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on 975 of the Dodd Frank Wall Street Reform and Consumer Protection Act. Morgan Staley produces an equity research product called a "Tactical Idea.' Views contained in a 'Tactical Idea' on a particular stock may be contrary to the recommendations a tiers expressed in research on the sane stock. This ma
anda Morgan Staley Mexico, Casa de Boise SA de C.V., at Morgan Stanley Canada United. As used in this disclosure section, "Morgan Staley" includes Morgan Stanley & Co. LLC, Morgan Stanley C.T.V.M. S.A. Morgan Staley Mexico. Casa de Boise SA de CV., Nagai Staley Canada United and their affiliates as necessary. Fa impor
n 975 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Morgan Stanley produces an equity research product called a 'Tactical Idea.' Views contained in a 'Tactical Idea" on a particular stock may be contrary to the recommendations or views expressed in research on the same stock This ma
more complete view of how a company generates earnings. Disclosure Section The information and opinions in Morgan Stanley Research were prepared by Morgan Stanley & Co. LLC. and/or Morgan Stanley MIR S.A.. C M and/or Morgan Stanley Mexico. Casa de Bolsa. S.A. de V.. ' gan Stanley Canada Limited. used in this discl
n 975 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Morgan Stanley produces an equity research product called a 'Tactical Idea.' Views contained in a 'Tactical Idea" on a particular stock may be contrary to the recommendations or views expressed in research on the same stock. This m
more complete view of how a company generates earnings. Disclosure Section The information and opinions in Morgan Stanley Research were prepared by Morgan Stanley & Co. LLC. and/or Morgan Stanley MIR S.A.. and/or Morgan Stanley Mexico. Casa de Boise. S.A. de C.V.. ' gan Stanley Canada Limited. As used in this disclos
Entities connected to both Views and Morgan Stanley & Co. LLC

Jeffrey Epstein
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United States
LOCATION
Prince Andrew
PERSON
Hong Kong
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Bloomberg L.P.
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Morgan Stanley
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Katy Perry
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Frankfurt
LOCATIONLeon Black
PERSONthe Monetary Authority of Singapore
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United Kingdom
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Tokyo
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New York
LOCATIONPT Morgan Stanley Asia
ORGANIZATIONBank Morgan Stanley AG
ORGANIZATIONMorgan Stanley Smith Barney LLC Customers
ORGANIZATIONIndustry Views
ORGANIZATIONGlobal Stock Ratings Distribution
ORGANIZATIONGlobal Research Conflict Management Policy
ORGANIZATIONCompany Data
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