Access to cheaper drugs in other countries may be limited by a provision sought by the U.S. in a Pacific trade deal, according to patent specialists who reviewed a document exposed by the WikiLeaks anti-secrecy group.
In the 1970s, Switzerland’s watchmakers were almost put out of business when they underestimated the importance of the quartz watch. Though the industry recovered and is prospering, today it faces a new technological challenge from “smartwatches” such as Samsung Electronics Co.’s $299 Galaxy Gear.
Along an Alpine fairway veiled between the private banks of Geneva and the lakefront estates of their jumpy Swiss depositors, Jean-Noel Bioul taps his wrist and offers clients the ultimate in luxury shielding for perilous economic times.
Booming, say the shopkeepers. (Of course, they are the shopkeepers.) To hear them tell it, residents of Washington, D.C., far from hunkering down in the face of austerity, are throwing caution, and their disposable income, to the wind -- at least in the luxury sector.