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...California hedge fund ValuAct, which owns 5% of Chiron, has announced that it intends to vote against the deal, calling Novartis' $45 per share offer "tantamount to stealing the company." Vasella, however, believes that Novartis, with its deep pockets and tight quality controls, is ideally positioned to clean up Chiron's mess, expand capacity and exploit its trove of intellectual property. Says Vasella: "When you have 42% ownership, you can't be a passive investor...

Author: /time Magazine | Title: A Shot in the Arm | 1/1/2006 | See Source »

...that photos in the 2005 paper purported to be of different stem-cell cultures were in fact identical, and that DNA fingerprints used to prove that the stem cells were derived from clones seemed suspicious. In retrospect, says Dr. Katrina Kelner, a deputy editor at Science, "these looked too clean" to be legitimate...

Author: /time Magazine | Title: The Rise and Fall of the Cloning King | 1/1/2006 | See Source »

...Latin voters, and it is biting pols to the left as well, especially Brazilian President Luiz Inácio Lula da Silva, whose re-election prospects next October look dimmer with his party mired in a campaign-finance scandal. Latin American political experts say Bush should focus on rewarding clean government rather than raising the ideological temperature. His recent selection of Thomas Shannon as the new Assistant Secretary of State for Western Hemisphere Affairs is widely regarded as a positive step, since Shannon, as a career diplomat, is less polarizing. Even Shannon's staunch anti-left predecessor, Roger Noriega, concedes that...

Author: /time Magazine | Title: Bolivia: To the Left, March! | 1/1/2006 | See Source »

...implications of withdrawing U.S. military forces from Iraq [Dec. 5]: American troops need to stay in Iraq until that country can take care of itself. U.S. foreign policy helped shape today's Middle East. If we don't take responsibility for our past actions and remain to clean up the mess we have made, we'll have to go back into Iraq to hunt down the next wave of terrorists. God grant that we lose no more soldiers. But let's not leave before the job is done. Michael Martinez Houston The planning for the war in Iraq was poor...

Author: /time Magazine | Title: China's Challenge to Italy | 12/31/2005 | See Source »

...hospital, go-even with the increased risk of encountering C. diff there. What's more, truly essential antibiotics should still be prescribed and taken. It's the more casual dosing-for sore throats or mild infections that could clear up on their own-that create the problem. Staying clean and washing up is critical. And for those who do contract the new strain of the disease, the prognosis is nowhere near hopeless. The CDC recommends discontinuing the use of other antibiotics if possible and treating the infection with those antibiotics known as vancomycin or matronidazole. Constant monitoring is important, since...

Author: /time Magazine | Title: Stomach Bug Proves Tough to Kill | 12/30/2005 | See Source »

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