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 Meituan's monster fundraising to Spanish crisis management, here are four charts that tell you what you need to know in business today.

Unmistakable
Fidelity's fee tweak is unlikely to dissuade investors from flocking to cheaper options.
Source: Broadridge
Unicorn Leapfrog
Meituan Dianping's enormous funding round helped it pass Airbnb on the startup-valuation league table.
Source: CB Insights
Hope and Fear
Apple investors have been laser-focused on the late debut of the iPhone X. But the company needs the less-flashy iPhone 8 to be a hit as well.
Source: Bloomberg
Crisis Perspective
The relative calm of Spanish yields shows how far Europe has come in its ability to manage bond-market woes.
Source: Bloomberg

And don't miss Liam Denning on Rick Perry's inadvertent M&A impact: "The intellectual rigor underpinning Energy Secretary Rick Perry's proposed subsidy for coal-fired and nuclear power plants was captured best in the response given last week by the 'Dancing With The Stars' alumnus to a congressman's question about the plan's projected cost:

What’s the cost of freedom? What does it cost to build a system to keep America free?

When it comes to M&A, though, intellectual rigor is only part of the equation; tactics and plain old second-guessing are equally important."

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