Word: stephen
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Dates: during 1980-1989
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...pharmaceutical giant, in partnership with Chiron, a small (1985 sales: $6 million) biotech firm in Emeryville, Calif., the product is the first genetically engineered vaccine approved for human use. "We're delighted that FDA has expressed such a positive view about the usefulness of recombinant technology for vaccines," said Stephen Sherwin, the director of clinical research in immunology at South San Francisco-based Genentech, a rival biotech company. "It's another example of the technology yielding real benefits," said Dr. Thomas White, vice president for research at Cetus, another Emeryville company. "The approval is good for the industry...
...deny that the U.S. economy is wheezing at the moment. Industrial production, which grew slowly last year, began to shrink in the second quarter of 1986 (see chart). One main cause of the malaise seems to be companies' reluctance to invest in new plants and equipment. Says Stephen Roach, an economist with the Morgan Stanley investment firm: "Capital spending is in the worst shape for any postwar expansion period." Roach projects that capital investment for all of 1986 will fall by 4.5%, compared with last year. Says he: "Every time such a contraction has taken place, the economy has been...
What they used to hear was a single voice lifting the words from the page, and many novels and short stories are still recorded plain, unadorned by music or echo chambers. But the tape of Stephen King's The Mist is enhanced by what Simon & Schuster calls 3-D sound: voices are accompanied by rustling leaves, slithering tentacles, the flapping of prehistoric winds and the crawling of spiders as they descend on a small New England town. The latest Warner tapes are described by Deutsch as a "new version of old-time radio," complete with scores and sounds. Chaim Potok...
...broaden and bolster their U.S. operations, Japan's big securities houses have hired several of America's top moneymen. Last week Nikko, Japan's second- largest broker, scored a major coup. Stephen Axilrod, the Federal Reserve system's top staff official, said he is retiring to become vice chairman of Nikko's U.S. unit. Nikko is one of four Japanese firms bidding to become primary dealers in Treasury securities, which are bought and sold by the Federal Reserve as a way of controlling the U.S. money supply. But Axilrod stressed that he will do more than simply advise Nikko...
...Peggy Leary, who runs a catering business called Ruffles & Flourishes in Boston's blue-collar Charlestown area, reports that the traditional--and pricey--sit-down dinner is being replaced by a cocktail reception that features "heavy hors d'oeuvres." The prospect of a weighty canape is daunting enough, but Stephen Elmont, head of Boston's Creative Gourmet, likes to talk about "food stations. People are in motion. An introvert who doesn't know anybody can feel comfortably occupied watching a chef. Each food station around the reception room creates an environment. The sushi bar. Or the taco bar. Or fettucini...