🔔UberLost & the long insulin trade

‌‌Happy Friday!

Been quite the rollercoaster week in markets!

Fair to say that risk is back on today...

The Russell 2000 is up over 2% and Bitcoin is printing new highs above $54,000...

We bring you the Opening Belle in partnership with...

Buy crypto easily with fiat on the world's only Nasdaq-listed platform

🔔 On today's show, we chat about...‌‌

💉 The long insulin trade

‌‌🚕 Uber taxing the p*ss

‌‌‌‌🇨🇳  China running out of people

‌‌‌‌And subscribe on Spotify!

(and follow us on the Stereo App to join us live, every trading day at 12pm GMT)‌‌‌‌

The Long Insulin Trade

As a Type 1 diabetic, this is something David knows plenty about...

Take a look at this chart:

What do you see?

I see the share price of a leading insulin manufacturer tracking the global population.

According to Diabetes UK, more than five million Brits will have diabetes by 2025.

As diabetes becomes more common, insulin demand will surely continue to grow...

Eli Lilly, Novo Nordisk and Sanofi have cornered the supply for now, and control around 90% of the global insulin market...

UberLoss

Uber lost their UK supreme court case today...

The share price held pretty steady on the news...

The court ruled that Uber drivers in the UK qualify as workers rather than contractors, upholding a previous judgement by a lower court...

A genuine win for UK worker's rights - seems they won't be destroyed by Brexit after all...

Uber are still lobbying the European Commission to be exempted from EU labour laws though...

Let's see how that works out 👇

China running out of people

China's demographic concerns are no secret, but latest projections (via The Lancet) see China's population halving by 2100...

China is considering lifting birth restrictions in the Northeast Region, but few can afford to raise a family...

The number of births registered fell by 15% last year.

2019 already saw births at record lows...

China lifted the one-child policy in 2013 and allowed each family to have two children from 2016, but the damage is already done...

It's not just China either - the global population is ageing...

Why should you care?

If you have fewer working aged people, then you have less consumption, less innovation and less productive capacity (the potential output of an economy)...

♻ Want to buy, sell or exchange crypto?