Early Global News: Wednesday December 5th, 2018

Early Global News

Wednesday December 5th, 2018

Macro

Global markets: US futures gain, Asia pares loss on China trade  “After a big sell-off Tuesday on Wall Street, stocks in Australia, Japan and South Korea were still down, though by less than the 3.2% tumble in the S&P 500 Index”  Livemint

MBA: Mortgage Applications Increased in Latest Weekly Survey  “US MBA Mortgage purchase applications index +0.8% in week ended 30-Nov; total market index +2.0%”  Calculated Risk

ECB policymakers debate new ways out of easy money – sources  “European Central Bank policymakers are debating ways to wean the euro zone off years of easy money, floating ideas such as a new kind of multi-year loans and staggered increases in interest rates”  Reuters

Wednesday: ADP Employment, ISM Non-Mfg, Fed Chair Powell, Beige Book  Calculated Risk

Companies

SHPG  Takeda shareholders approve $59 billion Shire buy but are wary of debt load  Reuters

OMED AIM:MPH  Proposed Combination of Mereo BioPharma and OncoMed Pharmaceuticals  Press Release

TME.NZ  NZ’s Trade Me gets second, higher buyout offer for $1.8 bln  “New Zealand’s top online marketplace Trade Me Group (TME.NZ) said it has received a NZ$2.56 billion ($1.8 billion) buyout proposal from a U.S. private-equity firm, trumping a rival offer and setting the stage for a possible bidding war.”  Reuters

RKUNY  Japan’s Rakuten to double staff in India  Economic Times of India

TAL  CodeMonkey, which teaches children computer coding, sold to China’s TAL  Haaretz

PH 010120.KS  LSIS acquires Parker Hannifin’s ESS unit  Korean Herald

NTES  Briefing: NetEase to cease live-streaming operation  TechNode

IRBT  Feds blocks some Roomba competitors from selling in U.S.  Business Journals

ECL  Ecolab to Acquire Cleaning Solutions Provider Holchem  Press Release

SQM NTR  Nutrien Closes the Sale of SQM A Shares to Tianqi Lithium  ” The receipt of US$4.1 billion in gross proceeds provides an opportunity to deploy the cash to generate significant shareholder value. “  Press Release

CBS  CBS internal report finds Moonves obstructed probe: NY Times  Reuters

ONDK  OnDeck Announces Agreement to Combine Canadian Operations with Evolocity Financial Group  Press release

PYPL  PayPal Holdings, Inc / iZettle AB merger inquiry  “The CMA is investigating the completed acquisition by PayPal Holdings, Inc. of iZettle AB.”  Gov.UK

2408.TW  Nanya cuts bit shipment growth forecast for 4Q18 to negative  “DRAM maker Nanya Technology expects to post an around 15% sequential decrease in bit shipments for the fourth quarter, a downward revision from its previous estimate”  Digitimes

TSM  TSMC 7nm capacity unlikely to be fully utilized in 1H19, says report  Digitimes

XXII  22nd Century Files Premarket Tobacco Application (PMTA) with the FDA  “A PMTA is an important first step toward achieving potentially the first – and only – Modified Risk Tobacco Product marketing order for a combustible cigarette”  Press Release

Stake Changes

TCEHY  Tencent-Backed Game Distributor iDreamSky Seeks To Raise $107M In HK IPO  China Money Network

EXPN.L  Experian leads $10M investment in Southeast Asia fintech startup Jirnexu  TechCrunch

PRU  Pricoa Capital Group provides Yorkshire Water with £100 million private placement financing  Press Release

Earnings Finance

SFTBY  SoftBank’s Vision Fund to hire China team, set up mainland office: sources  Reuters

AIG  AIG names Mark Lyons chief financial officer  Reuters

JBSAY  Brazil’s JBS appoints Tomazoni to replace founder Batista as CEO  Reuters

HPE  HPE quarterly results top estimates on higher server demand  Reuters

TRI  Thomson Reuters to cut 3,200 jobs as it shifts priorities to software services  “News service makes up just a fraction of company’s revenue”  WSJ

