"Back in 2012, Congress reformed intellectual property law to protect tech companies from patent holders that don't seek to make or sell anything, preferring to pursue a strategy of stockpiling patents and suing productive manufacturers for alleged violations. Often trolls seek monetary settlements—a form of perfectly legal extortion—in exchange for dropping patent challenges and returning to their troll lodge."
"Egged on by Silicon Valley, lawmakers in Congress "fixed" the problem by creating a streamlined procedure by which tech companies could preemptively knock out questionable patents and thereby defuse the entire troll gambit. As so often happens, however, the 2012 reform had unintended consequences. Hedge funds began using the accelerated challenge procedure, known as inter partes review, to attack pharmaceutical patents while shorting manufacturers' stock—a way of betting that shares will decline."
From http://ow.ly/RmcOx :
Why This Small Victory Against Short Sellers Might Be a Big Deal for Biotech Companies
A 2012 reform meant to block patent trolls has opened drug makers to attacks by hedge funds
From panic to judgment day, investors struggle to describe rout
Investors, strategists and asset managers across the world struggled for words to describe the selloff
"Earlier, U.S. index futures had signalled losses will cascade in the world’s biggest stock market as contracts on the major equity indexes hit their daily loss limits of 5 per cent."
"In a broad selloff spanning all industries, stocks including Apple Inc. and Netflix Inc. slid at least 6 per cent, while slumps in Gilead Sciences Inc. and Biogen Inc. indicated a selloff in biotechnology shares won’t abate. ConocoPhillips and Chevron Corp. lost more than 8.4 per cent as crude fell further."
At the open: TSX, Dow bloodied as global selloff intensifies
Dow plunges as much as 1,000 points, TSX more than 600
Alberta and Norway: Two oil powers, worlds apart
Decades ago, the governments of Norway and Alberta had similar long-term visions for turning vast resource riches into public prosperity. Now, a global plunge in oil prices has revealed stark differences in their paths – and the size of their rainy-day funds. How Norway’s trillion-dollar juggernaut has left Alberta in its dust
From http://ow.ly/QwtLo :
Surgeons practice on 3D-printed models for kids’ operations
Doctors at Boston Children’s Hospital used 3D-printed copies of four patients’ blood vessels to practice for their surgeries.