Word: majors
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...Abbott, for example, irked by tribal claims, denies that a poison-dart frog had anything to do with its new pain-killer (which is in clinical trials) other than inspiring the company to take a closer look at a similar group of synthetic compounds. Says a spokeswoman for another major U.S. firm: "We've started scaling back. We just don't think you can define 'traditional knowledge' in that kind of legalistic way." Others fear that, given the notorious corruption of many Third World governments, any royalties that drug companies pay to struggling indigenous peoples might end up in officials...
...owns 57% of SIA's stock (some 20% is held by money managers). And while by no accounts does it dictate the airline's strategy, the government aids SIA in many ways. Tax breaks on the carrier's aircraft help SIA maintain one of the youngest fleets of any major airline. The government helpfully paid the multibillion-dollar construction cost of Singapore's impressive Changi Airport, the airline's hub since 1981 and one of the best airports in the world...
More than 60 people in need of heart transplants or major surgery have been treated using the new procedure. That's a small number, but the results are nonetheless stunning: all of them improved. That's why TheraVitae, the privately owned company set up by Fulga and his Thailand-based partner Robert Clark, is being hailed as a potential giant...
...live in snow-prone areas, people in the Midwest shouldn't live in tornado-prone areas, and people in the Southeast shouldn't live in hurricane-prone areas. Storms in other parts of the U.S. cause far more deaths, injuries and economic losses every year than the relatively infrequent major fires in California do. Perhaps you can suggest a spot on the planet where we can all live free of risk. Joseph Leaser, OCEANSIDE, CALIF...
...prices of a host of commodities - a classic hedge against currency instability. This includes the spike in oil, which has been further boosted by soaring demand, political turmoil in the Middle East and rampant speculation by trend-following investors. "Four times in the last 40 years we've had major disruptions in global oil supplies coming from geopolitical events in the Middle East," says Lewis Alexander, chief economist at Citi. "If you were to see one of those scenarios play out, that would be a big additional shock. The consequences could be quite dire." True enough...