TKPPY  Thyssenkrupp’s top shareholder appoints ex-Volkswagen CEO  Reuters

MDXG  MiMedx Announces Organizational Realignment Program  “Plan Will Improve Cost Structure and is Designed to Position Business for Long-Term Success”  Press Release

Pharmaceuticals Healthcare

MDT  Medtronic to pay $51 million to resolve U.S. medical device probes  Reuters

World’s first baby born via womb transplant from dead donor  Reuters

RHBBY  Roche’s Tecentriq wins speedy U.S. FDA review for small cell lung cancer  Reuters

EWY  Korea’s first for-profit hospital gains approval from Jeju  South Korea  Korean Herald

CRSP  The ‘CRISPR babies’ experiment was more flawed than scientists first realized  STAT News

BAYRY  Lower drug sales potential at Bayer underscores need for deals  ” Germany’s Bayer, which acquired seed company Monsanto this year, reduced its combined sales estimate for its most promising experimental drugs, acknowledging it needs to do more to replenish the development pipeline.”  Reuters

BAYRY  Bayer halts vilaprisan drug trials due to toxicology data  Reuters

068270 (KRX)  Celltrion Healthcare presents positive results for CT-P10, biosimilar rituximab, in advanced follicular lymphoma at the American Society of Hematology Meeting 2018  “New two-year data showed that CT-P10 was comparable in terms of overall survival, progression-free survival and sustained response with reference rituximab”  Press release

RHHBY  Genentech’s Kadcyla Cut the Risk of Disease Recurring by Half Compared to Herceptin in People With HER2-Positive Early Breast Cancer With Residual Disease After Neoadjuvant Treatment  “– At three years, 88.3 percent of people treated with Kadcyla in the adjuvant HER2-positive early breast cancer setting did not have their breast cancer return compared to 77.0 percent treated with Herceptin, an 11.3 percent improvement –”  

ORTX  Donald B. Kohn, MD, Orchard Therapeutics Scientific Advisory Board Member, Presents Clinical Proof-of-Concept Data for OTL-102 Gene Therapy for the Treatment of Patients with X-CGD at the Presidential Symposium at the 2018 ASH Annual Meeting  Press Release

CNAT  Conatus Announces Results from ENCORE-PH Phase 2b Clinical Trial in NASH Cirrhosis  Press Release

BHC  Bausch + Lomb Receives 510(K) Clearance From FDA For Bausch + Lomb Ultra® Multifocal For Astigmatism Contact Lenses  “Eye care professionals have routinely stressed the need to have a readily available contact lens that addresses both presbyopia and astigmatism, underscoring the critical vision needs of this growing patient population,”  Press Release

RCDTF  Recordati today announced that the FDA has granted Orphan Drug Designation to Recordati Rare Disease’s investigational product REC 0559 for the treatment of neurotrophic keratitis.  Press Release

CYTK  Cytokinetics Announces Initiation of Phase 1 Clinical Trial of CK-3773274, a Cardiac Myosin Inhibitor  Press Release

FMS  Fresenius Medical Care announces acquisition of renal hospitals and dialysis centers in China  Press Release

SNGX  Soligenix Announces Publication of Scientific Review Discussing Clinical Applications of Innate Defense Regulator Technology  “Highlights Potential for Treating Multiple Diseases with Dusquetide and Related IDR Analogs”  Press Release

Politics  With new drug pricing legislation, Grassley, Wyden hint at the next steps for a powerful Senate committee  Stat

Entertainment Games

SSNLF ASUUY 2353.TW  Global Shipments of Gaming Monitors Doubled in 2018, Market Share of Curved Models to Surpass 50% in Gaming Sector, Says TrendForce  “According to the latest report by WitsView, a division of TrendForce, the shipments of gaming monitor (with a frame rate above 100Hz) would reach 5.1 million units in 2018, an annual growth of 100%”  Witsview

Kevin Hart says 2019 Oscars host job is ‘opportunity of a lifetime’  Reuters

Finnish game maker Supercell launches free coding school to combat labor shortage  Reuters

