The biotech industry has been shaken to its financial foundations by a judge's decision that human genes cannot be patented any more. We find out what could happen to the new world of genetic medicine if that decision is upheld. Also, good news on the labor front, and a long sports weekend's in store for college basketball, Major League Baseball and professional golf.
FROM THIS EPISODE
Yesterday, Treasury Secretary Tim Geithner said unemployment would stay at what he called "unacceptable" levels for some time to come. Today, President Obama found some good news in the latest labor statistics. Crediting "measures that were necessary even though they were sometimes unpopular," he called March's increase of 162,000 jobs "the best news we've seen on the job front in more than two years." Andrew Leonard is a staff writer for Salon.com, where he blogs at "How the World Works."
Billions of dollars have been raised for medical research because human genes can be patented so, when breakthroughs occur, investors make money. But early this week New York Federal Judge Robert W. Sweet rocked the bio-tech industry when he ruled that human genes cannot be patented because they are products of nature, not creative invention. The decision is both applauded for liberating the promising new field of personalized genomic medicine and criticized for limiting financial incentives. We hear a variety of answers to some very challenging questions.
Andrew Pollack, New York Times
Mary Claire King, Professor of Medical and Genome Science, University of Washington
Hans Sauer, Deputy General Counsel on Intellectual Property, Biotechnology Industrial Organization
Arthur Caplan, Director, University of Pensylvania's Center for Bioethics
Sports fans will be hitting remote buttons hard for the next few days. The final four play off against each other in college basketball over the next three days. Major League Baseball opens the season on Sunday with the Red Sox going up against the Yankees. But the biggest moment of all might be Tiger Woods -- at a microphone. Veteran sports columnist Ann Killion writes for Sports Illustrated.com and Comcast SportsNet.
Ann Killion, Sports Columnist, Sports Illustrated and Comcast SportsNet