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Democrats face a 2020 choice problem


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On the roster: Democrats face a 2020 choice problem - Beto, Warren call abolish the Electoral College - Report: Deutsche Bank loaned Trump over $2 billion - Keep an eye on Andrew Yang - Better late than never?

DEMOCRATS FACE A 2020 CHOICE PROBLEM
Boston Globe: “With the party’s first national debates less than three months away, and the New Hampshire primary less than 11 months away, the big challenge for … [candidates:] how to stand out in such a crowded pack, without doing anything so bold it could backfire. …  A big field without an obvious front-runner could shake out in any number of ways, but history suggests it will most likely end up following one of two paths. The first is the long, (mostly) collegial search for a consensus candidate. That’s what we saw with the relatively large Democratic field in 1988 (11 candidates, plus a few fringe). In that race, the big names either sat out or flamed out early, and the campaign turned into a slow-moving grind… The 2004 campaign started out in similar fashion… The model for the second possible path is a lot more recent: The Republicans in the 2016 campaign. … After all, what an effective primary campaign does is put the candidates through a punishing stress test that toughens and strengthens them, giving everyone confidence that they have identified the strongest possible contender for the general election. … So this is the tightrope that Democratic contenders will have to walk: They’ll need to be unfiltered and distinctive enough to break out of the pack, but not so candid that they get disqualified by the wrath of summary judgment on social media.”

California’s early primary poised to pull 2020 Democrats further left - Fox News: “Unlike past elections, California will hold its primary early in the season – on March 3, 2020. That means the West Coast state, and its famously liberal voters, will hold extra influence this cycle. And while the 2020 candidates still have to connect with supporters in earliest-voting Iowa and New Hampshire – with their more moderate-leaning electorates – California’s combination of an early primary and massive delegate count could motivate the field to run decisively in the progressive lane from the start. … In another sign of California’s emerging influence this cycle, putative front-runner Sen. Bernie Sanders plans to visit the state this week. … Not only is California’s primary now slated for Super Tuesday in March, but early voting is set to start around the time of the Iowa caucuses. With that in mind, Sanders’ visit this week is likely the start of a political gold rush of sorts, as the 2020 candidates look west for electoral gold.”

THE RULEBOOK: MORE THE MERRIER
“The choice of SEVERAL, to form an intermediate body of electors, will be much less apt to convulse the community with any extraordinary or violent movements, than the choice of ONE who was himself to be the final object of the public wishes.” – Alexander Hamilton, Federalist No. 68

TIME OUT: HOUSTON, WE HAVE A GOOD BOY PROBLEM
Atlantic: “To be clear, NASA’s ambitious plans for missions to the moon and Mars do not include dogs. … But dogs have been to space. In the 1950s and 1960s, the Soviet Union strapped dogs into capsules and launched them into the sky. … But [NASA] suggests that, unlike the Soviet dogs, a canine on Mars would not be a lab animal, but a valued companion on the journey to a distant land. … Designing a spacesuit for a dog wouldn’t be the hard part… NASA has decades’ worth of experience in manufacturing spacesuits, which are like little spacecraft of their own… The problem is the dog’s experience inside that spacesuit, which would circulate the same air over and over. … The enclosed environment of a spacesuit would be stifling. … There’s also the question of the dog relieving itself. Astronauts wear adult diapers during spacewalks; Mars explorers would have to train their canine companions to become comfortable with a similar arrangement.”

Flag on the play? - Email us at HALFTIMEREPORT@FOXNEWS.COM with your tips, comments or questions.

SCOREBOARD
Trump job performance 
Average approval: 
41 percent
Average disapproval: 53.6 percent
Net Score: -12.6 points
Change from one week ago: down 1.8 points 
[Average includes: CNN: 43% approve - 51% disapprove; Gallup: 39% approve - 57% disapprove; Monmouth University: 44% approve - 52% disapprove; Quinnipiac University: 38% approve - 55% disapprove; IBD: 41% approve - 53% disapprove.]

