Illumina is expected to break even on Wall Street after activist investor Carl Icahn’s half-victory yesterday: if he failed to topple the gene sequencing giant’s CEO in battle of proxies which culminated yesterday afternoon, he managed to win a seat on the company’s board of directors (while he was hoping for three) and oust its president.
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Loss of speed in European research
European research is losing ground to American and Chinese research. In twenty years, Europe’s share has fallen from 41% to 31% in global R&D. China’s share jumped from 1% to 8%. As for the United States, which supplanted Europe, in 2001 it devoted only 2 billion euros per year more than Europe to R&D, whereas now this gap has reached 25 billion! Some experts accuse the European authorities of not having deployed effective policies. The financing of pharmaceutical research should therefore have been better targeted via the “Horizon 2020” programme. France only comes in eighteenth position in European funding despite the quality of its research. Conversely, the United States concentrates funding on Boston and a few centers of excellence.