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 freshly squeezed hedge-fund fees to the true meaning of "lower forever," here are four charts that tell you what you need to know in business today.

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Sprint may have managed to post a surprise profit this quarter -- but that doesn't matter if it can't stop hemorrhaging customers.
Source: Bloomberg
A Different Era
Want to know why an expensive nuclear power project collapsed? Take a look at natural gas prices.
Source: Bloomberg
Returning To Earth
"Lower forever" doesn't just refer to oil prices -- it means that companies won't binge on investment even if there looks to be a sustained uptick.
Source: The company
Note: Data for 2017 are for the first half of the year.
Fee Compression
Funds are flowing in for the world's largest publicly traded hedge-fund firm -- but even it is suffering from a fee squeeze.
Source: Company filings

And don't miss Shelly Banjo on a bit too much fun in Macau: "China blessed the casino industry when it gained control of Macau from Portugal in 1999. They were seen as a way to generate money for, and keep happy, residents of the Pearl River Delta, with the added benefit of being a place that mainland Chinese could gamble under Beijing's watchful eye. But Macau also created a problem, in the form of a massive capital flight.

It's a bit like when you were in high school and your parents wanted you to be social and make friends: When they finally allowed you to throw a house party, instead of the nice boys and girls from math class coming over to play board games, the trouble makers showed up carting sex, drugs and alcohol."

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