BETO, WARREN CALL ABOLISH THE ELECTORAL COLLEGE
Fox News: “Another 2020 Democrat has come out against the Electoral College. After addressing students at Penn State University on Tuesday afternoon, Beto O’Rourke lamented Hillary Clinton’s failure to take the White House despite winning the popular vote, adding there is ‘a lot of wisdom’ in calls for change. ‘I think there’s a lot to that. Because you had an election in 2016 where the loser got 3 million more votes than the victor,’ O’Rourke said in a video posted online. ... ‘If we really want everyone to vote, to give them every reason to vote, we have to make sure their votes count and go to the candidate of their choosing. So I think there’s a lot of wisdom in that.’ O’Rourke’s support for potentially abolishing the Electoral College came one day after Sen. Elizabeth Warren, D-Mass., pushed a similar proposal. ‘Every vote matters and the way we can make that happen is that we can have national voting, and that means get rid of the Electoral College,’ Warren told an audience at the historically black Jackson State University in Mississippi.”

History shows Dems’ call isn’t all that surprising - WaPo: “Defenders of the electoral college system argue that it mandates visits to states like those above which might otherwise be overlooked. … That debate aside, there’s certainly no reason to be surprised that Warren would call for the electoral college system to be thrown out. There have been four elections since 1860 in which the electoral vote has given the presidency to the candidate who lost the popular vote: 1876, 1888, 2000 and 2016. As Rep. Alexandria Ocasio-Cortez (D-N.Y.) has pointed out, Republicans have won the popular vote only once in her lifetime, but have held the White House for 10 years. In each of those four elections where the popular vote winner lost the electoral vote, the losing candidate was a Democrat.”

Court-packing is another test on the left - The Hill: “Whether or not to expand the Supreme Court is emerging as a key litmus test in the crowded 2020 Democratic presidential primary field. Once dismissed as a fringe idea, reforming the nation’s highest court is gaining traction with a growing number of Democratic 2020 candidates as progressive outside groups and high-profile officials, including former Attorney General Eric Holder, have vaulted the idea into the national spotlight. The courts have emerged as a lightning rod during the Trump administration for the Democratic Party’s resurgent base, which remains deeply bitter over Senate Majority Leader Mitch McConnell’s (R-Ky.) decision to block Merrick Garland, President Obama’s final Supreme Court nominee. Supporters argue that sweeping reforms, including expanding the number of justices, are needed to counteract Trump and McConnell, who they say have 'packed' the judicial system with conservative judges — including two Supreme Court justices and a record number of influential appeals court picks.”

REPORT: DEUTSCHE BANK LOANED TRUMP OVER $2 BILLION
NYT: “Mr. [Donald] Trump and Deutsche Bank were deeply entwined, their symbiotic bond born of necessity and ambition on both sides… Then Mr. Trump won the 2016 election, and the German bank shifted into damage-control mode, bracing for an onslaught of public scrutiny, according to several people involved in the internal response. … More than two years later, Mr. Trump’s financial ties with Deutsche Bank are the subject of investigations by two congressional committees and the New York attorney general. Investigators hope to use Deutsche Bank as a window into Mr. Trump’s personal and business finances. Deutsche Bank officials have quietly argued to regulators, lawmakers and journalists that Mr. Trump was not a priority for the bank or its senior leaders and that the lending was the work of a single, obscure division. But interviews with more than 20 current and former Deutsche Bank executives and board members, most of them with direct knowledge of the Trump relationship, contradict the bank’s narrative.”

FOX TO HOST HOWARD SCHULTZ TOWN HALL
Politico: “He may not yet be a 2020 presidential candidate, but Fox News is already treating former Starbucks CEO Howard Schultz like one, complete with his own town hall event scheduled for next month. Fox News anchors Bret Baier and Martha MacCallum will host the event, which is scheduled for for April 4 in Kansas City, Missouri, the network announced Tuesday. The town hall event will focus on ‘Schultz’s potential candidacy and the issues he plans to tackle,’ Fox News said. Schultz sparked a wave of criticism from the left earlier this year when he announced he would explore a possible run for president as a centrist, independent candidate. In touting his potential bid, Schultz trashed the Democratic Party, of which he was previously a member, criticizing its lurch to the left in recent years. He argued that he could garner the votes of centrist Democratic and Republican voters unhappy with President Donald Trump but uncomfortable with voting for a liberal Democrat.”

