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Bloomberg Businessweek

Bloomberg Businessweek 9/11/2017

Each issue of Businessweek features in-depth perspectives on the financial markets, industries, trends, technology and people guiding the economy. Get the digital magazine subscription today and draw upon Businessweek's timely incisive analysis to help you make better decisions about your career, your business, and your personal investments.

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United States
Bloomberg Finance LP
50 Issues

in this issue

6 min
the unmaking of american dreams

For months, Donald Trump seemed genuinely torn over what to do about the Deferred Action for Childhood Arrivals (DACA) program, the Obama-era initiative that shields immigrants from deportation if they were brought to the U.S. illegally as kids. On the campaign trail, Trump vowed to end DACA, but he’s since softened his tone, saying the decision was one of the most difficult he faced and that he would show “great heart” toward the roughly 800,000 so-called Dreamers protected by DACA. “If they pass a straight-up Dream amnesty, they will go into the elections having failed to repeal Obamacare but having passed amnesty ” In June a group of Republican state attorneys general, led by Ken Paxton of Texas, decided to force the president’s hand and threatened to sue if he didn’t end…

2 min
we’re going to need more lithium

Starting about two years ago, fears of a lithium shortage almost tripled prices for the metal, to more than $20,000 a ton, in just 10 months. The cause was a spike in the market for electric vehicles, which were suddenly competing with laptops and smartphones for lithium ion batteries. Demand for the metal won’t slacken anytime soon—on the contrary, electric car production is expected to increase more than thirtyfold by 2030, according to Bloomberg New Energy Finance. Rest assured, Earth has the lithium. The next dozen years will drain less than 1 percent of the reserves in the ground, BNEF says. But battery makers are going to need more mines to support their production, and they’ll have to build them much more quickly than anyone thought. By 2030, Tianqi Lithium, SQM,…

1 min
rockwell collins inc.

BUYER United Technologies Corp. PRICE $23b United Technologies, whose businesses include jet engine maker Pratt & Whitney, has agreed to buy the manufacturer of touchscreen cockpit displays and other avionics. What It Does The deal, one of the biggest in aviation history, will create an aircraft-parts giant that can outfit jetliners and warplanes from nose to tail. That could help United Technologies as it faces pressure for pricing discounts and increased output from big customers such as Boeing Co. and Airbus SE. United Technologies 2Q Sales A Bigger Bet Aerospace is already about half of United Technologies’ sales. But the company has stumbled in the business recently: A line of engines has been dogged by technical glitches, slowing deliveries of some new Airbus planes. United Technologies “becomes a critically important supplier to Boeing and will have a strong…

7 min
how the kims came to love the bomb

North Korea looks pretty scary at the moment, firing off missile after missile, threatening to target Guam, and, on Sept. 3, testing what the regime claims was its first hydrogen bomb. And the country’s dictator, Kim Jong Un—so ruthless he may have had members of his own family murdered—might be just crazy enough to push the button to initiate a catastrophic war. Or maybe not. Look deeper, and you’ll find a North Korea that isn’t as much of an immediate danger to the U.S. as the headlines and rhetoric suggest. That’s because Pyongyang isn’t very likely to use its nukes and missiles against the U.S.— or anyone else. Don’t get me wrong: North Korea still presents a huge security risk to East Asia and the world. Kim’s neighbors include three of the…

6 min
guarding big pharma’s crown jewel

Humira, a treatment for inflammatory diseases such as rheumatoid arthritis and psoriasis made by AbbVie Inc., is the planet’s best-selling drug. It’s also been around almost 15 years. Those two facts alone would normally have rival drugmakers eagerly circling, ready to roll out generic versions that could win a piece of the aging medicine’s $16 billion in annual sales. Yet last year, when the patent on Humira’s main ingredient expired, not a single competitor launched a copycat version. Figuring out how to manufacture it wasn’t the obstacle. The real challenge was the seemingly impregnable fortress of patents AbbVie has methodically constructed around its prized moneymaker. The more than 100 patents AbbVie has secured over Humira’s lifetime make it difficult for another company to replicate the drug without using processes and techniques…

3 min
in brief

Asia ● Cambodia charged the leader of its main opposition party with treason. Kem Sokha faces as many as 30 years in jail as the ruling party tightens its grip before parliamentary elections next year. ● Digital assets such as bitcoin swooned as China banned fundraising through new cryptocurrencies. ● Facebook bid $610 million for the digital rights to the Indian Premier League cricket tournament—and still came up short. Star India, a unit of 21st Century Fox, won by pledging $2.6b for both broadcast and digital rights. • “They’ll eat grass, but they won’t abandon their program unless they feel secure.” ● An international consortium of journalists accused Azerbaijan of using a $3b slush fund to bribe European politicians and buy luxury goods. President Ilham Aliyev’s office issued a statement calling the accusations “totally groundless.” ●…