BT  British Telecom Selects Qumu as Strategic Vendor for Worldwide Enterprise Video Streaming  “Multinational telecommunications leader will resell Qumu platform globally, deploy Qumu hybrid cloud as video collaboration services backbone”  Press Release

Military Surveillance

EWQ  Australia rejects report cost of new French-made submarines to blow-out  Reuters

1 in 4 troops have an opioid prescription in a given year  Military Times

LMT TUR  Trump told Erdogan he doesn’t want issues in sales of F-35 jets to Turkey – Turkish minister  Reuters

Blockchain Bitcoin

Nordeen: Blockchain to infiltrate loyalty market in 2019  Business Journals

A Top-5 US Hospital Is Exploring Blockchain for Patient Data  Coindesk

Drones Robots

NYPD Announces Plans To Start Using Drones  Ubergizmo

DRONE VOLT Launches Its New HERCULES 20 Heavy Lift Drone  Ubergizmo

Worldwide spending on robotics systems and drones to total US$115.7 billion in 2019, says IDC  “Worldwide spending on robotics systems and drones will total US$115.7 billion in 2019, an increase of 17.6% over 2018, according to IDC. By 2022, this spending will reach US$210.3 billion with a compound annual growth rate (CAGR) of 20.2%.”  IDC

Casinos Gambling

Philippine GGR at US$3bln in year to Sept 30: Pagcor  “Gross gaming revenue (GGR) in the Philippines stood slightly above PHP158.36 billion (US$3 billion) in the first nine months of 2018”  GGRasia

LVS  LVS begins construction of suites at Four Seasons: filing  GGRasia

MLCO  Melco Philippines share tender put float below rules  GGRasia

S. Korea’s Paradise Co casino revenue down 5pct in Nov  GGRasia

Blockchain gaming’s Alphaslot gets Silicon Valley help  “Alphaslot is promoting the use of blockchain technology and digital tokens associated with blockchain as an effective and secure way to transact authorised gambling and gaming business.”  GGRasia

Hard Rock And GiG Enter US Sports Betting  Seminole Tribe of Florida owner  

Social Media

TWTR  Twitter Korea ranks most tweeted terms for 2018  Korean Herald

TWTR  Twitter reveals BTS has ‘Golden Tweet’ of 2018  Korean Herald

Patently Apple now Supports the ‘MeWe’ Social Media Site where your Privacy is Not4Sale  Patently Apple

There are three men for every woman on dating apps in India  Quartz

MTCH IAC  A Tinder clone from China is taking off in the rest of Asia  Tech in Asia

GOOGL  Google’s appearance before Congress will mark a turning point for its CEO  The Verge

FaceBook

Poor Work-Life Balance, ‘Somber Atmosphere’ Pull Facebook Down 6 Spots on Glassdoor’s List  “The social network fell from No. 1 in the Best Places to Work in 2018 rankings to No. 7 in 2019”  Adweek

Facebook ends platform policy banning apps that copy its features  TechCrunch

WhatsApp yet to ping storage timeline to NPCI  India  Economic Times of India

France faces typical Facebook revolution  “Little of that enthusiasm is on display today amid the violent “yellow vest” protests in France — even though Facebook is still doing what it does best: letting people channel their rage.”  Korean Herald

Linger  Facebook temporarily removes post accusing it of having a ‘black people problem’  Cnet

Travel Hotel

HA  Hawaiian Airlines Reports November 2018 Traffic Statistics and Updates Expected Fourth Quarter Metrics  Press Release

RYAAY  Ryanair compensation claims to go to court  “The Civil Aviation Authority has said it is taking legal action against Ryanair over its refusal to compensate thousands of UK-based customers.”  BBC World News

Jet Airways to get new investor in 3 months, CEO tells pilots  Livemint

AL  Air Lease Corporation Announces Lease Placement of Two New Airbus A321neo Aircraft with Air Macau  Press Release

HO.PA  Thales Alenia Space, a joint venture between Thales (67%) and Leonardo  “Two contracts signed with South Korea, for “Dancing Satellites” featuring high performance and shorter revisit times”  Press release

