The Week of May 6, 2024 Newsletter

??THIS WEEK: Climate Action, Supply Chain, Artificial Intelligence, Healthcare, Sustainability, Trade

Get the inside scoop on the latest global updates, including critical economic insights and climate strategy updates. Arm yourself with our executive brief today! #governmentanalytica?#electricvehicles?#batteries?#pandemics?#artificialintelligence?#safety?#singleuseplastic?#globalhealth?#asean?#apec?#eu?#latinamerica?#chinabusiness?#techindustry?#lifescienceindustry?#medicaldevices?#pharmaindustry

Elevate your impact with our expert consulting services. Connect to discuss how data and analytics can complement your advocacy approach. Reach out today and let us help you lead the change.

Contact us for a free consultation to see how we can be of service to you.

HAPPENING THIS WEEK

Monday, 6 May

• USA: "Africa Dialogue Series Briefing" on the 2024 edition by Cristina Duarte and Jean-Paul Adam.
• Switzerland: "7th Session of the Intergovernmental Group of Experts on E-commerce and the Digital Economy" starts, organized by UNCTAD, until 8 May in Room XIX, Palais des Nations, Geneva.
• USA: "19th Session of the UN Forum on Forests (UNFF 19)" starts in New York City, continuing until 10 May.
• Tanzania: "18th International Conference on Community-based Adaptation to Climate Change" starts in Arusha, running until 9 May.
• Chad: "Presidential Elections." Second round, if needed, will be on 22 June 2024.
• China: Chinese President Xi Jinping is making his first tour of Europe in a few years with stops in France, Serbia and Hungary.?

Tuesday, 7 May

• South Africa: "Africa Climate Action Roundtable" starts in Johannesburg, continuing until 8 May.
• USA: House Judiciary Subcommittee on Courts, Intellectual Property, and the Internet - "Intellectual Property: Enforcement Activities by the Executive Branch"
• USA: House Appropriations Subcommittee on State, Foreign Operations, and Related Programs - "Budget Hearing – Fiscal Year 2025 Request for the U.S. International Development Finance Corporations"
• China: SCIO Press Briefing on Hubei Province Modernization, Beijing

Wednesday, 8 May

• USA: Senate Committee on the Budget - "Hearings to examine alleviating administrative burdens in health care, focusing on reducing paperwork and cutting costs."

Thursday, 9 May

• USA: "9th Multistakeholder Forum on Science, Technology and Innovation for the SDGs (STI Forum)" UN Headquarters, New York, until 10 May.
• USA: Senate Committee on Foreign Relations - "Hearings to examine the nominations of John N. Nkengasong, of Georgia, to be Ambassador-At-Large for Global Health Security and Diplomacy"
• China: SCIO Press Briefing on Henan Province Modernization, Beijing

Friday, 10 May

• USA: House Committee on Ways and Means - "Empowering Native American and Rural Communities"

Sunday, 12 May

• Lithuania: "Presidential Election"

GLOBAL ECONOMIC PULSE

USA: The Global Supply Chain Pressure Index (GSCPI) will be released, offering insights into the current state of global supply chains. The SCE Housing Survey is scheduled, providing updates on housing market conditions. The Consumer Credit Panel will present information on consumer borrowing trends. The Wholesale Trade report will be released, giving data on wholesale trade activity. Initial Claims data will offer insights into the labor market.? The Michigan Consumer Survey (Preliminary) will present consumer sentiment data.

EUROPE:? The Euro-Area experienced sluggish economic growth, expanding only by 0.1% in the first quarter (1Q). Despite this modest increase, the region may have escaped a technical recession.? The Bank of England is expected to maintain its current interest rates without changes.

ASIA:? Australia: The Reserve Bank of Australia (RBA) is expected to announce a decision, following a surprising rise in inflation during the first quarter (1Q).? China: The country is expected to release a significant amount of economic data, particularly focusing on credit and export figures.? Key Asian Pacific emerging markets will see significant central bank decisions, including Malaysia, which is expected to keep its interest rate at 3.0%.

LATIN AMERICA:? Panama is gearing up for crucial elections.? Brazil will maintain its interest rate at 10.75%.? Peru is expected to retain its interest rate at 6.0%.

AFRICA:? South Africa is preparing for significant elections.

Earnings Reports This Week

Monday (May 6): Tyson Foods Inc. (TSN), BioNTech SE (BNTX), Vertex Pharmaceuticals (VRTX), Microchip Technology Inc. (MCHP), Palantir Technologies Inc. (PLTR), Realty Income Corp. (O), Simon Property Group Inc. (SPG)

Tuesday (May 7): Walt Disney Co. (DIS), BP PLC (BP), Duke Energy Corp. (DUK), Datadog (DDOG), Arista Networks (ANET), McKesson Corp. (MCK), Occidental Petroleum Corp. (OXY), Coupang (CPNG), Astra Labs Inc. (ALAB)

Wednesday (May 8): Uber Technologies (UBER), Anheuser-Busch Inbev SA (BUD), Arm Holdings (ARM), Airbnb Inc. (ABNB), Trade Desk Inc. (TTD), HubSpot Inc. (HUBS)

Thursday (May 9): Constellation Energy Corp. (CEG), Roblox Corp. (RBLX), Hyatt Hotels Corp. (H), Mettler-Toledo International Inc. (MTD), Akamai Technologies Inc. (AKAM)

Friday (May 10): DigitalOcean Holdings Inc. (DOCN), Construction Partners Inc. (ROAD)

?

