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at current levels. The fundamental bull case for Health rests on the strong pipeline of new products for
the United Kingdom (UK) to professional clients and eligible counterparties (as each is defined in the rules of the FCA and the PRA) by MLI (UK) and Bank of America Merrill Lynch International Limited, which are authorized by the PRA and regulated by the FCA and the PRA, and is distributed in the UK to retail clients (as defined in the rules of the
Page: HOUSE_OVERSIGHT_014457 →at current levels. The fundamental bull case for Health rests on the strong pipeline of new products for
the United Kingdom (UK) to professional clients and eligible counterparties (as each is defined in the rules of the FCA and the PRA) by MLI (UK) and Bank of America Merrill Lynch International Limited, which are authorized by the PRA and regulated by the FCA and the PRA, and is distributed in the UK to retail clients (as defined in the rules of the
Page: HOUSE_OVERSIGHT_014496 →ncrease penetration of higher margin offerings 48 Health: Not Tremendously Prescriptive 51 Vision 2030 a s
the United Kingdom (UK) to professional clients and eligible counterparties (as each is defined in the rules of the FCA and the PRA) by MLI (UK) and Bank of America Merrill Lynch International Limited, which are authorized by the PRA and regulated by the FCA and the PRA, and is distributed in the UK to retail clients (as defined in the rules of the
Page: HOUSE_OVERSIGHT_016194 →Quantitative Analysis
ervices 1,720 Tax credit for orphan drug research Health 100 Exclusion & deferral of policyholder income e
. Research reports prepared and issued by Merrill Lynch (DIFC) are done so in accordance with the requirements of the DFSA conduct of business rules. Bank of America Merrill Lynch International Limited, Frankfurt Branch (BAMLI Frankfurt) distributes this report in Germany and is regulated by BaFin. This research report has been prepared and issued b
Page: HOUSE_OVERSIGHT_023094 →Entities connected to both Bank of America Merrill Lynch International Limited and HealthCap

Donald Trump
PERSON
Michael Bloomberg
PERSON
Bank of America
ORGANIZATION
United Kingdom
LOCATIONMerchant Bank
ORGANIZATIONThe Financial Service Board
ORGANIZATION
Merrill Lynch
ORGANIZATION
Seoul
LOCATION
Merrill Lynch Global Wealth Management
ORGANIZATIONthe Securities and Futures Bureau
ORGANIZATION
Frankfurt
LOCATIONMerrill Lynch Canada Inc
ORGANIZATIONBaFin
ORGANIZATION
the Financial Services Agency
ORGANIZATIONMerrill Lynch Argentina SA
ORGANIZATIONMerrill Lynch KSA Company
ORGANIZATIONMerrill Lynch International Bank Limited
ORGANIZATIONDSP Merrill Lynch Limited
ORGANIZATIONthe Dubai Financial Services Authority
ORGANIZATIONthe Central Bank of Ireland
ORGANIZATION