Linger  DAL  Delta Caught by Falling Fuel  “Delta’s new guidance for unit revenues to rise at the bottom of its prior range in the fourth quarter triggered a sector sell-off”  Wall Street Journal

Auto

China’s Didi announces reorganization plan to address safety issues  Reuters

HYMTF  Hyundai Motor’s South Korean workers to strike Thursday: union source  Reuters

DMLRY  China’s BAIC stock sinks on report Daimler may raise joint venture stake  Reuters

COE prices close mostly lower in latest bidding exercise  “COE prices close mostly lower, premiums for smaller cars lowest in nearly 9 years”  Channel NewsAsia

YNDX  Yandex introduces its smartphone  TASS

YNDX  Yandex’s Yango Taxi Hits Israel’s Roads  CTech

Passengers can set their own fares with international rideshare company  inDriver  Digital Trends

TSLA  Tesla hires new ‘VP of Production for Fremont plant’ but stays vague about role  Electrek

TSLA DMLRY  Tesla becomes more valuable than Daimler  Electrek

Ohio’s first self-driving shuttle service begins on December 10th  Engadget

TTM  Jaguar eyes driverless cars, but steering wheels to stay  Korean Herald

KIMTF  Kia Motors to launch 1 new model every 6 months in India from next year  Livemint

VOD NSE:IDEA BSE: 532454  Supreme Court dismisses CCI’s plea for probe against Airtel, Idea, Vodafone  India “The CCI sought the probe after Reliance Jio filed a complaint alleging that Airtel, Idea and Vodafone were abusing their dominant position”  Livemint

TSLA  Tesla opens Model 3 configurator across Europe with Feb 2019 delivery, 544km WLTP range  Electrek

F  Mahindra starts selling Ford cars in expansion of alliance  India  Livemint

Verizon subsidiary on hook for almost $5M in online privacy probe  “Record fine for violations of law protecting kids’ online information”  Marketwatch

F  Ford CEO discounts job-cut report, promises more news this week  Bloomberg

AMZN GOOGL  Health-tracking AirPods faces competition from Google and Amazon suggests Ming-Chi Kuo  “Apple’s AirPods will become a more important product in the iPhone producer’s ecosystem due to its potential for health tracking and for interacting with digital assistants like Siri, analyst Ming-Chi Kuo suggests, as part of a warning Google and Amazon are working on their own take on the wireless audio accessories. “  AppleInsider

VLKAY BAMXY  UPDATE 1-U.S.-China trade conflict hurting German car sector – VDA  Reuters

Opinion  The trade war could crush China’s AV dreams  Axios

Futurelook  Electric cars can do to auto what smartphones did to telecom  Livemint

Liniger  HYMTF  Hyundai, South Korea eye deal on low-cost carmaking venture despite union dissent  “South Korea’s Hyundai Motor and a local government partner are aiming to sign a final deal this week on a low-cost carmaking joint venture despite stiff opposition from labor unions who fear the move would cause job losses and cut wages”  Reuters

Retail

Gymboree explores sale of some brands, store closures  Reuters

BABA  Alibaba signs agreement with Belgium for e-commerce trade hub  Reuters

K  Man says he urinated on Kellogg’s cereal conveyor belt  NY Post

AMZN WMT  The big jarring note in Amazon’s India quest  “Amazon gets more product returns in India than in any of the 17 markets where it operates, a senior company executive said. One reason for the returns is counterfeit products, which is the case globally”  Economic Times of India

Listeria finding prompts nationwide recall of kale salad in Canada  Food Safety News

EWY  Online shopping hits record high in October  South Korea  Korean Herald

LPL  Sales of OLED TVs expected to hit 1 m units in Q4  “Global shipments of OLED TVs are expected to hit 1 million units in the fourth quarter of 2018 to set a new record, industry watchers said Wednesday, as high-end TVs have become more affordable. “  Korean Herald

Lighthouse buys stake in Aqualite Industries for ₹250 crore  India “Aqualite Industries will use the funds for capacity expansion and growth, the footwear maker’s founder Davinder Gupta says”  Livemint

