Theresa May has what former Prime Minister Tony Blair described as the toughest job in the British government. And it just got harder.
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.
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.
Zhang Xin is betting hundreds of millions of dollars that the warnings of a housing crash are wrong. The former sweatshop worker has a track record of being right.