Early Global News: Wednesday May 15th, 2019

Early Global News

Wednesday May 15th, 2019


MBA: Mortgage Applications Decreased in Latest Weekly Survey  Calculated Risk

Wednesday: Retail Sales, Industrial Production, Homebuilder Survey, NY Fed Mfg  Calculated Risk


GE CREE LEDS KOPN  Lighting LED Package Products Prices Drop by a Small Margin in April, with Suppliers Searching for a Way Out Via Niche Market Development, Says TrendForce  LED Inside

GS  Goldman Sachs to sell fixed income products in South Africa, seeks licence  Reuters

Broadband firms must tell customers about best deals-UK regulator  Reuters

HCMLF  LafargeHolcim CEO eyes up to 10 deals this year  Reuters

BID  Monet ‘Haystacks’ painting sells for record $110.7 million at auction  Reuters

LM  Peltz’s Trian Fund may push for changes at mutual fund Legg Mason  Reuters

SPSTF  SingPost, Synagie to offer on-demand SMB warehousing services  “Singapore Post and Synagie have partnered to offer cloud-based warehousing and fulfilment services aimed at small and midsize businesses in Singapore and Southeast Asia, as the two companies look to tap the region’s booming internet economy.”  ZDNet

SSNLF  Samsung’s 3nm process targeted at chips for cloud  ZDNet

WIMHF  William Hill advert linked betting to sexual success  BBC World News

BCS  BoE warned prosecution could destablise Barclays  Financial Times

VNTR  Venator Commences Suit Against Tronox to Recover Break Fee  Press Release

BRO  Brown & Brown, Inc. Announces the Asset Acquisition of United Development Systems, Inc.  Press Release

MU WDC  Chipmakers gearing up for transition to 90/96-layer 3D NAND process technology  Digitimes

TSM  TSMC board approves nearly US$4 billion for advanced-node manufacturing  Digitimes

SFTBY  Collaborative robots gaining momentum as automation tools for SMEs  Digitimes

AUO  AUO to showcase mini LED-backlit LCD products at Display Week  Digitimes

Stake Changes

Turkey’s Arkas Holding says secured $800 mln refinancing loan from 18 banks  Reuters

WMT  Walmart mulls stock market listing for UK arm Asda  Reuters

CrowdStrike, a cybersecurity unicorn, files to go public  TechCrunch

SFTBY  SoftBank leads US$200 million investment in India’s Grofers  Reuters

IDG Capital Co-Leads $145M New Round In Chinese Co-Working Space Operator  China Money Network

VIRT  Virtu Announces Upsizing and Pricing of its Secondary Offering  Press Release

Earnings Finance

Apple supplier Japan Display mulling cutting around 1,000 jobs: Nikkei  Reuters

XLNX  Xilinx forecasts fiscal 2020 revenue above Wall Street expectations  Reuters

WBAI  500.com Limited Announces Change of Board Composition  Press Release

BABA  Alibaba revenue beats estimates on cloud boost; shares rise  Reuters

Pharmaceuticals Healthcare

PSTI  Lead Physicians in Pluristem’s Pivotal Study in Critical Limb Ischemia Publish Peer-Reviewed Paper  Press Release

NVS  Novartis defeats challenge to validity of Afinitor patent  Reuters

Alabama Senate bans nearly all abortions, including rape cases  Reuters

BIIB  NHS England, Biogen reach deal on pricey drug for deadly disorder  Reuters

DSKYF  FDA advisory panel votes against Daiichi Sankyo’s blood cancer treatment  Reuters

Two new ventures strike deals with drug makers to combat generic shortages  “nderscoring concerns about ongoing drug shortages, two different ventures representing hundreds of hospitals across the U.S. are announcing separate deals on Wednesday in which manufacturers have agreed to provide medicines that are in short supply.”  Stat

GILD  Gilead struck anti-competitive deals to bolster profits on an HIV drug, lawsuit says  Stat

GE  Boston Children’s partners with GE Healthcare to develop radiology AI  Business Journals

CYRX  Cryoport Expands into Biostorage through the Acquisition of Cryogene  “Acquisition expands Cryoport’s offerings to include biostorage solutions for life sciences commodities and further develops Cryoport’s Chain of Compliance™”  Press Release

MTNB PFE GSK.L  Matinas BioPharma Announces a Research Collaboration with ViiV Healthcare to Evaluate Formulation of Antiviral Drug Candidates  Press Release

PHE  Pfizer’s atopic dermatitis treatment meets goals in late-stage study  Reuters

JNJ  Johnson & Johnson to submit applications for at least 10 new drugs by 2023  Reuters

Linger  NVS  Novartis’ cancer treatment Kymriah gets Japan nod at cost of $305,800  Reuters

