Biotechs Ask Congress for Bailout
In Wednesday's New York Times my friend Andy Pollack reported on the Biotech Industry Organization’s (or BIO's) effort to secure bailout dollars for the biotech community. It’s an interesting proposal but one that will add to the federal budget deficit.BIO proposes to allow development-stage companies (not just biotechs though they’re the focus of this article) who generate significant losses to obtain federal cash for those losses in exchange for the future right to write those losses off against profits. Essentially firms could sell to the government a future on taxes against forward profits. This is an interesting proposal insofar as ...
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here