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Archive for 3. November 2019

America’s Miracle Medicines

Posted by hkarner - 3. November 2019

Date: 02-11-2019

Source: The Wall Street Journal By The Editorial Board

The biotech cures keep coming, if politicians don’t get in the way.

Another week, another U.S. medical breakthrough.

The latest in the annals of American innovation is a new cystic-fibrosis gene therapy that will help patients with the debilitating disease live comfortably for decades longer. Remember this the next time politicians, on the left or right, complain about greedy drug companies.

Cystic fibrosis is caused by a genetic defect that results in excess mucus production in the lungs, digestive tract and other parts of the body. The disease affects about 30,000 Americans and can lead to respiratory infections and many other complications. Decades ago most sufferers were lucky to live into their 20s. Den Rest des Beitrags lesen »

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Chinese Chess Game

Posted by hkarner - 3. November 2019

The same is true in business, international relations… or even a chess game. Great ideas don’t always work out as expected. Then what?

In last week’s letter, we discussed some serious flaws in the decision to bring China into the world trade system. People across the spectrum mostly see this now; although they differ on what to do about it.

When the US and ultimately the rest of the Western world began to engage China, resulting in China finally being allowed into the World Trade Organization in the early 2000s, no one really expected the outcomes we see today. There is no simple disengagement path, given the scope of economic and legal entanglements. This isn’t a “trade” we can simply walk away from. But it is also one that, if allowed to continue in its current form, could lead to a loss of personal freedom for Western civilization. It really is that much of an existential question. Den Rest des Beitrags lesen »

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European Cloud Project Draws Backlash From U.S. Tech Giants

Posted by hkarner - 3. November 2019

Date: 02-11-2019
Source: The Wall Street Journal

Move toward ‘digital sovereignty’ will restrict data services along national borders in a global economy, Amazon and Microsoft say

Germany and France are introducing a government-backed project to develop European cloud infrastructure in an effort to help local providers compete with U.S. technology giants, which dominate the global cloud market.

Amazon.com Inc. and Microsoft Corp. criticized the initiative announced this week, called Gaia-X, saying the project will restrict data services along national borders.

The reach of Amazon, Microsoft and other U.S. giants worries European politicians and corporate executives. Companies in Germany and France, the continent’s economic powerhouses, and in other European Union countries are concerned about depending on technology providers that must comply with the U.S. Cloud Act, WSJ Pro Cybersecurity reported in October. The 2018 law requires American firms to provide law enforcement with customers’ personal data on request, even when the servers containing the information are abroad. Den Rest des Beitrags lesen »

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Google to Buy Fitbit, Amping Up Wearables Race

Posted by hkarner - 3. November 2019

Date: 02-11-2019
Source: The Wall Street Journal

Deal to acquire maker of wearable fitness products for $2.1 billion extends Google’s reach in consumer electronics

Fitbit’s smartwatches compete with popular offerings from Apple and Samsung.

Google reached a deal to buy wearable fitness products company Fitbit Inc. FIT 15.53% for roughly $2.1 billion, a move that intensifies the battle among technology giants to capture consumers through devices other than smartphones.

For Google, the deal marks a further push into health as it faces regulatory threats to its massive internet-search and advertising business. It also puts Google in renewed and direct competition with Silicon Valley neighbor Apple Inc., which in the past week said rising sales of wearables and related services were becoming a bigger driver of its business. Den Rest des Beitrags lesen »

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