Entertainment Games

LSE: CINE  Cineworld to sell, leaseback some U.S. cinemas  Reuters

NFLX  Sorry, ‘Friends’ fans: WarnerMedia has decided to pull its shows from Netflix  Boy Genius Report

Italy’s oldest club Genoa to be put up for sale  Channel NewsAsia

NFLX T  Netflix is Losing Some of Its Most Popular Shows, Thanks to AT&T  eg  Gizmodo

NTES TCEHY  China’s PC gamers will exceed US population in 2023: report  TechNode

Military Surveillance

LMT  Early version of U.S. House bill seeks to bar F-35 from Turkey  Reuters

India set to export missiles to SE Asia, Gulf  Economic Times of India

TMO  DLA Selects Fisher Scientific for $312M Lab Equipment Supply Contract  GovConWire

Blockchain Bitcoin

Rise of smaller rivals throws up fresh challenge to bitcoin  Reuters

‘Privacy coin’ Monero offers near total anonymity  Reuters

As bitcoin soars again, has crypto winter turned to spring?  Quartz

RIP Cryptopia, the seminal exchange that supported over 500 shitcoins  The Next Web

Casinos Gambling

Strong GGR in VIP, mass might deliver growth in May: brokers  GGRasia

Paradise Co swings into red in 1Q as casino sales slide  GGRasia

Okada Manila EBITDA to keep growing: Universal  GGRasia

Wakayama IR policy via expert panel, first meeting soon  GGRasia

New gaming industry standards for kiosks out now from GLI  GGRasia

MGM China CEO downplays U.S.-China trade war jitters  GGRasia

Imperial Pacific seeks new deadline on Saipan: report  GGRasia

Rivers Casino is building a sports betting lounge — here’s a look at the plan  Business Journals

CZR  Caesars Entertainment Announces Sale of Its Interest in Emerald Resort & Casino to South Africa-Based Peermont Hotels, Casinos and Resorts  Press Release

Social Media

‘Fortnite billionaire’ envisions VR social media  Korean Herald

Selena Gomez: ‘Social Media Has Been Really Terrible For My Generation’  Variety


Facebook restricts Live feature, citing New Zealand shooting  Reuters

Death of Malaysian teen after Instagram suicide poll sparks calls for probe  Channel NewsAsia

Facebook introduces ‘one strike’ rule to stop hate speech on live streams  Financial Times

Travel Hotel

BA  Pilots confronted Boeing about 737 Max before second crash – CNET  Cnet

BA  Boeing Jet Sales Have Tanked in the Wake of 737 Max Crashes  Gizmodo

CTRP TOUR  China has been building its aviation prowess for decades. Could the Max crisis help its ascent?  Quartz

Virgin Hyperloop One raises $172 million to advance its futuristic transportation dreams  The Verge

BA  Fears of flying Boeing’s 737 MAX won’t get in way of price conscious ticket shoppers: Reuters/IPSOS poll  Reuters

BA  FAA Didn’t Treat Suspect 737 MAX Flight-Control System as Critical Safety Risk  “Conclusion is part of internal agency review of jetliner certification process”  WSJ

AAL  American Airlines makes big leap in ranking of world’s best airlines  Business Journals


CREE  Cree Becomes Exclusive Silicon Carbide Partner for Volkswagen’s EV Acceleration  LED Inside

VOLVY  Volvo taps Asia’s LG Chem, CATL for long-term battery supplies  Reuters

LGCEY  LG Chem says it has won EV battery supply deal with Volvo Cars  Reuters

UBER LYFT  Uber drivers are contractors, not employees, U.S. labor agency says  Reuters

LTHM  Livent aims to boost lithium sales to EV sector by 2020  Reuters

TSLA  Watch Tesla’s ‘Sentry Mode’ capture two men keying a Model 3 for no reason  Boy Genius Report

NSANY  Nissan’s US operations are still having a rough go of it, report says – Roadshow  Cnet

UBER  Uber has a solution for chatty drivers  Engadget

LYFT UBER  Report: Accused Somali War Criminal Living in the US Drove for Uber and Lyft  Gizmodo

Chinese electric carmaker Xpeng to jump into ride-hailing despite Didi’s losses  Tech in Asia

India’s ride-hailing firm Ola is now in the credit card business, too  TechCrunch

2020 Audi A4 Brings Traffic Light Information to Europe, More Models to Follow  Autoevolution

VLKAY TSLA  Audi goes after Tesla Supercharger V3: ‘sustained power beats top power’  Electrek

SK Innovation to invest W580b in second Chinese battery plant  Korean Herald


WBA SEHK: 1  Diet pills sold to teenager by UK stores, BBC report finds  “Boots, Superdrug and Holland & Barrett have broken their own policies by selling diet pills to a 17-year-old without checking for ID, the BBC has found.”  BBC World News

