Though it has knowhow and wealth, the U.K. has never had much success creating biotechnology startups to rival such U.S. triumphs as Genentech Inc. and Amgen Inc. One explanation for this difference can be summed up in two words: Ronald Reagan.
Theresa May has what former Prime Minister Tony Blair described as the toughest job in the British government. And it just got harder.
Rupert Murdoch told U.K. lawmakers probing phone hacking by a News Corp. tabloid in July that testifying about the scandal was the “most humble day” of his life. He may be humbled again this week.
The phone hacking scandal in the U.K. hasn’t muzzled Rupert Murdoch in his native Australia, where his newspaper empire is doing more than any other to undermine Prime Minister Julia Gillard.