Early Global News: Wednesday March 20th, 2019

Early Global News

Wednesday March 20th, 2019

Macro

MBA: Mortgage Applications Increased in Latest Weekly Survey  Calculated Risk

Brazilian nuclear plant uranium convoy attacked by armed men: police  Reuters

Wednesday: FOMC Announcement  Calculated Risk

Companies

GOOGL  Google Hit With $1.7 Billion EU Fine Over Ad Blocking  “Decision is last among three sets of formal charges that European Commission has so far filed against the tech giant”  WSJ

MU AAPL  Drops in 2Q NAND Flash Contract Prices Shrink Slightly Thanks to Demand Recovery and Production Capacity Adjustments, Says TrendForce  “Contract prices shall continue to fall in the aftermath. Read more at https://press.trendforce.com/node/view/3223.html#mHdXcqViyI1mGEeW.99”  DRAMexchange

MO  San Francisco considers banning the sale and manufacture of nicotine e-cigarettes  BoingBoing

SAP AMZN  SAP signals cloud intent as it ousts top in-house programmers  Reuters

BAYRY  Second U.S. jury finds Bayer’s Roundup caused cancer  Reuters

BLK  BlackRock Has Never Charged This Little for an Index Mutual Fund  “Money manager’s move is indication of pressure firms face to lower prices of their most common stock-and-bond investments”  WSJ

KR  Kroger and Peak Rock Capital Announce Definitive Agreement for Purchase of Kroger’s Turkey Hill Business  “Turkey Hill Business to be Sold to an Affiliate of Peak Rock Capital”  Press release

NXST SSP TGNA  Nexstar Media Group Enters into Definitive Agreements to Divest Nineteen Stations in Fifteen Markets for $1.32 Billion  “Planned Sales Reflects Nexstar’s Comprehensive Regulatory Compliance Plan to Secure Requisite Approvals for Tribune Media Company Transaction”  Press Release

Stake Changes

TCEHY BABA  Tencent weighs bid for part of Temasek’s stake in A.S. Watson  $3billion  Bloomberg

MNRL  Oil and gas royalty owner Brigham Minerals files for a $100 million IPO  SEC Filing

Toshiba Memory to delay IPO seen as one of Japan’s biggest in 2019 -source  Reuters

GPRO  Chinese GoPro-Rival Insta360 Raises $30M Fresh Round As It Targets 2020 IPO  China Money Network

Digital health start-up Doctolib raises €150m  Financial Times

India’s Embassy Office Parks REIT $690 mln IPO subscribed over 2 times  Reuters

Earnings Finance

SSE: 600030  Asian broker CLSA loses veteran CEO amid culture clash  Financial Times

BAC  Bank of America appoints new co-heads of APAC M&A – memo  Reuters

FDX  FedEx cuts profit forecast again on economy, Express woes  Press Release

RDN  Radian Announces Addition of Two New Directors, Retirement of One Director and Expansion of Share Repurchase Authorization  Press Release

FTK  Flotek Announces Board Changes  Press Release

Pharmaceuticals Healthcare

FDA approves the first drug designed to treat postpartum depression  “The newly approved drug, called brexanolone, will be marketed under the name Zulresso. Its manufacturer, Sage Therapeutics in Cambridge, Mass., said the drug would likely cost $20,000 to $35,000 for a course of treatment.”  Press Release

EWC  Canada to create national drug agency to help cut cost of medicines  Reuters

Canada to create national drug agency to help cut cost of medicines  Reuters

BGI-Backed Chinese Biotech Start-Up GenoImmune Raises $18M Series A Round  China Money Network

AMZN  Amazon-exclusive medical brand Choice expands services with One Drop partnership  Digiday

ALXN ZEAL  Alexion and Zealand Pharma Announce Collaboration to Discover and Develop Peptide Therapies for Complement-Mediated Diseases  “- Collaboration further strengthens Zealand Pharma’s position as a leading developer of next generation peptide-based therapeutics -“  Press Release

