The Week of November 6, 2023 Newsletter

??THIS WEEK: US, EU, APEC, ASEAN, COP28 Prep, Value Based Care & EVs

A valuable roadmap for the week ahead! #GlobalEvents #PolicyImpact ???"Hot off-the-press government actions reshaping the economy, development, regulations, and business environment in just 5 minutes. #governmentanalytica?#electricvehicles?#batteries?#pandemics?#artificialintelligence?#safety?#singleuseplastic?#globalhealth?#asean?#apec?#eu?#latinamerica?#chinabusiness?#techindustry?#lifescienceindustry?#medicaldevices?#pharmaindustry

We live in a time of unprecedented change and opportunity, driven by megatrends that are transforming our world. These trends can either pose risks or open up opportunities for your business. Ignoring them could result in your organization falling behind. Contact us to see how we can help you with analysis and strategy!

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HAPPENING THIS WEEK

MONDAY

• The 6th China International Import Expo (CIIE) will be held in Shanghai November 5–10.
• GEO Week 2023 - 6-10 November 2023 | Cape Town, Western Cape, South Africa
• Asia-Pacific Climate Week 2023? - 6-10 Nov 2023 - Hosted by the government of Malaysia in Johor Baharu, the conference is a regional collaboration platform to provide region-focused contributions on: energy systems and industry; cities, urban and rural settlements, infrastructure, and transport; land, ocean, food, and water; societies, health, and livelihoods; and economies.
• The European Commission together with the Slovak Republic are hosting the 16th European Nuclear Energy Forum (ENEF) on 6-7 November 2023 in Bratislava.
• Australian prime minister visiting China.
• Today?the Food and Agriculture Organization of the United Nations (FAO)?will launch the flagship report "The State of Food and Agriculture 2023", which will be held under the theme "Revealing the true cost of food to transform agrifood systems".
• Today, the?United Nations Environment Programme (UNEP)?will hold a press conference on the major outcomes of the fifth meeting of the?Conference of the Parties to the Minamata Convention?(held in Geneva between 30 October and 3 November 2023). The event will be broadcast live on?UN Web TV.?
• The?second edition of World Local Production Forum: Enhancing access to medicines and other health technologies (WLPF)?will take place from 6 to 8 November.?Register here.
• This forum is a?World Health Organization?initiative that provides Member States and the global community with a regular platform to shape strategies, galvanize collective action, and foster partnerships on sustainable local production to improve timely and equitable access to quality assured health products

TUESDAY

• Smart City Expo World Congress 2023 - 7-9 November 2023 | Barcelona, Catalonia, Spain
• 2023 Data for Development Festival - 7-9 November 2023 | Punta del Este, Maldonado, Uruguay
• Brazil Investment Forum opens today with President Luiz Inácio Lula da Silva; the Vice President and Minister of Industry, Geraldo Alckmin; the Minister of Foreign Affairs, Mauro Vieira; the Minister of Planning, Simone Tebet; the Minister of the Environment, Marina Silva; the Minister of Economy, Fernando Haddad; the President of BNDES, Aloísio Mercadante; the President of Apex, Jorge Viana; the President of CNI, Ricardo Alban all participating.
• Nikkei and Swiss business school IMD will hold the two-day Global?Management Dialogue (formerly?Global Management Forum) in Tokyo. Business leaders will discuss how management executives should lead their companies in the rapidly changing environment, especially amid the spread of generative AI, big data and green tech. Some 20 executives, including James P. Gorman, chairman and CEO of Morgan Stanley, and Pat Gelsinger, CEO of Intel, will attend the Dialogue to discuss critical issues and offer their unique insights.
• The sixth India-Malaysia Joint Commission Meeting is scheduled to take place in New Delhi. The sides will review the progress of their "enhanced strategic partnership" in areas such as defense, trade and investment, health and technology.
• Foreign ministers from the Group of Seven industrialized economies will gather in Tokyo on Tuesday and Wednesday, with this year's chair, Japan, responsible for coordinating member countries' response.
• European Union Environment committee will adopt its priorities for the upcoming 2023 UN Climate Change Conference COP28 taking place in Dubai from November 30 to December 12. The conference will be the first one to take stock of the progress achieved since the Paris Agreement, the so-called "Global Stocktake".
• U.S. Senate Environment and Public Works Subcommittee on Transportation and Infrastructure - Meeting: Hearings to examine causes of roadway safety challenges and possible interventions.? Meeting Details
• Today, in Geneva,?the United Nations Conference on Trade and Development (UNCTAD)?launches the Least Development Countries Report 2023. This annual report provides a comprehensive and authoritative source of socio-economic analysis and data on the world′s most impoverished countries.
• Today, the?2023 Global Tuberculosis Report?will be released. The report provides a comprehensive, up-to-date assessment of the TB around the globe.?The World Health Organization?will hold a virtual press conference in Geneva at 4 p.m.