VSI GNC  Glucosamine supplements ‘may cut heart risk’  BBC World News

AMZN (FDX UPS)  Jeff Bezos breaks ground on $1.5B Amazon cargo hub for 100 Prime Air planes  Digital Trends

UBER  Uber Eats Its Way to New Revenues Amid Post-IPO Profitability Concerns  Fortune

KO PEP MNST  Soda sales fizzled thanks to Philadelphia’s pop tax  Popular Science

(BYND)  Impossible Foods warns of possible Impossible Burger shortage  The Mercury News

AOBC  Senator Harris to promise ban on U.S. imports of some high-powered guns  Reuters

BBY HPQ DELL  PC vendors looking to raise prices in US, says paper  Digitimes

QSR (MCD PZZA CMG)  Restaurant Brands aims for 40,000 outlets globally in 8-10 years  Reuters

IKEA says in final stages of talks to invest in Northvolt  Reuters

EBAY  AI translation boosted eBay sales more than 10 percent  The Verge


5G Networks Will Likely Interfere With US Weather Satellites, Navy Warns  Ars Technica

Huawei in bid to grow enterprise business amid scrutiny on key telecoms segment  Reuters

Trump expected to sign order paving way for U.S. telecoms ban on Huawei  Reuters

Virgin Mobile to compensate disgruntled customers  Daily Mail

SSNLF  Samsung and Huawei drop lawsuits in latest smartphone truce  “Move to settle patent dispute comes as global sales slow”  Nikkei

China smartphone sales fall to 71.7 million units in 1Q19  Digitimes

US-China trade war pushes Apple and Samsung deeper into India  “Chinese smartphone makers also among those ramping up manufacturing and sales strategies”  Nikkei

Apple suppliers Foxconn and Japan Display both report disappointing financials  9to5Mac

Linger  S-China trade war could inflate iPhone costs by 3%  TechNode

Energy Commodities

USO  Rising U.S. oil output helping fill gap left by Iran, Venezuela: IEA  Reuters

KOL  Rothschild withdraws from advising Adani on Australia coal project  Reuters

China’s big-three oil giants now all active in offshore wind  ReCharge News

Australia to import wheat for first time in a decade  Financial Times

Global energy investment held steady above $1.8tln in 2018 — IEA  Pv magazine

Emerging markets are driving solar towards the world’s preferred energy source  Pv magazine

AEIS  Advanced Energy to Acquire Artesyn Embedded Power  Press Release

IEA warns supply uncertainty could lead to oil market shortage  “The oil market could face a shortage requiring Opec countries and other big producers to raise output when they next meet in June.”  Financial Times

Jeremy Corbyn draws up plans to seize control of UK’s energy with sweeping nationalisation of networks Save  “eremy Corbyn has drawn up plans to take control of Britain’s energy networks in a multi-billion pound power-grab modelled on the nationalisation of Northern Rock.”  UK Telegraph


FCX  Copper rises on renewed trade deal hopes, Germany’s growth recovery  Reuters

AA  Copper rises on trade hopes; aluminium seen pressured by strong China output  Reuters

SPVEF  Australia’s St Barbara snaps up Canada’s Atlantic Gold for $536 mln  Reuters

GLD  Gold steadies off 1-month peak on Sino-U.S. trade talk hopes  Reuters

SLV  How An “Explosion” Of The Silver Price Could Take Place  Kitco

British Steel crisis talks amid fears company employing thousands will collapse  The Mirror

Military stake stymies $4bn Zimbabwe platinum project  Bloomberg


Wife of ex-Interpol chief Meng Hongwei granted asylum in France: lawyer  Reuters

Insurers face millions of euro in cartel probe fines  “Vestager launches major EU probe into motor insurance to check if competition is stifled”  Irish Independent

Number of people with dementia living alone predicted to double  England  The Guardian

EWU  Visa’s UK Consumer Spending Index  ” April sees further slight fall in consumer spending”  iHS Markit

GREK  Post bailout, Greece offers tax breaks, pension bonus  Reuters


China says it is only taking actions in self defense in U.S. trade dispute  Reuters

As trade war bites, China’s Xi preaches openness  Reuters

BABA JD  China’s retail sales growth falls to 16-year low as trade war risks rise  Reuters

China April industrial output cools, retail sales growth falls to 16-year low as trade risks rise  Reuters

U.S. lawmakers want to tighten visas for Chinese students, researchers  Reuters

China ‘Green Shoots’ Are Dead – Retail Sales, Industrial Production, & FAI Slump  Zero Hedge

Bill introduced to ban Chinese military scientists  India  Economic Times of India