LEGISLATION, REGULATIONS and REPORTS

For a copy of our complementary analysis on each of the topics below please contact us.

HEALTH CARE

MINNESOTA

Minnesota Antibiotic Stewardship: The 2024 Minnesota Department of Health report on antibiotic use shows an increase in outpatient prescribing nearing pre-pandemic levels. The report highlights declining antibiotic use in respiratory infections, expanding hospital data collection, and updates on stewardship programs, underscoring ongoing opportunities to improve antibiotic use. LINK

U.S.

U.S. Health People 2030 Clinical Indicators: Healthy People 2030, a U.S. Department of Health and Human Services initiative, outlines 359 measurable health objectives focusing on improving health and well-being. Key areas include social determinants of health, leading health indicators, and disparities data. A June 12 webinar will address air quality and lung health.?? LINK

INTERNATIONAL

India MedTech Market: Healthcare Industry in India The Indian health-tech market is expected to grow at a CAGR of 39% and touch US$ 50 billion by 2033. LINK

ARTIFICIAL INTELLIGENCE

MINNESOTA

University of Minnesota data Sciences Institute: University of Minnesota data Sciences Institute is hosting a 3-day event series from May 22nd to 24th brings together leading researchers, policymakers, and industry professionals to discuss GenAI (Generative AI) foundations, societal impacts, and health data applications. The series includes keynotes, presentations, and lightning talks, highlighting cutting-edge research and insights across various disciplines. LINK

U.S.

U.S. AI Guidance: The National Institute of Standards and Technology (NIST) released draft guidance to enhance artificial intelligence system safety, as outlined in President Biden’s Executive Order. This guidance focuses on managing AI risks, secure software practices, digital content transparency, and global AI standards. NIST also launched the "NIST Generative Artificial Intelligence" program to assess AI tools’ abilities to identify synthetic content. The United States Patent and Trademark Office (USPTO) seeks public feedback on AI's impact on patent laws, reflecting a government push to regulate AI and urging organizations to align with evolving guidelines. LINK

INTERNATIONAL

AI in Medtech: From the FDA to the EU, balance between innovation and regulatory frameworks are paving the way for safe and innovative AI in healthcare. Discover how in our executive brief!

MOBILITY and TRANSPORTATION

MINNESOTA

The State’s 2024-2027 STATE TRANSPORTATION IMPROVEMENT PROGRAM (STIP) was published a few weeks ago. ?LINK

U.S.

U.S. Port Investments: The Port Infrastructure Development Program (PIDP) offers $450 million in federal funding for FY 2024 to enhance safety, efficiency, and reliability in goods movement through ports. Of this, $112.5 million is reserved for small projects at small ports, defined by annual cargo tonnage below 8 million short tons. Grants are awarded competitively. LINK

INTERNATIONAL

Global Supply Chain Challenges: S&P Global has published its supply chain industry outlook for 2024 is shaped by a decade of disruptions, including trade tensions, pandemics, and geopolitical conflicts. While operational normalization has occurred, significant risks in industrial policy, labor, and environmental spheres persist. Investments in supply chain resilience, driven by technologies like generative AI, face challenges due to shrinking profits and high financing costs. LINK

SUSTAINABILITY

MINNESOTA

A recent report from Clean Energy Economy Minnesota and the Business Council for Sustainable Energy highlights Minnesota's success in producing over 50% of its energy from carbon-free sources for the fourth consecutive year. The state has achieved a 10% annual reduction in electricity sector greenhouse gas emissions, reflecting the positive impact of legislative action on climate change. Minnesota continues to lead the way in the transition to carbon-free energy.? LINK

U.S.

Faster Federal Permitting: The Biden-Harris Administration has implemented a final rule, led by the Council on Environmental Quality (CEQ), to streamline the National Environmental Policy Act (NEPA) review process. This rule, part of a broader government initiative, enhances permitting efficiency and effectiveness, accelerates environmental reviews, and strengthens environmental protections, utilizing new tools and guidelines to expedite project approvals.?? LINK

INTERNATIONAL

EU Climate Strategy Update: Climate change poses immediate challenges for Europe, with intensified weather events causing significant human and economic losses, particularly from heatwaves. Adaptation measures like resilient infrastructure and nature-based solutions are crucial for improving resilience, but insurance coverage gaps hinder recovery. Enhancing coverage and implementing climate-adaptive infrastructure will strengthen Europe's climate resilience.? LINK

Contact us for a free consultation to see how we can be of service to you.

?