WEDNESDAY

• U.S. Senate Committee on Environment and Public Works - Meeting: Hearings to examine?accessing clean water infrastructure assistance, focusing on small, rural, disadvantaged and underserved communities.? Meeting Details
• U.S. Senate Health, Education, Labor, and Pensions Subcommittee on Primary Health and Retirement Security - Meeting: Hearings to examine?policy considerations for Artificial Intelligence in health care.? Meeting Details
• In a European Union debate on Wednesday and a vote on Thursday, MEPs are set to pave the way to the introduction of the next generation of EU "own resources", which will come from the Emission Trading System, the Carbon Border Adjustment Mechanism, and from additional taxes on corporate profits. The introduction of new own resources was agreed in a legally binding roadmap in 2020.
• Today, the?United Nations Environment Programme (UNEP)?and partners will launch the?2023 Production Gap Report, which tracks the misalignment between global levels of fossil fuel production being planned and projected by governments and those consistent with meeting the Paris Agreement’s temperature limit. An?embargoed media briefing?will be held in advance of the launch on 6 November at 9:30–10:30 a.m. EST/ 2:30–3:30 p.m. GMT/ 3:30–4:30 p.m. CET. The report is produced by Stockholm Environment Institute (SEI), Climate Analytics, E3G, International Institute for Sustainable Development (IISD), and UNEP.

THURSDAY

• Paris Peace Forum 2023 - 10-11 November 2023 | Paris, Ile-De-France, France
• European Parliament will adopt its position on new rules to lower pollutant emissions and set battery durability requirements for passenger cars, vans, buses and trucks.
• At 8 a.m., via a Zoom webinar, the World Public Sector Report 2023, titled “Transforming Institutions to Achieve the Sustainable Development Goals after the Pandemic” will be launched by?the UN Department of Economic and Social Affairs (DESA).

FRIDAY

• A slow day in politics.

SATURDAY + SUNDAY

• The APEC Economic Leaders’ Summit kicks off this weekend, running November 11–17. This is the climax of the United States’ year as chair of APEC. The week of meetings will bring 21 APEC Economic Leaders, ministers, the private sector, and other stakeholders together to engage on global challenges. These 21 countries account for nearly 40 percent of the global population, nearly 50 percent of global trade.
• The focus of the first two days are the meetings of senior finance officials from APEC member countries.
• China's biggest annual shopping blitz ends Saturday. It was originally initiated by Alibaba as a one-day event but now spans three weeks. This year's shopping season has been exceptionally competitive, with a "lowest price" war breaking out among e-commerce platforms.

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GLOBAL ECONOMIC PULSE

The upcoming week features several key economic events, including the Reserve Bank of Australia's decision and the ongoing third-quarter earnings reports. Federal Reserve Chair Powell will speak at the IMF Research Conference. Emerging markets (EM) will focus on interest rate decisions from Mexico, Peru, Poland, and Romania, with Poland expected to continue its rate-cutting trend. The Bank of England and the European Central Bank have halted rate hikes due to falling inflation, partly because of a freeze in fuel prices. Minutes from Brazil’s Central Bank will be reviewed after a significant interest rate cut, and October's inflation data will also be released. Additional inflation updates are anticipated from countries like Chile, China, Colombia, Czech Republic, Hungary, Mexico, Peru, Philippines, and Thailand.