Online encyclopedia Wikipedia blocked in China ahead of Tiananmen anniversary  Reuters

CSIQ JKS  China starts first round of intensified anti-pollution checks  Reuters

Medical costs force Chinese family to choose who gets treatment  South China Morning Post

SINA WB  China employs social media in trade tussle with US  “Dispute perceived online as a challenge to Beijing’s sovereignty”  Nikkei

Sources: China scrapped 30% of draft trade deal  “Pages went from 150 to 105 after Chinese leadership objected to ‘unequal treaty'”  Nikkei


U.S. says China’s focus on its South China Sea operations unwarranted  Reuters

EIDO  Indonesia tightens security ahead of presidential race result  Reuters

EWJ  Nikkei snaps 7-day losing streak helped by China’s stimulus hopes  Reuters

INDA  Monsoon to hit India on June 6: weather office  Reuters

Magnitude 7.5 quake hits off Papua New Guinea, teams assess damage  Reuters

EWS  New private home sales fall 30% in April from March amid sharp drop in launches  Channel NewsAsia

INDA  India’s running out of cash in hand  “​The surprise squeeze could be an obstacle in interest rate transmission.”  Economic Times of India

EWT  Taiwan shares close up 0.39%  Focus Taiwan

EWY  Jobless rate hits 19-year high in April, job creation slows  “South Korea’s job market prolonged its downswing in April, with unemployment reaching its highest point in 19 years, government data showed Wednesday.”  Korean Herald

7 NK defectors detained in China: Human Rights Watch  Korean Herald


Venezuela’s top court accuses more lawmakers of treason; congress building closed  Reuters

Venezuela’s Guaido tells Canada PM he wants elections as soon as possible: Ottawa  Reuters

Brazil sees Venezuelan military deciding Maduro’s fate: security aide  Reuters

Glasgow aims to become UK’s first net-zero emissions city  Reuters

Russia Ukraine

Russians Hacked Two Florida Counties in 2016, But We Don’t Know Which  (default)

Kremlin protests over U.S. arrest of Russian accused of smuggling fighter jet manuals  Reuters

Ukraine slaps new economic sanctions against Russia  TASS

TM  From Uniqlo to Toyota, Japanese companies take crack at Russia  “Big attraction: new consumer habits in 15 cities with populations of at least 1m”  Nikkei

Russia Eases Arms Resale Rules to Evade Sanctions – Reports  Moscow Times

Middle East

Washington orders some U.S. government employees to leave Iraq  Reuters

TUR  In another lira-boosting move, Turkey raises a forex sales tax  Reuters

Iran halts some commitments under nuclear deal  Reuters

Saudi-backed Yemen forces attack Houthi sites: Al Arabiya  Reuters

Iran’s supreme leader makes uranium enrichment threat  Economic Times of India

Iraq to purchase Rusia’s S-400 missile systems  TASS


Sudan military council, opposition inch closer to final deal  Reuters

Sudan committee to investigate targeting of protesters: military council  Reuters

Sudan transition to last three years: military council  Reuters

Medical Marijuana

Tilray, Aurora Cannabis sales jump after Canada legalizes recreational marijuana  Reuters

Aurora Cannabis third-quarter revenue jumps 20%  Reuters

EWC  StatsCan: Over Half a Million Canadians Use Cannabis at Work  Leafly

Tilray CEO says marijuana companies lied about how much pot they could grow  Marketwatch


North Carolina ‘bathroom bill’ sponsor wins Republican nod for rerun of 2018 U.S. House race  Reuters

Donald Trump Jr. agrees to Senate committee interview: source  Reuters

Biden Maintaining Majority Favorable Rating  Gallup

GOP Strategists Want Trump to Stop His Biden Jokes: Report  New York Magazine

The Trump Admin Is Scrubbing Obamacare From Government Sites  Wired

GOP officials unsatisfied with some answers from Kushner during immigration meeting: report  The Hill

3 Florida radio stations to broadcast Trump speeches every hour until 2020 election  The Hill

Dems plan 12-hour marathon Mueller report reading at Capitol  The Hill

AOBC  Kamala Harris wants ban on importing AR-15-style assault weapons  NY Post

Jared Kushner skirts GOP senators’ key questions on his immigration plan  Washington Post

TSA to deploy hundreds of personnel to southern border: report  NY Post


One of world’s biggest funds isn’t lured by sell-off in stocks  Economic Times of India

U.S. growth would have contracted without trillions in gov’t, consumer debt -Gundlach  Reuters


Scientists Help Artificial Intelligence Outsmart Hackers  (default)

Armed Patriots Vow Continued Patrols As Monthly Border Crossings Reach 100,000  Zero Hedge

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