Opinion  WMT DG  Dollar General is taking over rural America, and it should terrify Walmart  Business Insider

Linger  Will New York City Kill an Amazon Competitor?  The Strand bookstore  Wall Street Journal

Linger  AMZN  Postal Service Review Proposes Sweeping Changes Likely to Hit Amazon  “The report calls for raising prices for many types of commercial package deliveries”  Wall Street Journal

Apple

BT to remove Huawei equipment from its core 4G network: FT  Reuters

QCOM  Qualcomm unveils new chip to power 5G smartphones  Reuters

Film shot entirely on iPhone awarded prestigious Turner Prize in Britain  9to5Mac

INSG  Verizon teases its first true 5G mobile hotspot launching sometime in 2019  9to5Mac

SSNLF  Samsung Electro-Mechanics eyes new demand for capacitors in 5G era  Korean Herald

Qualcomm Says Every Android Manufacturer Will Have 5G Flagship Phone by End of 2019  MacRumors

S SSNLF INSG  Sprint Says They’re Working With Samsung On A 5G Phone  Ubergizmo

4938.TW  Pegatron shifts from China to Indonesia as trade war bites  “Leading iPhone assembler accelerates diversification strategy”  Nikkei

Energy Commodities

Two key Canada-to-U.S. oil pipelines hit by disruptions  “Keystone shut, while Mainline system experiences outages, low flow rates”  Reuters

KOL  U.S. EPA to propose easing rules on new coal plants: New York Times  Reuters

Two key Canada-to-U.S. oil pipelines hit by disruptions  Reuters

China’s Unipec to buy U.S. oil after Xi-Trump tariff truce  Reuters

German solar battery maker Sonnen qualifies to provide grid services  Reuters

Notebooks to see rising adoption of li-polymer battery modules in 2019  “Notebook makers are expected to raise the adoption of soft-package li-polymer battery modules to 80% of all their machines in 2019 from over 50% in 2018, in line with rising demand for thinner and lighter form factors, according to industry sources.”  Digitimes

Capitol Report: Utility giant’s CEO says it’s ‘unfortunate’ that Trump administration has ‘climate deniers’  “S&P 500 component’s chief executive says company is interested in ‘the nexus between environmental and energy policy,’ but that’s a tough area now”  WSJ

KOL  China’s old coal regions fail to meet energy efficiency targets  South China Morning Post

Phibro acquires contracted biomass plant  “Commodities merchant Phibro has acquired a contracted biomass-to-power plant in the western U.S.”  SparkSpread

Shale’s growing profits at the mercy of OPEC cuts, Trump tweets  Reuters

GLNCY  Glencore, Trafigura, Vitol bribed Petrobras staff-Brazil prosecutors  Reuters

PBR  Brazil’s Petrobras says could raise up to $26.9 bln through asset sales  Reuters

CNQ  Oil producer Canadian Natural sets lower 2019 budget  Reuters

Saudi energy minister meets U.S. Iran envoy in Vienna ahead of OPEC  Reuters

OSK:TSX  Osisko Infill 38.9 g/t Au Over 13.7 Metres at Underdog  “Infill Drilling Continues to Intersect High Grade”  Press Release

TRP  Innovative Solution Delivers Additional Natural Gas to Eastern Markets on Canadian Mainline  Press Release

SDPI  Superior Drilling Products, Inc. Plans to Triple Drill-N-Ream® Tool Fleet in Middle East by End of First Quarter 2019  Press Release

Linger  Saudi-Russia Ties Raise Concerns Among OPEC Members  “Moscow’s increasing presence worries longtime member nations who are trying to set output cuts to raise prices”  Wall Street Journal

Metals

London base metals fall as Sino-US trade worries resurface  Reuters

UK steel sector crippled by power costs as Brexit looms  Reuters

Australia Is Seeing A Mineral Exploration Boom, Spending Hits A 5-Year High  In the third quarter alone, Australian exploration was up 3.6% at AUD $561.4 million (USD $413.64 million), marking the highest level of spending in five years.  Australian Bureau of Statistics