Keep an eye on Andrew Yang - FiveThirtyEight: “[Andrew] Yang is the only 2020 candidate thus far to put a universal income front and center, and his campaign says it’s been key to attracting support. But it’s probably not a strong enough issue to propel Yang to victory on its own. A Gallup poll from 2017 found the concept to be divisive — 48 percent supported a universal basic income, while 52 percent opposed it. … That said, if Yang does indeed make the debate stage, he could succeed in making the issue a part of the national conversation. … We’d expect Yang to get a good deal of support from The Left; most Americans think providing a universal income is a socialist position (though it has conservative adherents as well), and Yang has taken progressive views on a host of other issues. But he may not speak the language of The Left: He’s frank in saying ‘I’m a capitalist,’ and his campaign manager, Zach Graumann, says that the campaign doesn’t subscribe to the ‘capitalist/socialist dichotomy.’ Yang’s strongest constituencies might be Millennials and Hispanic and Asian voters.”

Klobuchar lists accomplishments while facing obstacles - NPR: “Minnesotans like Democratic Sen. Amy Klobuchar. … She's hoping that strong support in her home state… But on the way, Klobuchar faces some obstacles: her moderate politics (at least, relative to many of her competitors for the nomination) may turn off some Democratic primary voters, as may some of the reports that she has mistreated her staff. … Her route to ‘universal health care’ doesn't mean putting everyone on a government-administered insurance plan. Rather, she first supports a … bill, which ultimately failed, would have stabilized the Obamacare exchanges. In addition, Klobuchar has said that she wants to allow people to buy into Medicaid via a bill sponsored by Sen. Brian Schatz, D-Hawaii — a ‘public option’ plan. That said, Klobuchar explains that she's not exactly against Medicare for All.”

Booker swipes at candidates for bragging about marijuana use - WaPo: “Sen. Cory Booker (D-N.J.) appeared to take a swipe at two of his fellow 2020 presidential hopefuls during an MSNBC interview Monday night in which he criticized ‘senators bragging about their pot use.’ Booker did not mention anyone by name during the ‘Hardball’ interview with host Chris Matthews. But he suggested that it was inappropriate for lawmakers to make light of the issue when some in society face legal repercussions for similar actions. ‘We have presidential candidates — senators — bragging about their pot use while there are kids who can’t get a job because they have a nonviolent offense,’ Booker said. In a radio interview last month, Sen. Kamala Harris (D-Calif.) … laughingly acknowledged that she has used marijuana in the past… Sen. Bernie Sanders (I-Vt.), another 2020 candidate, has also recently spoken about having used marijuana, although his comments were not as widely reported as Harris’s. … Booker’s remarks in the MSNBC interview come one day after he made a similar statement during a campaign event in Davenport, Iowa.”

Bernie announces top staffers in wake of shakeup - Fox News: “One month after Sen. Bernie Sanders launched his second straight bid for the Democratic presidential nomination, his campaign is announcing major staffing decisions. The independent senator from Vermont on Tuesday formally announced a slate of national staffers. The move comes just four days after Sanders highlighted that his presidential campaign would be the first in history to unionize. And the announcements come three weeks after a major shakeup at the campaign, with several top advisers from Sanders’ 2016 White House bid heading for the exits. … Regardless of the shakeup, Sanders came out of the gate in strong position. He drew large crowds to his first two rallies in New York City and Chicago and along with former Vice President Joe Biden, who’s likely to announce his bid next month, is near the top of the public opinion polls.”

Give this a read: ‘The politics of Beto and Amy O’Rourke’s marriage’ - WaPo: “Then, there’s Amy and Beto. They are at once the most modern and most conventional of the families running for president in 2020. They are pioneers of social media, broadcasting much of their lives in real time; affluent, white and traditional — the political equivalent of ‘The Truman Show.’ They captured the hearts and minds of the left in their 2018 run for the Senate, but now, Beto won’t call himself a progressive. Amy, before putting her career on the back burner for her husband, ran a charter school. … In truth, even though Amy is fully on board, this isn’t the life she would have chosen. She recently finished Michelle Obama’s ‘Becoming.’ Like Michelle, Amy says of being first lady, ‘I wouldn’t put it on the list of things that I’ve ever aspired to.’”

