FT News Briefing G20 nears funding boost for low-income countries, Amazon online pharmacy, FSB report
Nov 18, 2020
Discover how the richest countries are on the verge of boosting IMF funds for low-income nations. Amazon has made waves with its new online pharmacy, shaking up traditional retail models. Unilever sets an ambitious goal to rake in €1 billion from plant-based products within just a few years. Meanwhile, hedge funds face scrutiny for their role in the turbulence of the US Treasury market, raising critical questions about market stability and regulatory challenges.
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G20 SDR Allocation
- The G20 and IMF may soon provide additional SDRs to low-income nations struggling due to the pandemic.
- The US has been hesitant, but a consensus is building to use SDRs to promote structural reform and sustainable borrowing.
Amazon Pharmacy Launch
- Amazon launched an online pharmacy in the US, offering discounts up to 80% for Prime members paying without insurance.
- This caused stock drops for CVS and Walgreens, but Amazon's success isn't guaranteed due to customer loyalty to local pharmacists.
Unilever's Plant-Based Push
- Unilever aims to increase annual plant-based sales to €1B by 2027, up from an expected €200M this year.
- Increased multinational involvement could lower prices and consolidate the plant-based market.