PFE  Pfizer Secures Exclusive Option to Acquire Gene Therapy Company Vivet Therapeutics  “Pfizer and Vivet to collaborate on development of potential breakthrough therapy for Wilson disease”  Press Release

Opinion  Biosimilar approval and adoption in the U.S. needs to be expedited  Stat

Entertainment Games

LYV  Jay-Z, Dead & Company and the Killers to perform at Woodstock 50  AP

BABA ATVI EA  How the NBA Is Using Esports to Grow Its Audience  Activate via emarketer

EA  ‘Anthem’ was the top-selling game in the US this February  Engadget

KRX: 122870  Tax agency launches probe into YG Entertainment  Yonhap News

NFLX  Open that door? Netflix explores choose-your-own horror, romance  Reuters

NFLX  Purdue University bans Wi-Fi access to streaming sites like Netflix following teacher complaints  Boy Genius Report

NFLX T DIS ROKU  The average US consumer now pays for three streaming video services  Boy Genius Report

Peloton slapped with a $150 million lawsuit for playing unlicensed music  Engadget

SIRI  Pandora Modes gives you more listening options for music stations  Engadget

TCEHY  Tencent to demote 10% of middle managers as game sector falters  “Web giant aims to cut labor costs and add fresh blood: Chinese media”  Nikkei

NFLX  How Netflix is reshaping TV show economics  Digiday

Military Surveillance

The U.S. Army is building a giant VR battlefield to train soldiers virtually  Digital Trends

Boeing Receives $326M Navy, Australia P-8A Increment 3 Delivery Order  GovConWire

Pinnacle Solutions Wins Potential $553M Army Support Contract  GovConWire

IBM  IBM’s Juliane Gallina to Serve as Chief Information Officer at CIA in April  GovConWire

The US Navy, facing a shortfall, aims to ink an enormous attack sub contract next month  Military Times

SAIC  SAIC Announces Organizational Leadership Changes  “Elimination of COO role and streamlining the corporate structure, Michael LaRouche to lead National Security Group, Mark Escobar named chief of business operations”  Press Release

Blockchain Bitcoin

Shunwei Capital Joins Series A Round In Crypto Intelligence Platform CoinNess  China Money Network

We shouldn’t care about companies accepting Bitcoin in 2019  The Next Web

Opinion  Facebook’s blockchain cryptocurrency could mean big money – and kill ‘fake news’  Computerworld

Casinos Gambling

Korea’s Paradise City indoor theme park open late March  GGRasia

Scientific Games completes offering of US$1.1bln of debt  GGRasia

Game distributor APE yearly profit jumps nearly fourfold  GGRasia

Social Media

TWTR  S. Korean president to meet CEO of Twitter  Yonhap News

SNAP  Snapchat ramps up UK pitch, but ad buyers remain unconvinced  Digiday

GOOGL  Google overhauls search results to avoid EU probe  Financial Times

Social media giants to draft ethics code for polls  India  Hindustan Times

FB  In Pakistan, People Are Jailed for Blasphemous Facebook Posts  Wired

Travel Hotel

BA  Cockpit voice recorder of doomed Lion Air jet depicts pilots’ frantic search for fix – sources  Reuters

BA  Boeing reshuffles top engineers amid 737 MAX crisis  Reuters

India’s aviation crisis is all set to ruin your summer holidays  Quartz

BA  An off-duty pilot saved Lion Air’s 737 Max from a crash the day before its fatal flight  Quartz

Virgin Atlantic to fly to South America for the first time with a new Dreamliner route to São Paulo  Daily Mail

Auto

NSANY  Nissan’s former Chairman Ghosn to go to trial in fall, lawyer says  “Tokyo District Court designates May 23 as start of pretrial process”  Nikkei

KIMTF  Kia mulls EV production in China  “”The company is considering halting the production of existing models such as the Sportage sport utility vehicle and the localized KX7 SUV and manufacturing EVs at the 140,000 unit-a-year No. 1 plant in Yancheng,” a company spokesman said over the phone.”  Yonhap News

