There is plenty of blame to go around for the stunning explosion of Wirecard. Until as recently as this year, the payments processing company was considered a German national treasure, the most exciting European technology firm since Nokia’s mid-2000s heyday. Valued in August 2018 at a peak of more than $28 billion, it looked like Wirecard and its executives were going to skate by on clout alone when a series of...
Speaking at a biotechnology conference on June 9 via livestream, Anthony Fauci told the virtually assembled audience that the novel coronavirus pandemic had turned out to be his worst nightmare. Among the few bright spots, America’s best-known immunologist observed, was the pharmaceutical industry’s commitment to developing a vaccine: “The industry is not stupid.” After all, Fauci reasoned, “there’s going to be more than one winner in the vaccine field because...