCMP

U.S.-China trade setback prolongs the global equities slide  Reuters

North Korea

North Korea will not give up all its nuclear weapons, former Defense Secretary says  Politico

WFP head ‘very concerned’ about N. Korea‘s food shortages  Korean Herald


Stock futures slip in Asia amid trade standoff  Reuters

EWJ  Corporate Japan logs first profit dip in 3 years as China slows  “Manufacturers’ earnings nosedived in second half”  Nikkei

EEWYWY  South Korea’s latest big export: Jobless college graduates  Reuters

EWT  Taiwan Breaks Ground On First Submarine Factory Amid Invasion Threats From China  Zero Hedge

INDA  Millionaires fleeing India in larger numbers: Report  Economic Times of India

INDA  Positive sentiment continues for mfg sector in Q4, capacity utilisation up at 80%: FICCI survey  “In terms of order books, 44% respondents in March 2019 quarter said they expect the number to go up as against 43% in October-December 2018 quarter”  Livemint

EPHE  Philippine midterms begin as Duterte prepares big policy push  “Over 60m voters head to polls amid talk of ‘sweep’ for president’s allies”  Nikkei

VNM  Vietnam intensifies crackdown on online dissent: Amnesty report  Reuters

VNM  Vietnam seizes half tonne of ketamine in crackdown on synthetic drugs  AFP

INDA  69% Indian firms face serious cyber attack risk: Study  Economic Times of India

EWJ  Japanese employers struggle with staff shortages  Financial Times

EWT  Taiwan shares close down 1.44%  Focus Taiwan

EWY  South Korea’s exports shrink for fifth straight month  Korean Herald

EWT  Magnitude 4.9 quake rocks northeastern Taiwan  Focus Taiwan

EWJ EWY  South Korean students flock to Japan as birthrate sinks and unemployment climbs  Japan Times


Quake of 6.1 magnitude in Panama injures one, no initial reports of deaths  Reuters

EWW  Mexican union leader shot dead in troubled oil refining city  Reuters

Venezuela reopens border where migrants used trails to reach Brazil  Reuters

Australia’s export billions go missing, statisticians suspected  ewa  Reuters

‘It’s time to rise up,’ Venezuelan general tells military officers in video  Reuters

EWZ  Amazon rainforest is ours and not yours, Brazil tells the world  “Managing the world’s largest rainforest is a Brazilian affair and foreigners should stop meddling in the Amazon, President Jair Bolsonaro’s top security adviser said in an interview.”  Bloomberg

Russia Ukraine

Two Ukrainian drones downed in DPR  TASS

Russia-linked disinformation efforts target EU elections – CNET  Cnet

Palestinian president hopes to meet with Putin in June  TASS

Russia to carry out observation flight over US in May  TASS

Organic chloride in oil at Russia’s Novorossiisk is rising, within limits: sources  Reuters

Russia’s Aeroflot Cancels Dozens of Flights Following Tragic Plane Crash  Moscow Times

Middle East

Gulf cooperation council condemns actions against four ships near UAE waters  Reuters

Egypt condemns actions against four ships near UAE territorial waters  Reuters

Iran commander calls U.S. military in Gulf a target not a threat: ISNA  Reuters

Pakistan to get US$6b from IMF to meet foreign debts  AFP

Rouhani: Iran’s economy in worse shape than during its war with Iraq  DEBKAfile

Several heavy explosions at UAE’s Fujarah port – report  DEBKAfile

TUR  Erdogan won’t let the opposition win Istanbul again  Haaretz

Emirates NBD Dubai Economy Tracker  “Dubai’s non-oil private sector growth accelerates in April but prices fall further”  iHS Markit

KSA EWQ  Saudi ship, blocked from loading arms cargo in France, arrives at Spanish port  Reuters

TUR  Exclusive: Turkey presses banks to agree high-stakes bailout of bad energy loans  Reuters

Trump’s peace plan will include recognition of Israeli sovereignty in West Bank settlements, report says  Haaretz


Niger tanker truck blast toll rises to 76  Channel NewsAsia

WHO Warns Ebola Outbreak Critical As Armed Militants Target Healthcare Workers  Zero Hedge

Climate Change

EWA  Islanders complain to U.N. over Australia’s climate change inaction  Reuters

U.N. modernizes guidance for greenhouse emission estimates  Reuters

Britain to get world’s first plastic tax for products with less than 30 per cent recycled material  Daily Mail

Trump buildings face millions in climate fines under new New York rules  The Guardian

Medical Marijuana

Cannabit to sell cannabis to Panaxia if it can  Globes

Cannabis-tech transforms Israel from a Start-Up Nation into an AgTech Nation  (default)

Where cannabis investors see the next big wave? In precision dosing  TechCrunch

WMT TGT  Walmart, Target quietly exploring CBD product lines  NY Post

Cannabis kombucha, gluten-free edibles: weed companies jump on wellness trends  The Guardian


DHS asks military for more help dealing with influx of migrants  CNN

White House reimagination of Washington’s traditional Fourth of July events puts Trump at center of celebration  Marketwatch

Chelsea Manning: Trump administration ‘clearly wants to go after journalists’  The Hill

RGRC  ReGenTree Initiates ARISE-3 (Phase 3) Trial for Dry Eye Syndrome  Press Release

Trump’s go-it-alone approach on trade and immigration poses economic risks  Washington Post

Florida Republicans warn that Trump’s Venezuela policy could backfire in must-win state  Washington Post

Donald Trump’s plan to buy US$15 billion of crops for humanitarian aid does not thrill farmers  “‘Here’s a handout to make you happy? That doesn’t make us happy,’ a farmer in Minnesota says”  SCMP

Dems eye big infrastructure package, with or without Trump  The Hill


Hackers are collecting payment details, user passwords from 4,600 sites  ZDNet

Sunday Night Futures  Calculated Risk

Elon Musk shows SpaceX’s first internet satellites ready for launch  Engadget


The US, not China, pays trade tariffs on Chinese imports  Quartz

Apple’s CEO Thinks That Coding Should Be Taught At Younger Ages  Ubergizmo

EUO  ECB’s Nowotny: Euro-zone growth to strengthen in latter half of ’19  Reuters


ARGT  Argentine lawmaker Olivares dies from injuries after ‘mafia-style’ shooting  Reuters

WFC  Wells Fargo Report: Investors Seek Additional Financial Data on Gov’t Services Sector  GovConWire

Sweden to reopen investigation into Assange rape claims  Financial Times


MIT’s New Study Explains How Flickering Light Exposure Could Cure Alzheimer  (default)

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