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ax base. That phenomenon escalated this year with the European Commission’s latest state aid decision, which was seen as demo
ion and agenda 8 Lame-duck session 2016 11 Tax 13 Health 17 Energy 19 Financial services 21 EY 1 | Electi
Investment Strategy
asset class also received a boost last week when the European Commission submitted a proposal for AT1 coupons to be priori
at current levels. The fundamental bull case for Health rests on the strong pipeline of new products for
at current levels. The fundamental bull case for Health rests on the strong pipeline of new products for
ck-up in EU Consumer Confidence should boost Media 0.9 0 0.85 r 0.95 09 °8 -10 0.75 0.85 15 07 08 === Stoxx Media Price relative -20 0.65 0.75 ———European Commission Consumer _5¢ 0.6 Confidence Index 0.7 emmee Stoxx Media-relative to Tech 0.55 -30 0.65 a NS © RS ee ee et ee He Hote Hoe HESOE FPS GF WT SF CF CE
Page: HOUSE_OVERSIGHT_014492 →ion Agence France Presse (AFP) Kaiser Foundation Health Plan Inc. Ecovative Design LLC Sberbank Saudi Ba
Chair of the Board of Directors Chief Executive Officer Founder and Chief Executive Officer Chairman Vice-President and Commissioner, Competition, European Commission, Brussels Chair and President Chairman Executive Chairman Chairman and Chief Executive Officer Chairman Chief Executive Officer Director-Genera
Page: HOUSE_OVERSIGHT_017061 →Entities connected to both the European Commission and HealthCap

Donald Trump
PERSON
Jeffrey Epstein
PERSON
United States
LOCATION
Barack Obama
PERSON
Michael Bloomberg
PERSON
United Kingdom
LOCATION
Marc Rich
PERSON
Paul Ryan
PERSON
Middle East
LOCATION
Seoul
LOCATION
George W. Bush
PERSONthe Prudential Regulation Authority
ORGANIZATION
Bill Clinton
PERSON
Goldman Sachs
ORGANIZATION
Chile
LOCATION
Frankfurt
LOCATIONthe Dubai Financial Services Authority
ORGANIZATIONEntergy
ORGANIZATION
Bank of America
ORGANIZATION
Harry Reid
PERSON