Earnings Reports This Week:? Ryanair Holdings (RYAAY), Vertex Pharmaceuticals (VRTX), NXP Semiconductors (NXPI), Realty Income Corp. (O), Diamondback Energy (FANG), BioNTech (BNTX), Coterra Energy (CTRA), International Flavors & Fragrances (IFF), Celanese Corporation (CE), Aspen Technology (AZPN), Gilead Sciences (GILD), Uber Technologies (UBER), UBS (UBS), Air Products and Chemicals Inc. (APD), Occidental Petroleum (OXY), Emerson Electric (EMR), KKR & Co. (KKR), D.R. Horton (DHI), Coupang (CPNG), Rivian Automotive (RIVN), The Walt Disney Company (DIS), TC Energy Corp. (TRP), Biogen (BIIB), Corteva (CTVA), Manulife Financial (MFC), Warner Bros. Discovery (WBD), Franco-Nevada Corp. (FNV), Take-Two Interactive Software (TTWO), Roblox (RBLX), Kellanova (K), Honda Motor Company (HMC), Sony Corp. (SONY), AstraZeneca (AZN), Becton, Dickinson and Company (BDX), Brookfield Corp. (BN), Transdigm Group (TDG), Li Auto (LI), The Trade Desk (TTD), Illumnina (ILMN), News Corporation (NWS;?NWSA), Algonquin Power & Utilities Corp. (AQN) and StoneCo Ltd. (STNE)?

NOTEWORTHY REGULATIONS, LEGISLATION + REPORTS

Health Care

• Evaluating global health initiatives to improve health equity was published in the Bulletin of the World Health Organization
• The impact of UN high-level meetings on non-communicable disease funding and policy implementation was published in the British Medical Journal
• The Experiences of Strategic Purchasing of Healthcare in Nine Middle-Income Countries: A Systematic Qualitative Review was published in International Journal of Health Policy Management
• The International Peace Institute published Refining the Global Goal on Adaptation ahead of COP28
• Post-acute care in China was published in The Journal of Post Acute and Log Term care Medicine.
• Global X ETFs Research published AI Applications in Healthcare: From Drug Discovery to Patient Care

Tech & Artificial Intelligence

• Global X ETFs Research published AI Applications in Healthcare: From Drug Discovery to Patient Care
• Accelerating Artificial Intelligence Discussions in ASEAN: Addressing Disparities, Challenges, and Regional Policy Imperative was published by Economic Research Institute for ASEAN and East Asia (ERIA).
• Digital Europe published 20 Solutions To Boost European Tech Leadership And Resilience
• Wilmer Hale published an Assessment of U.S. Executive Order on AI Development and Use.

Mobility, Transportation & Supply Chains

• Institute of the America’s published U.S. INDUSTRIAL POLICY: Impacts On The Geography Of EV/Semiconductor Reshoring And Its Influence On Sub-National Investment & Job Growth
• United Nations Industrial Development Organization published Opportunities for Energy Transition in the in the African Transport Sector
• Lawrence Berkeley National Laboratory published Electric vehicle program designs and strategies to enhance equitable deployment.
• ASEAN Center for Energy published an article on Cross-sectoral analysis on the implication of ASEAN road transport electrification policies on energy security and climate

Infrastructure

• World Economic Forum in collaboration with Deloitte published Governing Smart Cities: Use Cases for Urban Transformation.

Economics & Markets

• OECD published Determining the Price of Minerals: A transfer pricing framework for Lithium
• American Economic Association published Tightening Environmental Standards: The Benefit-Cost or the No-Cost Paradigm?

Sustainability, Climate & Environment

• KPMG published Leveraging ESG Due Diligence To Unlock Value
• OECD and World Economic Forum published Emissions Measurement in Supply Chains:? Business Realities and Challenges
• Contact us for a free consultation to see how we can be of service to you.

Contact us?to learn more about how we can assist you in making your case.

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SECTORS WE TRACK

• MULTILATERAL INSTITUTIONS & DEVELOPMENT
• GEOPOLITICS & POLITICAL RISK
• SUPPLY CHAINS & INDUSTRIAL POLICY
• ECONOMY, FISCAL STIMULUS & SURPLUS SPENDING
• FINANCIAL SERVICES, LABOR & TAXES
• INFRASTRUCTURE & CONSTRUCTION
• ENERGY & ENVIRONMENT
• HEALTHCARE
• TECHNOLOGY
• AEROSPACE & AVIATION
• AUTO & ELECTRIC VEHICLE INDUSTRY

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