Word: biotechs
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Dates: during 2000-2009
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...Huxley. It certainly doesn't sit well with antiabortion activists--or, in many cases, with lawmakers. In 1996 Congress banned human-embryo research by federally supported scientists, forcing researchers like Pedersen to seek private funding (most of which has been provided by Geron, a Menlo Park, Calif., biotech company...
...despite predictions that the first human trials could begin in the next couple of years. Just don't expect to hear a lot about what's going on behind closed lab doors, if the current congressional ban continues and stem-cell research remains almost entirely in the hands of biotech companies. "That's actually the worst-case scenario because now the public has no input," says Larry Goldstein, a cell biologist at University of California at San Diego. "Companies have to be motivated by profit, so they aren't necessarily going to tell us what they're doing...
...part, Nader's not worried about handing the election to Bush. He's down on Gore: "He's plastic man. He used to be the man you went to on civil justice and biotech. Now he's just corporate power." Even though he's in competition with Buchanan, Nader says the racist rap against his opponent is unfair. Indeed, the icon of liberalism vows to reach out to conservatives. A Lebanese-American from small-town Connecticut, he rails like a Puritan. Childhood, he says, is being "corporatized by video games, junk food, undermining parental authority...Bill Bennett stuff...
Pity the beleaguered U.S. Patent and Trademark Office. Even before last week's announcement by Celera, applications for patents on human genes were pouring in by the thousands. Biotech firms are seeking rights to genes that might control everything from the neurotransmitters in your brain to susceptibility to chronic diseases. The frenzy is rekindling fears that a few corporations will end up controlling a priceless resource...
...large part on expectations. The emergence of a new leader or leading sector reveals not necessarily which companies have been more profitable--even today General Motors makes more money than Microsoft--but which are likely to have gaudy earnings in the future. That's why technology, Internet and biotech stocks--the new economy--have been soaring the past few months. But that's also why last week, when investors felt that expectations had got out of hand in the face of higher interest rates, the new-economy stocks sold off heavily, Cisco among them...