Enterprise value equals market capitalization plus total debt.
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Hello and welcome to The Intelligence from The Economist.
I'm Jason Palmer.
And I'm Rosie Bloor.
Every weekday we provide a fresh perspective on the events shaping your world.
In the books about long ago pirates, on the high seas, anything goes.
Turns out it's the same story for fishermen today.
There just hasn't been a workable international treaty to protect the high seas and their fishy bounty.
Until now.
And just in case your New Year diet involves drugs too, you'd better listen to this one.
The rise of weight loss medicines has led some fancy restaurants to offer tiny meals at fancy prices.
Sounds like an unhappy meal to me.
But first...
Japan's Prime Minister Takaiichi Sanai is taking a gamble.
Yesterday, less than 100 days into her term, she called a snap election.