PKX  Posco C&C completes color steel plant in Pohang  Korean Herald

GLD PALL  Palladium overtakes gold as most valuable metal  Financial Times

Miners bear brunt of risk aversion as investors take fright  Reuters

Congo mining revenues jump 147% in first 9 months  Reuters

Europe

Dozens arrested in European operation against organized crime  Reuters

EWQ  France could change position over wealth tax, says government spokesman  Reuters

GREK  Greece poll favourite says confidence is key to recovery  Financial Times

EWI  Italian sell-off hits debt sales of companies and banks  Financial Times

EWU  UK manufacturing facing post-Brexit skills shortage  “The sector is looking ahead to a future with too few trained workers and not enough youngsters wanting to learn.”  Sky News

EWU  Brexit full legal advice published  BBC World News

EUO  EU pushes for broader global use of euro to challenge dollar  Reuters

UK senior Conservative says PM May’s deal will fail: Telegraph  UK Telegraph

EWQ  France bracing for more protests despite retreat on taxes  Washington Post

EWU  CIPS UK Service PMi  “Service sector growth eases to 28-month low in November”  iHS Markit

Commission presents ways to further strengthen the euro’s global role  “In light of the upcoming European Council and Euro Summit in December, the Commission presents actions to strengthen the role of the euro in a changing world.”  European Commission

China

China confident it can clinch U.S. trade pact as Trump demands ‘real deal’  ” China expressed confidence on Wednesday that it can reach a trade deal with the United States, despite fresh warnings from President Donald Trump that he would revert to more tariffs if the two sides cannot resolve their differences.”  Reuters

Roll Back China’s Soft-Power Campaign  “Beijing is buying U.S. media and research outlets to stifle criticism.”  Wall Street Journal

China reports more African swine fever outbreaks in Beijing, Sichuan, Shaanxi  Reuters

FXI  Caixin China General Services PMI™  “The Caixin China Composite PMI™ data (which covers both manufacturing and services) pointed to a stronger rise in total business activity across China in November. Notably, the Composite Output Index rose from a 28-month low of 50.5 in October to 51.9 in November, to signal a modest rate of expansion.”  iHS Markit

Asia

EWJ  JGBs yields hit multi-month lows on U.S. curve inversion  “Japanese government bond yields hit four-month lows on Wednesday after an inversion in the U.S. yield curve stoked worries about a recession in the United States, though they clawed back later in the session on profit-taking.”  Reuters

EWJ  Japan to require listed companies to disclose executive pay rules  “Financial watchdog aims to improve corporate governance after Nissan scandal”  Nikkei

INDA  India launches ‘heaviest’ satellite for internet access  “India’s heaviest satellite has gone into orbit on a French rocket to help boost broadband internet services.”  BBC World News

INDA  More trouble ahead for bruised rupee: Reuters poll  Economic Times of India

Strong demand takes November services growth to four-month high: PMI  India  Economic Times of India

Rupee opens 17 paise down at 70.67 against dollar  India  Economic Times of India

EWT  Taiwan shares close down 1.65%  Focus Taiwan

EWJ  Japan Services PMI®  “Service sector output growth holds close to October’s six-month high”  iHS Markit

EWY  Cold wave hits Korea with mercury plunging to this year’s lowest levels  Korea Times

EWJ EWY  Korea, China, Japan to discuss regional free trade deal in Beijing  Korean Herald

INDA  India’s Reserve Bank holds repo rate at 6.5%  “Fears of inflation spike quelled, while rupee rises”  Nikkei

EWY  Economic downturn, aging population push up youth unemployment rate: report  Korean Herald

EWY  Korea’s FX reserves climb in Nov.  Korean Herald

INDA  Sensex falls 200 points, Nifty below 10800, Tata Motors shares down 3%  Livemint

Warburg Pincus leads ₹520 crore funding in Fusion Microfinance  India  Livemint

EWJ EWY  Japan weighs sanctions against South Korea as rift over wartime use of forced labour deepens  South China Morning Post

