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 Bill Ackman's failed ADP campaign to Toyota's home game, here are four charts that tell you what you need to know in business today.

Curve Ball
OPEC is finally starting to acknowledge that shale is going to be a big factor in global oil markets for years to come.
Source: OPEC
Silver Lining
Bill Ackman's attention may make ADP a better company in the long run. But there's no disputing his activist campaign was a poorly thought-out failure.
Source: Bloomberg
Bronze Lining
Goldman had fewer negative trading days than it usually does in the fourth quarter. It also had zero outstanding days.
Source: Company filings
*Average calculated from Q1 2013 through Q2 2017
Home Advantage
Japan only accounts for a quarter of Toyota's vehicle deliveries. But it provides an outsize share of its operating income.
Source: Bloomberg
Note: Fiscal years.

And don't miss Brooke Sutherland on the GE blame game: "This time last year, GE was a $260 billion industrial titan emerging from a major streamlining effort with high hopes of becoming a top 10 software maker. Now, it's a $175 billion cautionary tale of bad management grappling with a draconian drop in earnings expectations. And that's just what we know at this point."

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