Max Nisen is a Bloomberg Gadfly columnist covering biotech, pharma and health care. He previously wrote about management and corporate strategy for Quartz and Business Insider.

Good morning! This is Fly Charts, the daily charts-only newsletter from Gadfly; sign up here. From a Snapchat about-face to the rise of electric vehicles, here are four charts that tell you what you need to know in business today.

Spooky Stock
Snapchat investors have gotten over their initial excitement and are beginning to focus on the firm's warts instead of its potential.
Sources: Snapchat securities filings and Bloomberg
Note: Fair value in July 2016 was Snapchat's assessment to price employee stock awards.
Recovery Mode
A recovering American Airlines -- which just forecast a 2nd quarter bounce in revenue per seat mile -- may be an attractive investment. But Qatar Air is botching its approach.
Source: Bloomberg
Debt Deterioration
Junk debt? More, please! Assurance that investors can recover money if a company fails? Who needs it?
Source: Moody's High Yield Covenant Database
Peripheral Vision
A new report predicts electric vehicles will account for all global vehicle sales growth within a decade. And belief may be enough to make it happen.
Source: Bloomberg New Energy Finance
Note: Electric vehicles include battery and plug-in hybrid models.

And don't miss Andrea Felsted on a canny deal from a controversial executive: "Fresh from a court case last week that heard lurid allegations over his behavior, including vomiting in fireplaces, his majority-owned Sports Direct International Plc has acquired a 26 percent stake in Game Digital Plc. While Ashley's alcohol-infused shenanigans might be unpredictable, Sports Direct's latest stake building is surprisingly true to form."

This column does not necessarily reflect the opinion of Bloomberg LP and its owners.

To contact the author of this story:
Max Nisen in New York at

To contact the editor responsible for this story:
Mark Gongloff at