??THIS WEEK: U.S. DOT Budget, Medicaid Access, AI Regulation, Healthcare Guidelines, Mobility Initiatives, Sustainability Standards
See our free special report on proposed 2025 U.S. Department of Transportation Spending here: LINK
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Analysis of the Week: U.S. Dept of Transportation Proposed 2025 Budget
Free Download: Read our "U.S. Department of Transportation FY 2025 Budget Highlights" to learn about funding and priorities for the U.S. Department of Transportation (DOT) for fiscal year 2025. U.S. DOT plans to continue historic investments in infrastructure, focusing on safety, modernization, and efficiency in aviation, highways, rail, and maritime.
HAPPENING THIS WEEK
Monday, 29 April 2024
- USA: House committees are reviewing various bills comprising the U.S. National Budget for next government fiscal year.
- Italy: "Towards a High-level Dialogue on the Global Framework on Water Scarcity in Agriculture (Water Scarcity in Agriculture)" begins, continuing through 30 April.
Tuesday, 30 April 2024
- USA: "House Energy and Commerce Subcommittee on Health hearing" on Legislative Proposals to Increase Medicaid Access and Improve Program Integrity.
- Italy: "Group of Seven Ministerial Meeting on Climate, Energy and Environment" concludes.
Wednesday, 1 May 2024
Thursday, 2 May 2024
- United Kingdom: "Local elections" including mayoral elections in major urban areas like London, Liverpool, and Manchester.
Friday, 3 May 2024
Saturday and Sunday, 4 and 5 May 2024
- A quiet weekend in politics
GLOBAL ECONOMIC PULSE
- USA: Key economic activities focus on the Federal Reserve’s FOMC meeting with significant anticipation around its policy outlook and interest rate decisions. Alongside, data releases include the labor market report and ISM PMI, expected to show moderate growth and inflation dynamics. The US market also awaits the impact of these developments on potential future rate cuts.
- EUROPE: For the Euro-Area, resilience in economic performance is anticipated with forthcoming GDP data, which could influence the ECB’s upcoming decisions, particularly regarding interest rates. Germany and France are expected to showcase improved GDP growth, enhancing the regional economic outlook. Additionally, inflation data from the Eurozone will be critical in guiding the ECB's policy adjustments, especially with previous months showing notable increases. Emerging economies such as Poland, and Turkey are set to release inflation data.
- ASIA: In Asia, China remains a focal point with upcoming NBS and Caixin manufacturing PMI data expected to provide insights into the manufacturing sector's health. Japan will contribute to the regional economic picture with releases on industrial production, employment figures, and consumer confidence, offering a comprehensive view of its economic stability. Emerging economies such as Indonesia is set to release inflation data.
- LATIN AMERICA: Colombia, with an interest rate decision announced at 12.25%, leads the economic news in Latin America. Mexico will also be closely watched for its GDP and inflation figures. Emerging economies such as Peru is set to release inflation data.
Key Earnings Reports This Week
- Monday (Apr. 29): ON Semiconductor Corp. (ON), Domino's Pizza (DPZ), NXPI Semiconductors NV (NXPI), Welltower Inc. (WELL), MicroStrategy Inc. (MSTR), SBA Communications Corp. (SBAC)
- Tuesday (Apr. 30): 3M (MMM), Eli Lilly & co. (LLY), Coca-Cola Co. (KO), McDonald's Corp. (MCD), Amazon.com Inc. (AMZN), Advanced Micro Devices (AMD), Stryker Corp. (SYK), Starbucks Corp. (SBUX), Super Micro Computer Inc. (SMCI)
- Wednesday (May 1): Mastercard Inc. (MA), Pfizer Inc. (PFE), Automatic Data Processing (ADP), CVS Health Corp. (CVS), Qualcomm Inc. (QCOM), DoorDash Inc. (DASH)
- Thursday (May 2): Linde PLC (LIN), ConocoPhillips (COP), Apple Inc. (AAPL), Amgen Inc. (AMGN), Booking Holdings Inc. (BKNG), Coinbase Global Inc. (COIN)
- Friday (May 3): Hershey Co. (HSY), Cheniere Energy Inc. (LNG), Cboe Global Markets Inc. (CBOE)
?LEGISLATION, REGULATIONS and REPORTS
For a copy of our complementary analysis on each of the topics below please contact us.
