Breakingviews TV: Tech clash

Arch-rival Chinese titans Alibaba and Tencent, worth a combined $900 bln, released financial results on the same day. Robyn Mak and Jeffrey Goldfarb discuss the rare places where they overlap, namely fintech, and their differences, including a valuation gap.

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Breakingviews TV: Tech riches

A wave of companies debuting on U.S. stock markets will mint new millionaires aplenty in the San Francisco area. It’s a place where wealth is needed, but inequality is rife. Gina Chon explains why the tech sector risks doing as much harm as good.

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Breakingviews TV: Apple pack

The souped-up news and entertainment products CEO Tim Cook unveiled on Monday look decent enough, but are hardly must-haves. Nor is its Goldman Sachs-backed credit card. Rob Cyran and Jen Saba bite into Apple’s uninspiring attempt to boost subscription revenue.

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Breakingviews TV: Fed, Trumped?

Donald Trump wants to nominate conservative commentator Stephen Moore to one of two vacant seats on the Federal Reserve’s board. That would politicize the U.S. central bank in a way the U.S. president hasn’t risked before, as Tom Buerkle explains.

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Breakingviews TV: CLSA exits

CLSA’s chief executive has quit just two weeks after its chairman left, sparking speculation of culture clashes between the brokerage and its owner, Citic Securities. Bank mergers are hard. Alec Macfarlane explains why it’s too early to write this one off.

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Breakingviews TV: Biogen fail

The abandonment of Biogen’s Alzheimer’s drug, which cost it $18 billion in market value, follows the failure of similar efforts by others. It’s a potentially huge market, but a tough one to crack. Rob Cyran explains why investors may have been too optimistic.

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Breakingviews TV: Google’s fine

European authorities hit the Alphabet unit with a fresh penalty for abusing its dominance. Yet Rob Cyran points out that nearly $10 bln in collective fines pale beside the company’s $600 bln increase in market worth, which suggests regulators may need bigger sticks.

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Breakingviews TV: Flabby activism

Starboard has produced a 197-page deck to support its opposition to Bristol-Myers’ $74 bln offer for Celgene. Antony Currie and Rob Cyran highlight the presentation’s contradictions and misplaced micromanagement that undermine Starboard’s case.

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Breakingviews TV: Boeing crash

The plane maker’s shares fell on Monday after the second fatal accident involving its new 737 MAX 8 model in six months. Even if the financial hit proves smaller than the market reaction suggests, Boeing’s prospects could still be impaired by the disaster, Ed Cropley explains.

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Breakingviews TV: Ladies first

Gender equality hasn’t improved much in C-suites and boardrooms worldwide since the last International Women’s Day, but Hong Kong’s Hang Seng Bank sets a strong example to follow. Katrina Hamlin and Jeffrey Goldfarb discuss what the $46 bln company gets right, and how.

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Breakingviews TV: Facebook 3.0

Boss Mark Zuckerberg wants to take the social network in a radical new direction focused around private, encrypted communications. That may address concerns over the firm’s data breaches, but as Jen Saba explains, it could undermine its ad-driven business model.

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Breakingviews TV: Carry trades

Traders might complain about low volatility, but conditions are ideal for those who want to borrow cheaply and lend at higher rates. The carry trade has made a comeback, but if it unwinds sharply, it won’t just be speculators who get whacked, Swaha Pattanaik explains.

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Breakingviews TV: IPO glut

Lyft and Uber could between them raise twice as much from their IPOs as all U.S.-listing tech firms did last year. Antony Currie and Robert Cyran explain how, with the likes of Palantir, Slack and Airbnb also mulling going public, there may be more supply than demand.

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