Last month, Turing Pharmaceuticals caused widespread outrage when it raised the price of the drug Daraprim from $13.50 a pill to $750. Daraprim is a critical life-saving drug that is decades old, but was only available from Turing. The good news is that all the publicity attracted the attention of another drug company, Imprimis Pharmaceuticals. […]
© Chan Lowe I’m sure everyone has heard way too much about Martin Shkreli, the jerk who somehow managed to give hedge fund managers a bad name (make that a worse one than they already had). What was the most terrible thing he did? Was it buying a 62-year-old inexpensive drug and increasing its price […]
© Tom Tomorrow Shhhh! Don’t tell anyone. But the value of everything – stocks, your home, even the value of money – is completely arbitrary. How much anything is worth is based on what someone is willing to pay for it, which is controlled almost completely by emotions like fear and hope. It isn’t rational […]
Another chapter in the ongoing saga of Tesla Motors. Telsa sells sophisticated electric cars, and like other manufacturers of electronics, they want to sell their products directly to consumers. After all, nobody objects to the stores owned by Apple, or Sony, or Microsoft (or AT&T, Verizon, Sprint, etc.) selling their products directly to consumers. Tesla’s […]
© Tom Tomorrow I think the problem is exactly what Tom Tomorrow points out in the first panel. The “invisible” hand of the free market should be invisible. Instead we see armies of lobbyists, tax break after tax break, an obscenely tilted playing field, investors throwing their excess money at bubble after bubble, rampant insider […]
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