EWJ  Japan PM Abe says will work with BoJ to achieve price stability target  Reuters

Growing split in Seoul over North Korea threatens Korea detente, nuclear talks  Reuters

Opinion  EWT  Academia Sinica trims Taiwan’s 2018 GDP growth forecast  Focus Taiwan

Opinion  EWY  US-China trade war poses biggest threat to Korean financial system: poll  Korean Herald

Politics  EWM EWS  Singapore makes strong protest to Malaysia over port extension plan  Reuters

International

CUBA CCCL RCL  Cuba to allow the use of internet on cellphones  Jerusalem Post

EWA  Australia’s GDP growth slows to 2.8% as weaker spending hits economy  The Guardian

EWZ  Brazil’s service sector bounces back amid strong wave of new work  iHS Markit

Russia Ukraine

Ukraine council to meet on December 15 to form independent church: president  Reuters

Russia says U.S. has shown no evidence it is in breach of nuclear treaty  Reuters

Former cosmonaut says Russian space program has a bleak future  “”In recent years, the leaders are blowing more smoke than doing anything substantive.””  Ars Technica

Russia’s New Laser Weapons Systems Enter Into Service, Military Says  Moscow Times

Russia is Ramping up Forces Near Border, Ukrainian Military Chief Says  Moscow Times

Putin says Russia will be forced to respond if U.S. exits arms treaty  Reuters

Putin says Russia will start developing intermediate-range missiles if US does not back down  Independent

Russia: Business activity upturn remains sharp in  “Second-fastest rate of output growth since February”  iHS Markit

Middle East

KSA  Turkey seeks arrest of two former aides to Saudi crown prince over Khashoggi killing  South China Morning Post

The Push to End Bumping Passengers From Flights  “Some airlines have almost eliminated the practice caused by overbooking since police dragged a passenger off a United plane”  WSJ

Isis Terror

Islamic State executing people in Syria’s Deir al-Zor: U.N.  Reuters

Syrian troops destroyed 23,000 militants in 2018 — Russian General Staff  TASS

Climate Change

AMKBY  Shipper Maersk aims to be carbon neutral by 2050  Reuters

New Caledonia issues tsunami evacuation alert after 7.6 quake  Reuters

Medical Marijuana

Girl, 2, becomes first child in Britain to be prescribed medicinal cannabis  Daily Mail

MMNFF  Inside cannabis retailer MedMen’s in-house agency  Digiday

Utah Medical Marijuana Sales Not Expected Until 2020  Leafly

Colorado should wipe low-level marijuana convictions clean  The Cannabist

Australian cannabis firm plans Frankfurt listing – sources  Reuters

Economics

Post-bankruptcy Detroit returns to yield-hungry muni bond market  Reuters

Linger  U.S. Small-Business Owners’ Optimism Reaches New Heights  “U.S. small-business owners are more optimistic about business conditions now than at any point in the 15-year history of the Wells Fargo/Gallup Small Business Index.”  Gallup

Politics

Mueller: ex-Trump adviser Flynn provided substantial assistance in Russia probe  Reuters

Democrat threatens not to seat Republican in North Carolina vote dispute  Reuters

U.S. Republican campaign emails hacked months before election  Reuters

The number that scares Trump  “70 hours of Michael Cohen interviews with Mueller’s team + 30 hours of interviews with former White House counsel Don McGahn + 19 Michael Flynn interviews with prosecutors.”  Axios

Fact

RGR AOBC  Firearms cause sharp drop in life expectancy for black Americans: study  Reuters

Men’s penises are half-an-inch SMALLER if they are exposed to high levels of chemicals in non-stick frying pans and fast food packaging, study finds  Daily Mail

Linger

CRON MO  Slowing Cigarette Sales Push Altria to Explore Other Opportunities  Wall Street Journal

T  Justice’s AT&T Vendetta  “The government’s antitrust appeal gets weaker by the month.”  Wall Street Journal

Futurelook

Luxury Miami developments now come with sky ports for flying cars  NY Post

‘Magic mushrooms’ may soon be legal in Oregon  NY Post

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