Good day. Whew! What a day yesterday in the markets! There was blood in the streets for sure! Things have calmed down a bit overnight and this morning, but the mark that yesterday left on the risk assets is going to be not only felt, but seen for some time. The talk about a Grexit…Read more…

We sometimes hear about diminishing returns in cancer research and development in the big pharmaceutical companies. They tell us, traditional drug discovery techniques have picked most of the low-hanging fruit in the field. Cancer cells are tricky devils, able to quickly mutate resistance to our best available therapies. Revolutions in our understanding of the genome…Read more…

At first, when I listened to the accounts of old-time deals and devices I used to think that people were more gullible in the 1860s and ’70s than in the 1900s. But I was sure to read in the newspapers that very day or the next something about the latest Ponzi or the bust-up of…Read more…