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 Uber's Southeast Asia stumbles to dubious industrial deals, here are four charts that tell you what you need to know in business today.

Size Matters
It's time for Volkswagen to get over its empire-building tendencies and start selling off assets such as Ducati.
Source: Bloomberg
Shows ratio of enterprise value to trailing twelve month sales
No Rock Stars Yet
As Tronc's digital efforts fail to bear fruit, it's returning an old standby for growth: going out and buying it.
Source: Bloomberg
Grabbing Hold
An Uber rival claims to be beating it handily in Southeast Asia at a time when the company really can't afford to be losing.
Source: Grab, citing surveys by TNS conducted during June and July 2017
*% of ride-hailing app customers who say they use Grab (or its nearest rival) most often
It's the Climb
United Technologies' purchase of Rockwell Collins may end its dealmaking for now. But it won't end the drama surrounding the company.
Source: Bloomberg
Note: 2017 goal data reflects the midpoint of United Technologies 350 to 400 engine deliveries

And don't miss Tim Culpan's possession by the animal spirits of cryptocurrency: "So what if bitcoin is down 15 percent in the last two days. Ethereum dropped 20 percent in a day, IOTA and NEO are down more than 30 percent in the past 24 hours. Let 'em fall, man. Another 30 percent, another 50 percent. Let it go all the way to the bottom, we'll just buy up more. The lower they go, the more we're gonna buy. Fundamentals don't matter, this is the future. Don't you see?"

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

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Max Nisen in New York at

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Mark Gongloff at