26May/20

CRU: Multi Commodity Outlook

Over Q1 2020, COVID-19 has developed from an emerging threat to a transformational reality with potentially long-lasting effects on economic growth. All optimism for commodity markets at the start of the year was quickly extinguished as the coronavirus emerged in Wuhan, China. Prices have been dragged down further by dire market fundamentals which were a result of government-imposed lockdowns in the major global economies. Both supply and demand have been lowered across the board, but demand has been harder hit and will be slower to make a recovery. Most commodities have further to fall from here. There has been a profound human cost to the pandemic and the economic fallout of governments’ responses is just starting to be counted. Read more

26May/20

NJHA Charts Rise and Fall of COVID Hospitalizations; Peak Occurred April 14

A new bulletin from the New Jersey Hospital Association reviews the “rise and fall” of COVID-19 in New Jersey hospitals, charting the peak day of hospital activity on April 14 and the steady decline that is bringing the state’s hospitals close to pre-COVID capacity levels. Read more

25May/20

Berger Montague Class action lawsuit: Big Pharma firm Gilead Sciences sent envelopes marking recipients as users of HIV medication

An Alabama man was mortified when an envelope for him with the return address HIV Prevention Team in bold red lettering turned up in his workplace mailroom. An Indiana man, who is so protective of his confidentiality that he fills his HIV-related prescriptions at a different pharmacy chain from where he gets his other medications, was shocked to receive the same mailing. Read more

25May/20

Sogou Introduces World’s First 3D AI News Anchor

Sogou Inc. (NYSE: SOGO) (“Sogou” or “the Company”), an innovator in search and a leader in China’s internet industry, today jointly launched the world’s first 3D AI News Anchor with Xinhua News Agency, a national news agency in China. The 3D AI News Anchor features the latest generation of the Sogou AI Vocational Avatar technology, which employs 3D modeling and cutting-edge AI technologies to create true-to-life avatars of human beings. The breakthrough demonstrates comprehensive improvements in movement and flexibility, interaction capability, and applications, which will further drive innovation in the news industry. Read more

25May/20

Flirtey’s New Granted Patent is Instrumental for Drone Delivery

Flirtey, the pioneer of the commercial drone delivery industry, announced today it has been granted a critical patent for the safe and precise drone delivery of packages. This key patent describes a combination of hardware and software that enables the delivery of packages by a drone, potentially lifting the package to pick it up, holding it securely and lowering it once at the point of delivery. Read more

24May/20

CRU: China to Announce More Than RMB 5tn of Stimulus

China will set out its major economic objectives and policy goals for 2020 at the National People’s Congress. We expect fiscal stimulus of 5-8% of nominal GDP to be announced, half the size of the stimulus that followed the GFC. Most of this stimulus will come in the form of bond issuance (e.g. special treasury bonds and local government special bonds). The biggest beneficiary of this stimulus will be the transport and infrastructure sectors. On monetary policy, we do not expect aggressive interest rate cuts or QE; but efforts will continue to ensure financial markets remain liquid, through lending targets and RRR cuts. Read more