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Wall Street Journal (May 15)

2020/ 05/ 17 by jd in Global News

“It is always hard anticipating successful drugs, but those wagering on coronavirus treatments face unique challenges. Some of the most innovative and promising approaches are wholly unproven. Companies are competing with foreign nations and not-for-profit organizations determined to achieve their own breakthroughs. Successful drugs or vaccines may run into pricing, manufacturing and distribution difficulties.” Issues like these explain why “big investors aren’t betting it all on a coronavirus cure.”


MIT Technology Review (June 5)

2013/ 06/ 07 by jd in Global News

Of late, companies have been embracing open innovation contests to pull off low-cost breakthroughs. This approach can succeed. “Open competitions can help find an optimal solution to a well-understood problem,” but typically these contests fail to deliver true innovation for a well-known reason. “Real innovation is always the outcome of ongoing discourse among a small group of innovators who truly understand the importance of what they’re working on. No matter where we look, from the American Revolution to the digital revolution, it’s always a small group of obsessed individuals who know and talk to each other that are responsible for big innovations. As John Stuart Mill observed: ‘Persons of genius, it is true, are, and are always likely to be, a small minority.’”


Financial Times (February 8)

2013/ 02/ 07 by jd in Global News

“At last Europe is moving forward.” Or rather might be, for “there is still much that could drive it into reverse.” Several unexpected breakthroughs are the latest cause for hope. “It is encouraging that even though Europe still struggles with questions that will determine its future, leaders have kept talking. As long as they do so there is still hope. And as this week shows, they might find agreement where they least expect it.”