PLAY-BY-PLAY
Trump 2020 looks like another Facebook election - Axios

Nadler ‘encouraged’ by documents provided in Trump obstruction probe - Politico

Pergram: ‘Border wall standoff could lead to another government shutdown this fall’ - Fox News

SupCo rules in favor of Trump’s immigration detention - Reuters

Cornyn prepares for 2020 fight - Fort Worth Star-Telegram

Former House Speaker Paul Ryan joins board of new Fox Corp. - Bloomberg

Trump admin proposes news limits on student loans - AP

AUDIBLE: BUT HAVE YOU TRIED A CHAI TEA LATTE?  
“I broke up with sleep last night and I’m dating coffee this morning. . . I appreciate her warmth and stimulating company.” – A series of old tweets from Sen. Cory Booker, D-N.J., from over the years have resurfaced about his on and off again relationship with sleep.

Share your color commentary: Email us at HALFTIMEREPORT@FOXNEWS.COM and please make sure to include your name and hometown.

BETTER LATE THAN NEVER?
Fox News: “A New Jersey man has finally returned a school library book he checked out 53 years ago. Harry Krame, of Fair Lawn, said he recently discovered ‘The Family Book Of Verse’ by Lewis Gannet while cleaning the basement of his home. ‘When he asked my name I told him I can’t give it to him because I was in the witness protection program,’ Krame, 65, told WCBS-TV. ‘I took it out to read and never brought it back.’ Krame checked out the novel when he was 13 years old in 1966. When he realized he still had the book all these years later, he said he felt guilty for ‘a few seconds. ... It was like, I still have (it), sorry about that.’ Dominick Tarquinio, the vice principal of Memorial Middle School, told the news outlet he was shocked when a former student returned his late book. He said that at today's rate, Krame would owe around $2,000 in late fees. However, he said: ‘We’re not looking to collect.’”

AND NOW, A WORD FROM CHARLES…
“Regarding terrorism, we’ve developed a fairly reasonable balance. But it took time. With Ebola, we don’t have time. Viruses don’t wait. The sooner we reset the balance — the sooner we get serious — the safer we will be.” – Charles Krauthammer (1950-2018) writing for the Washington Post on Oct. 16, 2014.

Brianna McClelland contributed to this report. Want FOX News Halftime Report in your inbox every day? Sign up here.

Source: Fox News Politics

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Kudlow says U.S. could lift some tariffs on China as part of trade deal: Bloomberg

CPAC conference takes place in Maryland
FILE PHOTO: White House economic adviser Larry Kudlow gives a thumbs up after speaking at the Conservative Political Action Conference (CPAC) at National Harbor in Oxon Hill, Maryland, U.S., February 28, 2019. REUTERS/Kevin Lamarque

March 28, 2019

WASHINGTON (Reuters) – White House economic adviser Larry Kudlow said on Thursday the United States could lift some tariffs on China, while leaving others in place as part of an enforcement mechanism on a U.S.-China trade deal, according to a Bloomberg reporter on Twitter.

Kudlow made the comments to the reporter at the U.S. Export-Import Bank annual conference, as China and the United States negotiate a trade deal to ease eight months of tensions between the globe’s two largest economies.

(The story corrects headline to say U.S. could lift tariffs)

(Reporting by Makini Brice; Editing by Doina Chiacu)

Source: OANN

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Broncos CB Harris a no-show at workouts

FILE PHOTO: NFL: Pro Bowl
FILE PHOTO: Jan 27, 2019; Orlando, FL, USA; AFC cornerback Chris Harris Jr. of the Denver Broncos (25) prior to the game against the NFC in the NFL Pro Bowl football game at Camping World Stadium. Mandatory Credit: Steve Mitchell-USA TODAY Sports

April 2, 2019

The Denver Broncos began their offseason workout program Tuesday without Pro Bowl cornerback Chris Harris Jr.

The conditioning program is voluntary, but Harris’ absence is noteworthy because the eight-year veteran has never previously skipped a voluntary workout.

The Broncos exercised their $1 million option on Harris last month and the 29-year-old has one year and $7.8 million remaining on his contract. His no-show most likely indicates he wants to see his contract extended sooner rather than later.

