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 unwrapping governance problems at Tootsie Roll to a supply-and-demand lesson for oil bulls, here are four charts that tell you what you need to know in business today.

Candy Crush
Tootsie Roll Industries may be highly valued, but it does not appear to value governance at all.
Source: Bloomberg
Living the Dream
The "price-to-fantasy" gauge of stock prices suggests investors are heavily betting on rapid profit growth.
Source: Bloomberg
The price-to-fantasy ratio compares current stock prices to expected profits for two years into the future. Yearly price-to-fantasy ratios are based on where the ratios stood in the first week of October of each year.
Trickle
Oil bulls hoping that a supply curb boosts prices need to remember what that does to demand.
Source: Energy Information Administration, Bloomberg Gadfly analysis
Note: As of October 13, 2017 and corresponding weekly EIA data-sets for prior years.
Glimmer of Nope
The possibility of a bipartisan ACA fix has helped boost insurer shares, but its chances of passage are slim.
Source: Bloomberg
Percent change from previous day

And don't miss Lionel Laurent on the tricky fallout of MiFID 2: "That so many asset managers have decided simply to absorb research payments themselves, rather than go through new regulatory hoops to keep passing the cost to clients, threatens unintended effects. Belt-tightening asset managers will almost inevitably start shopping around more, creating a price war for research. It's hard to imagine that this won't ensnare U.S. banks, which want to keep the market share in areas like equities brokerage that they've snatched from European rivals."

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 mnisen@bloomberg.net

To contact the editor responsible for this story:
Mark Gongloff at mgongloff1@bloomberg.net