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 the skeptical pound sterling to FANG optimism, here are four charts that tell you what you need to know in business today. 

Footing the Bill
Apple -- and other tech giants -- are spending or are set to spend a whole bunch of money that could mash down their profit margins.
Source: Bloomberg
Note: The quarters shown here reflect Apple's fiscal year, which ends each September.
Player Power
It's easy to call Neymar greedy -- but the wage bill as a percent of revenue at Europe's biggest soccer leagues has actually held steady in recent years.
Source: Deloitte Annual Review of Football Finance
Excludes transfer fees, includes wages and benefits for all employees at clubs
Few Betting Against FANG
Netflix seems to be the only FANG stock investors are interested in betting against in any significant number.
Source: Bloomberg
Short interest is the volume of shares sold short as a percent of equity float.
Growth to Slow in Near Term
The Bank of England's shaky forecasting means the pound isn't buying its interest rate guidance either.
Source: Office for National Statistics, Bank of England

And don't miss Marcus Ashworth on Iraq's bond market foray: "So what's the appeal? Iraq does have the benefit of being able to export oil again. Holders of the 2028 bond comprise all the major emerging market investors, and it is likely they have queued up to take part in this new deal. An issue of this size will enter the emerging market bond indexes, and with an order book so strong it is likely to perform well. It becomes a self-fulfilling must-buy if investors are not to underperform their peers. 

But that should not be an investment principle."

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