Denver general manager John Elway said at the Scouting Combine that the team would wait until after the draft to consider an extension for Harris.

“That has not been thought about just yet,” Elway told the Denver Post at that time. “We’ll see where things go.”

A four-time Pro Bowl selection and 2016 First Team All-Pro, Harris has appeared in 123 regular-season games (105 starts) since 2011 with 471 tackles, 19 interceptions and four touchdowns. He has also been in nine playoff games, including the Super Bowl 50 victory against Carolina.

Harris tallied 49 tackles, three interceptions, one sack and one TD in 12 games last season. He broke a bone his leg in early December and missed multiple games for the first time in his career.

According to Denver’s 9News.com, Harris’ 2019 salary ranks 29th among NFL cornerbacks. Thirteen corners will make at least $10 million, including former teammate Bradley Roby, now with the Houston Texans, and new teammate Kareem Jackson, who is 31.

–Field Level Media

Source: OANN

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Kremlin says following situation with Calvey’s detention very closely

Baring Vostok founder Calvey attends a court hearing in Moscow
Founder of the Baring Vostok private equity group Michael Calvey, who was detained on suspicion of fraud, reacts inside a defendants' cage as he attends a court hearing in Moscow, Russia February 15, 2019. REUTERS/Tatyana Makeyeva

February 18, 2019

MOSCOW (Reuters) – The Kremlin is following the situation around the detention of Baring Vostok’s head Michael Calvey very closely and hopes it will not affect the Russian investment climate, Kremlin spokesman Dmitry Peskov told reporters on Monday.

He said President Vladimir Putin had met Calvey many times in the past but that his detention was beyond Putin’s remit.

(Reporting by Maria Tsvetkova; Editing by Kirsten Donovan)

Source: OANN

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‘Largest pill seizure in New Jersey’s history’ made by authorities, DA’s office announces

Authorities in New York on Tuesday announced charges against three individuals accused of using the dark web to sell fake Xanax, among other substances, and laundering millions of dollars in cryptocurrency.

Law enforcement started looking into the alleged crime following reported “suspicious activity” taking place at ATMs in New York and New Jersey, Manhattan District Attorney Cyrus R. Vance said in a news release.

The investigation led to the indictment of Chester Anderson, 44, Jarrette Codd, 41, and Ronald Maccarty, 51, in connection to the operation of “storefronts on the dark web that sold and shipped hundreds of thousands of counterfeit Xanax tablets and other controlled substances to buyers in 43 states, and laundering $2.3 million in cryptocurrency by using preloaded debit cards and withdrawing cash at ATMs in Manhattan and New Jersey,” according to the DA’s office.

Law enforcement started looking into the alleged crime following reported “suspicious activity” at ATMs in New York and New Jersey, Manhattan District Attorney Cyrus R. Vance said in a news release.

Law enforcement started looking into the alleged crime following reported “suspicious activity” at ATMs in New York and New Jersey, Manhattan District Attorney Cyrus R. Vance said in a news release. (Manhattan District Attorney’s Office)

HEALTH OFFICIALS WARN AGAINST RAPIDLY TAPERING DOWN OPIOIDS FOR PAIN PATIENTS: ‘IT’S A GAME-CHANGER’

Authorities carried out undercover purchases during the investigation and the case yielded a record pill-seizure in New Jersey after the suspects’ properties and vehicles were searched, the news release said.

Included in the seizure were alprazolam tablets, fentanyl-laced heroin, meth, ketamine and gamma-hydroxybutyric acid (GHB), among other items, officials said.

“When our office received reports of suspicious activity at ATMs in New York and New Jersey, our talented investigators followed the money, using our state-of-the-art Cyber Lab to uncover a dark web counterfeit pill seller whose $2.3 million operation spanned the U.S.,” Vance said. “Not only is this the first time state prosecutors in New York have taken down a dark web storefront, this takedown represents the largest pill seizure in New Jersey’s history.”

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All three suspects were charged in a New York court with conspiracy and money laundering, the news release said. Anderson was also charged with criminal sale of a controlled substance and identity theft, officials said.

“The Middlesex County Prosecutor’s Office is handling the prosecution of the items seized in New Jersey,” according to the news release.