HEALTH CARE (telehealth, dental, ICD-10)
- GOVERNMENT ANALYTICA HIGHLIGHTS: Minnesota’s Medicaid practices supports extensive telehealth including live video, store-and-forward, remote patient monitoring, and audio-only services. Private payer laws mandate payment parity. Professional requirements include interstate medical and psychological licensure compacts (IMLC, PSY) with explicit consent. However, for Federally Qualified Health Centers (FQHCs), certain telehealth services like store-and-forward and audio-only are not reimbursed, and they cannot collect the Prospective Payment System (PPS) rate for telehealth.
- GOVERNMENT ANALYTICA HIGHLIGHTS: The 2022 National Health Interview Survey (Dental) revealed that 63.7% of U.S. adults aged 65 and older had a dental visit in the past year, with women more likely to seek care than men. Dental visits increased with higher income and education levels, and were more common among those with dental coverage. Conversely, older adults with chronic conditions like diabetes or heart disease, or those in poor health, were less likely to have visited a dentist. This underscores significant disparities in oral healthcare access among America's elderly population.
- GOVERNMENT ANALYTICA HIGHLIGHTS: The Centers for Medicare and Medicaid Services (CMS) and the National Center for Health Statistics (NCHS) have set forth comprehensive guidelines for utilizing the International Classification of Diseases, 10th Revision, Clinical Modification (ICD-10-CM). This essential document complements the official ICD-10-CM version and is a critical tool for diagnosing and coding in healthcare settings across the U.S. These guidelines, endorsed by entities such as the American Hospital Association and the American Health Information Management Association, prioritize the ICD-10-CM's instructions and conventions, underscoring the need for meticulous documentation to ensure accurate and effective coding. This coding system is mandatory under the Health Insurance Portability and Accountability Act (HIPAA), reflecting its pivotal role in healthcare documentation and billing.
ARTIFICIAL INTELLIGENCE (hearings, U.S. national board, net-zero)
- GOVERNMENT ANALYTICA HIGHLIGHTS: The Minnesota Senate Jobs and Economic Development Committee, under the leadership of Senator Bobby Joe Champion, has organized an Informational Hearing on Artificial Intelligence (AI). Set for Wednesday, May 1st, 2024, this session will include insights from notable University of Minnesota experts including Shashank Priya, Vice President for Research; Vipin Kumar, Regents Professor and Data Science Initiative Director; Galin Jones, Professor of Statistics; Genevieve Melton-Meaux, Director of the Department of Surgery; and Jim Wilgenbusch, Director of Research Computing.
- GOVERNMENT ANALYTICA HIGHLIGHTS: The Department of Homeland Security (DHS) has established the U.S. Artificial Intelligence Safety and Security Board, as directed by U.S. President and overseen by DHS Secretary. This board, composed of leaders from diverse sectors such as technology, academia, and civil rights, aims to advise on the safe and secure deployment of artificial intelligence (AI) within critical infrastructure .? CEO’s of all of the following companies serve on this national board.? OpenAI, Anthropic, Delta Air Lines, Humane Intelligence, Center for Democracy and Technology, United States Conference of Mayors, Lawyers’ Committee for Civil Rights Under Law, Occidental Petroleum, NVIDIA, IBM, Stanford Human-centered Artificial Intelligence Institute, Microsoft, Adobe, Alphabet, White House Office of Science and Technology Policy, Cisco, Amazon Web Services, Advanced Micro Devices (AMD), Brookings Institution, Northrop Grumman, The Leadership Conference on Civil and Human Rights.