BAMXY  BMW warns of significant profit fall in 2019, seeks 12 billion euro in cuts  “The high level of volatility makes it difficult to provide a clear forecast,” BMW said.  Reuters

SFTBY GSVC  Lyft IPO reportedly oversubscribed, potentially pushing its opening price higher  Marketwatch

Trade war reportedly affects China subsidization for PV power, EVs  “Partly because unpaid FIT subsidies have become a large financial burden, rumors are spreading that the China government will limit total 2019 FIT subsidies to CNY3 billion (US$448 million), a sharp cut by about 80% from 2018, in order to push development of PV power generation toward grid parity, the sources said.”  Digitimes

TSLA PCRFY  China EV battery makers reportedly competing for orders from Tesla  “Therefore, Tesla is expected to be unlikely to choose CATL as a supplier in a short period but may cooperate with CATL in the long run, the sources analyzed.”  Digitimes

TM  Toyota, Suzuki charge up partnership for electric cars  Reuters

BAMXY  BMW sets $25 billion savings plan  Automotive News

GOOGL  Waymo boosts robo-taxi plans with new service center in Arizona  Digital Trends

POAHY  Porsche reveals new Taycan prototype in camouflage  Electrek

VLKAY  Audi’s Silvercar service will deliver and pick up your car for you  Engadget

Opinion  Mini LED automotive application market to take off in 2019  Digitimes

Politics  Trump warns GM: “close a plant in China or Mexico and bring jobs home!”  MercoPress

Retail

The First Gene-Edited Food Is Now Being Served  Wired

(CAG)  Plant protein startups vie to tap China’s hungry market  Reuters

SBUX  Very hot cuppa ‘linked to 90% higher risk of cancer’  “Letting your cuppa cool down or adding cold milk should ensure there isn’t any increased risk, say experts.”  Sky News

AOBC  North Carolina proposes laws allowing teachers to carry guns in schools  The Guardian

JD  JD.com general counsel resigns days after CTO steps down  TechNode

Opinion  AMZN  Laws Could Stand in Way of Cashless Retailers  eMarketer

Linger  SHOP  Retail briefing: Shopify tightens grip on partners, merchants  Digiday

Apple

Royole shipping foldable smartphones  Digitimes

Italy to extend golden share powers to 5G technologies: League party  Reuters

Apple wants to change the way you watch sports  Marketwatch

Kaspersky Lab files antitrust complaint against Apple alleging monopolistic App Store policies  9to5Mac

Apple backs news literacy programs in US and Italy  Engadget

Opinion  SSNLF AAPL  Samsung Elec sees green shoots in China smartphone business: co-CEO  Reuters

Energy Commodities

KOL  Anglo earmarks $162m for Australian coal mine rehabilitation  Mining Weekly

ENOR  Norway’s oil exploration refunds do not constitute state aid -ESA  Reuters

Piles of pigs: Swine fever outbreaks go unreported in rural China  Reuters

XOM  Exxon may decide on FEED for Russian Far East LNG project in 2019  Reuters

Target coffee to be all fair trade by 2022  Reuters

Crop-damaging armyworms raise growing sense of alarm in Asia, FAO says  Reuters

CG  Texas court halts vote on Carlyle-backed oil export project  Reuters

OXY  Chief aims for ‘carbon neutral’ Occidental Petroleum  Financial Times

Canadian Solar CEO: Storage key to sustaining long-term, stable Australian PV market  Pv magazine

Linger  Hydro working to restore operations after cyber attack  Reuters

Metals

VALE  Brazil’s Vale to resume work at largest mine in Minas Gerais state  Reuters

Canada’s Budget commitment to the North seen as positive for mining  Creamer’s

KGC  Kinross acquires 9.7% of Wolfden Resources  Creamer’s

Fortescue ‘excited’ about potential new 10Mt/y Pilbara project  Mining Weekly

GLNCY  Small Australian copper producer makes $575 million offer for Glencore mine  Reuters