Source: Fox News National

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Michael Avenatti like a ‘Disney villain,’ former federal prosecutor says

As legal troubles mount for high-profile attorney Michael Avenatti, a former federal prosecutor Monday compared him to a "Disney villain" and said Avenatti may have found a fight that's too big, even for him.

Avenatti is accused of embezzling almost $2 million from the former girlfriend of Hassan Whiteside, a center for the NBA's Miami Heat.

Avenatti negotiated a $3 million deal for Alexis Gardner, 27.

MICHAEL AVENATTI ACCUSED OF TRYING TO EXTORT NIKE FOR $25 MILLION

Hassan then wired $2.75 million to a trust account set up by Avenatti in January 2017 according to bank records and an Apr. 10 indictment by a California-based grand jury, the Washington Examiner reported.

Avenatti was to receive $1 million in legal fees but allegedly funneled $2.5 million of the wired payment toward purchasing a private jet.

"Federal prosecutors don't get the papers wrong. If she got $2 million, she will know about it. Easy to trace. These cases are difficult to argue your way out of. He likes to fight. He may have found a fight that's too big for him," former federal prosecutor Alex Little said on "Shepard Smith Reporting."

Shepard Smith asked Little about a possible motivation for committing such a crime.

"This is about greed. Most of these crimes are about greed or addiction.  We don't know anything about whether or not he's got some addiction. But if you don't have that, you kind of point to, this is the guy that wanted to spend a lot of money," Little said.

He also said Avenatti "was trying to bring in money. When there wasn't enough, he cut corners and stole it."

CLICK HERE TO GET THE FOX NEWS APP

Avenatti, the former attorney for adult-film star Stormy Daniels, is facing up to 335 years in prison after he was slapped with three dozen federal charges earlier this month alleging he stole millions of dollars from his clients, failed to pay taxes and lied in bankruptcy cases, among other accusations by a Southern California grand jury.

Last month in New York, Avenatti was arrested for allegedly trying to shake down Nike for up to $25 million.

Fox News' Greg Norman contributed to this report.

Source: Fox News National

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HUD Looks to Crack Down on Illegals Getting Housing Subsidies

The Trump administration wants to crack down on illegal immigrants using government services by strengthening checks around federally subsidized housing.

The Washington Post reported Thursday the Department of Housing and Urban Development will beef up its verification process for people who request housing help.

"We need to make certain our scarce public resources help those who are legally entitled to it," HUD Secretary Ben Carson said, according to the Post. "Given the overwhelming demand for our programs, fairness requires that we devote ourselves to legal residents who have been waiting, some for many years, for access to affordable housing."

Illegal aliens are not eligible to receive subsidies for federal housing programs, but families comprised of both illegal and legal immigrants are eligible — as long as someone with a legal status serves as the head of household.

HUD believes there are roughly 32,000 households illegally taking advantage of federal housing subsidies, the Post reported.

The Trump administration is trying to close loopholes and crack down on illegal immigration, particularly as several caravans from Central America make the long journey from their home countries to the U.S. and ask for asylum.

Source: NewsMax America

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FILE PHOTO: Jet Airways aircraft are seen parked at the Chhatrapati Shivaji Maharaj International Airport in Mumbai
FILE PHOTO: Jet Airways aircraft are seen parked at the Chhatrapati Shivaji Maharaj International Airport in Mumbai, India, April 18, 2019. REUTERS/Francis Mascarenhas/File Photo

April 26, 2019

By Aditi Shah and Abhirup Roy

NEW DELHI/MUMBAI (Reuters) – The grounding of India’s Jet Airways is turning into a quick windfall and long-term opportunity for international airlines keen to scoop up nearly a million outbound passengers from what was once the nation’s biggest airline.

Jet, which previously had a fleet of around 120 largely Boeing Co planes, was forced to indefinitely halt all flight operations on April 17 after its banks rejected the carrier’s plea for emergency funds.

The carrier’s descent into crisis has benefited international airlines in the form of rising fares and demand, data showed.

Fares from India to cities such as Dubai, London, New York, Singapore and Bali in the first quarter of 2019 rose between 4 percent and 32 percent from a year ago, according to Indian travel portal MakeMyTrip Ltd.

