Word: act
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Dates: during 2000-2009
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...analyst Michael King, "parked the tanks on Roche's lawn." Vasella says when he heard that Swiss financier Martin Ebner would be selling his $2.8 billion stake in Roche, he realized the continuing consolidation of the industry might leave a major competitor in his backyard if he didn't act fast. "You don't want to wait to dance until you're stuck with the last girl," he says...
Many pharmaceutical firms have drawn criticism for extending their franchises through frivolous lawsuits blocking equivalent generic drugs that are much less expensive. To allow drug companies to recoup investments and collect healthy returns, the Hatch-Waxman Act of 1984 gives companies 20-year monopolies from the day they patent a product. (After that, revenues from a drug can drop as much as 80% within months as generics erode the market.) The law allows drug firms a 30-month monopoly extension to resolve patent disputes. That loophole is much abused. Companies often sue generic manufacturers just to buy time...
...Heroes of the Environment [Oct. 28]. Ever since environmental issues inspired me in elementary school, I have worried that I might have to fight this war against global deterioration alone. However, I realized there is no need to worry; there are many people who take environment issues seriously and act to make a difference. I am only 18, not yet knowledgable or influential enough to change the world, but with my passion I believe I will grow into a future hero of the environment. Hannah Young Suh, Gyungi, Korea...
...emerged from a Congressional conference committee that promises to expand the flagship Pell Grant program for low-income undergraduates, increasing the maximum grant by $125 to $4,925. That figure was already raised by $260 in the 2007 budget and by $490 in the College Costs Reduction and Access Act passed earlier this year, meaning that if the bill passes the maximum Pell Grant would have risen almost 25 percent since the 110th Congress took office in January...
...Liberals says bad things about the Sandinistas, and the Sandinistas say bad things about the Liberals - it's a crossfire," says Larios, 56, the barbershop's founder and owner. "When they are sitting in chairs next to each other, they hug and act like friends. But as soon as one of them leaves, the other starts to say bad things again...