Palladium hits record high; gold dips ahead of Fed decision  “Spot palladium was down 0.3 percent at $1,591.50 an ounce, as of 0908 GMT, after hitting an all-time high of $1,606.76 earlier in the session.”  Reuters

Base metals ease ahead of Fed meeting outcome  Reuters

Sumitomo says Ambatovy nickel plant shut for 2 weeks in February  Reuters

RIO  Rio Tinto halts operations at north Australian bauxite mine as cyclone nears  Reuters

Opinion  FCX  Copper Prices Get Shanghaied  “Copper prices, which have lost steam recently, bear more than a casual resemblance to trends in China’s rates and stock market”  WSJ

Europe

EWG  German Producer Price Inflation Stable In February  “The producer price index rose 2.6% year-on-year, same as in January. Economists had expected a higher rate of 2.9%.”  Morningstar

EWU  UK inflation rises to 1.9%, as London house prices slide  “A longer delay to Brexit could very well see house prices stagnate over 2019 or fall slightly due to persistent uncertainty”  The Guardian

Swedish PM says would support request for Brexit extension  Reuters

Austria expects short Brexit extension, would support it  Reuters

German conservatives: Let’s suspend Hungarian party from European bloc  Reuters

EWG  Exclusive: Germany to create fund to foil foreign takeovers after China moves  Reuters

China

China stimulus fuels banks’ $259bn capital shortfall  Financial Times

China’s ‘unprecedented and sufficient’ tax cut still does not do enough for small manufacturers, owners say  “Owners play down suggestions it could boost domestic business and aid employment to help offset the slowdown in growth caused by the US-China trade war”  SCMP

China’s Communist Party introduces another loyalty test, but now cadres are asked to show some initiative too  “Rules show customary hallmarks of Xi Jinping’s efforts to stamp his imprint on party, but one observer warns they could harm morale”  SCMP

Could China’s ‘experimental’ ship be the world’s biggest nuclear-powered icebreaker?  “Project could be stepping stone to building nuclear aircraft carriers”  SCMP

China banks face huge capital hole as stimulus spurs lending  Financial Times

China’s Three Main Telcos Add 6 Mln Mobile Subs in February 2019  “The listed arms of China’s three main telecom operators have announced their subscriber totals for the month of February 2019, including a combined net addition of 6.01 mln mobile subscribers in China to reach a combined mobile subscriber base of over 1.558 bln.”  Marbridge

EWY  Chinese nationals account for over 40 pct of foreign drug offenders arrested in S. Korea  Yonhap News

China court plans to set up national environmental fund: media  Reuters

Opinion  Scrap foreign ownership caps on China-listed firms, investor group says  Reuters

Opinion  EWC  China’s detention of two Canadians is a test  Financial Times

Politics  China to invite European diplomats to Xinjiang in new diplomatic push  Reuters

North Korea

EWY  Oil shipped to N.K. for liaison office not subject to sanctions: minister  Yonhap News

Japan to extend sanctions against North Korea by two years: NHK  Reuters

South Korea’s aid agency mulls development support to North Korea  Korean Herald

Asia

EWJ  Japan government downgrades economy view as U.S.-China trade war bites  Reuters

EWT  Taiwan export orders fall most in nearly 3 years as tech slump drags on  Reuters

EWT  Taiwan president to visit US despite Chinese opposition  Financial Times

EWY  Number of marriages falls to lowest level in more than four decades  South Korea  Korean Herald

EWT  Value of February orders down by 10.9 percent year-on-year: MOEA  Focus Taiwan

EWT  Taiwan shares close up 0.37%  Focus Taiwan

EWJ  Japan’s land prices climb for fourth year, aided by tourism  “Increase slows in big cities while residential prices elsewhere turn up”  Nikkei

Politics  EIDO  Indonesian president’s lead over election rival cut in new survey  Reuters

International

EWA  Australian dollar weakens as US-China trade worries reappear  Financial Times