- GOVERNMENT ANALYTICA HIGHLIGHTS: According to a Nature commentary, as artificial intelligence (AI) continues to expand its influence across various sectors, it introduces significant questions regarding AI impact on global greenhouse-gas emissions and the race to net-zero. Although AI technologies promote substantial operational efficiencies and innovation, their environmental impact presents a dual challenge. Direct energy consumption by AI is minimal compared to other technologies, yet the indirect effects through enhanced efficiencies in diverse sectors could significantly alter emission dynamics. The article emphasizes the urgent need for scenario-based research to comprehensively understand AIs full environmental impacts.
MOBILITY and TRANSPORTATION (building projects, autonomous cars, best practices)
- GOVERNMENT ANALYTICA HIGHLIGHTS: According to a recent publication, U.S. Department of Transportation State Carbon Reduction Strategies: A View from Across the Country the Bipartisan Infrastructure Law (BIL) marks a significant stride in curbing climate pollution in the transportation sector by mandating state-level carbon reduction strategies focused on on-road highway sources. In collaboration with metropolitan planning organizations, these strategies are designed not only to meet but integrate broader transportation funding towards ambitious greenhouse gas reduction targets. The publication underscores diverse state methodologies and exemplary practices, showcasing the importance of public engagement, greenhouse gas inventories, and strategic alignment in legislative frameworks tailored to unique state circumstances.
- GOVERNMENT ANALYTICA HIGHLIGHTS: The Korea International Trade Association (KITA) has strategically partnered with Germany-based MobilityFund to foster the growth of the Gwangju Future Car Industrial Complex, a pivotal development in South Korea's southwestern city of Gwangju. This collaboration aims to boost the global competitiveness of promising startups and small to medium-sized enterprises specializing in future transportation technologies. Key initiatives include a demonstration project in Vietnam, participation in German mobility exhibitions, and concerted efforts with the Gwangju Green Car Promotion Agency to accelerate developments in self-driving and future mobility sectors.
SUSTAINABILITY (building codes, U.S. carbon reduction, China auto show)
- GOVERNMENT ANALYTICA HIGHLIGHTS: In a new piece of legislation under consideration (HF 5162), the Department of Administration and Department of Commerce, with contributions from other agencies, are tasked with establishing and maintaining Minnesota Sustainable Building Guidelines for all new state buildings and major renovations in Minnesota. These guidelines are designed to not only meet but exceed state energy codes by at least 30%, integrating a holistic approach that considers construction and operational costs, environmental impact, and long-term sustainability.
- GOVERNMENT ANALYTICA HIGHLIGHTS: According to a recent publication, U.S. Department of Transportation State Carbon Reduction Strategies: A View from Across the Country the Bipartisan Infrastructure Law (BIL) marks a significant stride in curbing climate pollution in the transportation sector by mandating state-level carbon reduction strategies focused on on-road highway sources. In collaboration with metropolitan planning organizations, these strategies are designed not only to meet but integrate broader transportation funding towards ambitious greenhouse gas reduction targets. The publication underscores diverse state methodologies and exemplary practices, showcasing the importance of public engagement, greenhouse gas inventories, and strategic alignment in legislative frameworks tailored to unique state circumstances.
- GOVERNMENT ANALYTICA HIGHLIGHTS: The 2024 Beijing International Automotive Exhibition is significantly marking the ascendancy of new energy vehicles (NEVs), with 278 models showcased. CATL, a trailblazer in battery technology, has introduced an innovative battery that supports a 1,000-km range and ultra-fast charging capabilities, dramatically changing the landscape of electric vehicle (EV) efficiency. Amidst this technological leap, China's new energy sector has seen a surge, with the new energy passenger car retail penetration rate surpassing 50%, signifying a pivotal shift towards sustainable automotive solutions.
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Managing Director I Regional Director Strategic Accounts I Government Markets I Digital Transformation I Customer First
10 个月Hi John. On April 30th earning reports , 3M is missing I guess