In the peak travel months of May and June, fares to London have spiked as much as 36 percent and tickets to San Francisco are up nearly 20 percent from a year ago, according to data from travel portal Yatra.com.

“For the next three months it’s actually bonanza time for international players,” said Ashish Nainan, a research analyst at CARE Ratings. “At least until the middle of June, the fares are not going to come down.”

Due to rising demand, even before Jet’s lessors grounded planes, carriers such as British Airways, Cathay Pacific Airways Ltd, Singapore Airlines Ltd and United Airlines saw an up to a 27 percent increase in passenger numbers from India in the last quarter of 2018, data from India’s aviation regulator showed. That is the latest period for which the data is available.

India is one of the world’s fastest-growing aviation markets, clocking 15-20 percent domestic growth in recent years. It has long had only two full-service long-haul carriers, state-run Air India and Jet.

Jet is now hoping to be bailed out by a new investor, with final bids due on May 10.

INCREASING CAPACITY

Before its grounding, Jet had the biggest share of India’s outbound international air traffic, carrying 12 percent of the 7.8 million passengers headed overseas in the Oct-Dec quarter, down from 14 percent a year earlier, data from the Directorate General of Civil Aviation showed.

For an interactive graphic on Jet’s market share, click https://tmsnrt.rs/2WvDQYi

For an interactive graphic on average daily flights by the airline, click https://tmsnrt.rs/2FeFDel

The total number of passengers traveling overseas with Jet fell 10 percent during the last quarter of 2018 even as the outbound travel market grew about 5 percent.

Meanwhile, Singapore Airlines posted a 27 percent increase in passengers from India, Cathay registered 17 percent growth and British Airways saw a 10 percent rise in the same period.

Cathay said the events at Jet combined with increasing demand for travel had led it to deploy larger aircraft with more seats on some Indian routes.

“In the long term we would certainly like to be able to offer more capacity into India, not just on our existing routes but by establishing new services to secondary cities,” Cathay said in a statement.

Singapore Airlines, in an email to Reuters, said the Indian market is “very promising” but declined to give details of airfare levels or demand patterns in the wake of Jet’s exit, citing a quiet period before the release of its annual results.

DOMESTIC GAINS

Jet’s grounding has also had a big impact on the domestic market, with inter-city air fares to major cities such as New Delhi, Mumbai, Bengaluru and Kolkata soaring more than 20 percent in May and June, according to Yatra.com.

The spike in fares is expected to underpin strong earnings for IndiGo and SpiceJet Ltd, which are set to report results for the quarter ended March 31 in the coming weeks.

“Domestic Indian carriers are the main benefactors, but I suspect if Jet fails to be revived by May 10 then Vistara and other airlines that ply international routes, particularly the lucrative Gulf market, are the main winners,” said Shukor Yusof, the head of aviation consultancy Endau Analytics. Vistara is a joint venture of India’s Tata Sons and Singapore Airlines.

Inadequate bilateral traffic rights between India and other countries, however, could be an impediment to foreign carriers’ hopes of winning business lost by Jet, some analysts said.

“Even before Jet’s operational shutdown, international capacity was significantly constrained,” said Kapil Kaul, CEO for South Asia of consultancy CAPA. “We have now more serious capacity challenge … this is unlikely to be stabilized in the near term.”

A new national government likely to be in place sometime after elections end in May is expected to address the international capacity constraints, and once bilateral agreements are eased airlines including Emirates, Turkish and Qatar would immediately benefit, said Kaul.

“We would love to add more flights but we are at the limit of the allocation granted to us for traffic rights,” Emirates Chief Commercial Officer Thierry Antinori told reporters in Dubai on Wednesday.

(Additional reporting by Alexander Cornwell in Dubai, Jamie Freed in Singapore and Tanvi Mehta in Mumbai; Editing by Muralikumar Anantharaman)

Source: OANN

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FILE PHOTO: The company logo for pharmaceutical company AstraZeneca is displayed on a screen on the floor at the NYSE in New York
FILE PHOTO: The company logo for pharmaceutical company AstraZeneca is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 8, 2019. REUTERS/Brendan McDermid

April 26, 2019

By Pushkala Aripaka and Ankur Banerjee

(Reuters) – AstraZeneca Plc beat first-quarter sales and earnings expectations on Friday as the British drugmaker benefited from a push into cancer drugs and emerging markets including China.