Guatemalan judge orders arrest of former attorney general  Reuters

EWA  Australia cuts annual immigrant cap, puts key cities off-limits to some  Reuters

Politics  EWW  Mexican president talks trade, migration with Trump adviser Kushner  Reuters

Russia Ukraine

Plane Crash Deaths More Than Double in Russia – Aviation Authorities  Moscow Times

Russia’s top diplomat urges West to resume joint arms control efforts  TASS

Middle East

KSA  UPDATE 4-Germany’s SPD wants to extend arms export halt to Saudi  Reuters

TUR  Magnitude 5.6 quake hits western Turkey, no casualties  Reuters

TUR  Strong 6.4 quake hits southwest Turkey  Reuters

TUR  Why Turkish leader is showing Christchurch attack video  BBC World News

Opinion  Kuwait says U.S. Mideast peace plan should weigh regional considerations  Reuters

Africa

Amnesty says U.S. strikes in Somalia kill large numbers of civilians  Reuters

South Africa’s FDI inflows reach five-year high in 2018  Reuters

Kenyan police seize US$20 million of counterfeit banknotes from deposit box  Reuters

Linger  Number killed in southeast Africa cyclone rises to 350  Sky News

Isis Terror

Islamic State fighters pinned on Syrian riverbank, warplanes fly above  Reuters

ISIS Slogans in Baghouz Says Group ‘Here to Stay’  Asharq AL-awsat

Poll indicates 41% of Palestinians would vote for Hamas leader for president  Times of Israel

Climate Change

Flooding will go on in storm-ravaged U.S. Midwest  Reuters

EWA  Australia bank regulator expects climate to be included in risk management  Reuters

China phases out 280,000 T of ozone-depleting substances in 2018: Xinhua  Reuters

ECH  Drought wipes popular Chilean lake from the map  AFP

China phases out 280,000 tonnes of ozone-depleting substances in 2018: Xinhua  Reuters

70% chance of El Nino this year: Australia weather department  Economic Times of India

Medical Marijuana

Daily cannabis and skunk users run higher psychosis risk  Reuters

Seedo Partners With Israeli Kibbutz on Commercial Automated Cannabis Farming  CTech

Economics

Global shareholder returns nearly double since financial crisis  “Record-high earnings drive $2.38 trillion in investor rewards in fiscal 2018”  Nikkei

JGBs fall tracking German Bunds, U.S. Treasuries ahead of Fed decision  Reuters

Rupee opens 9 paise down at 69.05 against dollar  India  Economic Times of India

Millennial women are struggling financially  Fast Company

Opinion  When the U.S. falls into a recession, a credit bubble will explode  Marketwatch

Politics

Border Patrol says detention centers are full — and starts releasing migrants  LA Times

Joe Biden Tells Supporters He Plans 2020 Bid  “Former vice president asks for help in lining up contributions from major donors so he can quickly raise several million dollars”  WSJ

Candidates reach for the ticket to Democratic debates: 65,000 donors  Washington Post

White House ignores House panels’ requests for documents, Democrats say  Washington Post

In early campaigning, 2020 Democrats try out tactics for taking on Trump  Reuters

Asylum seekers returned from Mexico plead to stay in U.S.  Reuters

House Democrat says Trump appeared to influence Whitaker in Cohen case  Reuters

C.E.O.s Vote Republican With Their Wallets  NY Times

Opinion

BIT: LUX EURONEXT: EI  Investors Are Still Too Sunny on Ray Ban  “A row over who will lead the sunglasses brand’s newly merged parent threatens cost savings”  WSJ

UN: Gene editing for human reproduction is ‘irresponsible’  Stripes

Investors Have a FedEx Problem  “Weak results from the shipping giant bode poorly for the global economy, and investors don’t seem ready for a slowdown”  WSJ

Global IC output value to drop in 2019  Digitimes

World shares face end to winning streak as Fed looms  Reuters

The State of World Happiness in 2019  Gallup

Futurelook

Body Surrogate Robots Could Be Used To Help The Disabled  Ubergizmo

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