Teva to donate over $15 bln worth of drugs in opioid settlement - source (Wed, 16 Oct 2019)
Teva Pharmaceuticals is in talks to contribute over $15 billion worth of drugs as part of a settlement to resolve lawsuits alleging it helped fuel the U.S. opioid crisis, a source familiar with the matter told Reuters on Wednesday. The news follows media reports that major drug distributors McKesson Corp, AmerisourceBergen Corp and Cardinal Health are discussing with governments to settle thousands of opioid-related lawsuits for $18 billion. The companies, including Teva, are all defendants in a landmark trial set to begin in federal court in Cleveland, Ohio, on Oct. 21, which will be presided over by U.S. District Judge Dan Polster, who has long pushed for a global settlement of the litigation.

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Shipping ETF Rallies on Increased Geopolitical Risks (Thu, 17 Oct 2019)
A shipping themed ETF has been quietly outperforming as tanker rates surged to record heights amidst a spike in geopolitical uncertainty.

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Natural Gas Price Fundamental Daily Forecast – EIA Storage Report Expected to Show Triple-Digit Build (Thu, 17 Oct 2019)
Early estimates are currently pointing to a triple-digit build from today’s EIA weekly storage report. This would mark the third 100 Bcf-plus injection in the past four weeks.

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UPDATE 1-Colombia awards $4 billion contract for Bogota metro to China-Canada consortium (Thu, 17 Oct 2019)
A $4 billion contract to build a metro in the Colombian capital was awarded to a consortium of China's Harbour Engineering Company, Xi'an Metro Company and Canada's Bombardier Inc, the government said on Thursday. Metro Director Andres Escobar said the consortium, known as Apca Transmimetro, will construct the project and operate it for 20 years. The group beat out the other international consortium that submitted bids, which consisted of Mexico's Carso Infraestructura y Construccion and Promotora de Desarrollo de America Latina, Spain's FCC Concesiones de Infraestructura and Ferrocarril Metropolita de Barcelona and France's Alstom SA.

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Snap launches dynamic ads to draw more advertisers (Thu, 17 Oct 2019)
Snap Inc. said on Thursday it is introducing dynamic advertising that automatically create ads and target audiences in real-time, as the parent company of photo messaging app Snapchat looks to compete for digital ad dollars. Snap has grown revenue and its userbase as larger rivals Alphabet's Google and Facebook Inc, which dominate the global digital advertising market, face regulatory scrutiny over their market control. Both Google and Facebook already offer dynamic ads.

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