Newer treatments such as lung cancer drug Tagrisso, now the company’s top selling medicine, have helped the drugmaker’s return to growth after years of crumbling sales due to patent losses on older drugs.

Sales in China have shown explosive growth, more than doubling since 2012, but AstraZeneca executives on Friday said that may not be sustained.

“The enormous growth you currently see in China, 28 percent, probably is not sustainable, but we feel very bullish that the growth will continue to be at a pace of between 15 percent and 20 percent,” Ruud Dobber, executive vice president, BioPharma, told Reuters.

Shares of the company were down 0.2 percent at 5,878 pence at 1031 GMT.

The turnaround in AstraZeneca’s fortunes has been powered by a push into cancer treatments led by Chief Executive Pascal Soriot, who saw off a 2014 takeover bid from Pfizer in part by promising annual sales of $45 billion by 2023.

In the first quarter, sales from its oncology unit rose 59 percent to $1.89 billion, accounting for 35 percent of total product sales.

The company has moved deeper into cancer therapy market through wide-ranging deals, including those for immunotherapy and targeted therapy. Last month, it agreed a multi-billion dollar oncology deal with Japan’s Daiichi Sankyo Co Ltd.

Interactive graphic on AZN’s top 10 drugs by sales – https://tmsnrt.rs/2W5XIRX

“We’re reaching that point where after years of having to keep faith, we have actually got something tangible to believe in,” Hargreaves Lansdown analyst Nicholas Hyett said.

AstraZeneca also backed its annual sales and earnings forecast and said it has extensively prepared for UK’s anticipated exit from the European Union, even in the event of a no-deal exit.

The company has already spent more than 40 million pounds ($52 million) on Brexit preparations, including stockpiling six weeks’ worth of drugs in the UK and four weeks in continental Europe to guard against shortages.

AstraZeneca said product sales rose 14 percent at constant currency to $5.47 billion in the quarter, led by its lung cancer drug Tagrisso and respiratory treatment Pulmicort.

Interactive graphic on AZN’s quarterly oncology sales – https://tmsnrt.rs/2W9tbCD

China sales increased by 28 percent to $1.24 billion in the quarter, accounting for nearly a quarter of overall product sales.

Core earnings came in at 89 cents per share in the quarter. Analysts on average were expecting core earnings of 85 cents per share and product sales of $5.29 billion, according to a company provided consensus of 19 analysts.

(Reporting by Pushkala Aripaka and Ankur Banerjee in Bengaluru; Editing by Bernard Orr/Keith Weir)

Source: OANN

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Source: InfoWars

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Source: InfoWars

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It’s the type of crime that doesn’t happen every day.

Police in the suburbs of Philadelphia say three suspects broke into a medical facility in Wynnewood, Pennsylvania, last Saturday and fled with 18 colonoscopies – devices used for examining the health of patients’ colons.

Suspects are seen leaving a medical facility in Wynnewood, Pa., allegedly carrying 18 colonoscopes worth about $450,000. (Lower Merion Police Department)

Suspects are seen leaving a medical facility in Wynnewood, Pa., allegedly carrying 18 colonoscopes worth about $450,000. (Lower Merion Police Department)

AMERICAN SUPERMODEL PAT CLEVELAND ‘STAYING STRONG’ FOLLOWING COLON CANCER DIAGNOSIS

The devices were reportedly worth a total of about $450,000, authorities said.

But police were perplexed about what the suspects might have planned to do with the instruments.

“This is not something that a typical pawn shop might accept,” Lower Merion Police Detective Sergeant Michael Vice told Philadelphia’s WCAU-TV. “My feeling would be that it was some type of black market sales.”

Such a market apparently does exist, Lower Merion Police Superintendent Michael J. McGrath told Philly.com.

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“They appeared to know precisely where to go, and they pried the door open,” McGrath said of the suspects, who were captured on surveillance video leaving the facility, carrying bulging backpacks.

Police are hoping the suspects will be caught in the end.

Source: Fox News National

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