Big Pharma is addicted to an illusion

Ingram Pinn illustration, Pfizer
©Ingram Pinn

Paying high prices for proven drugs and taking a hit to the balance sheet does not avoid the bill

Ingram Pinn illustration
©Ingram Pinn

Economies are hard for Isis to destroy

Terrorism has its own logic. It fosters fear far in excess of the danger that it presents

Illustration by Ingram Pinn
©Ingram Pinn

India makes noodles out of Modi’s message

Nestlé did not do very much wrong, and certainly not enough to deserve an abrupt fall in sales

Ingram Pinn illustration
©Ingram Pinn

Do not let the spies weaken encryption

The internet’s biggest privacy problem is not that there is too much security, but too little

Ingram Pinn illustration
©Ingram Pinn

The financial tide has turned for Valeant

As the company has recently found, investors’ perceptions can change fast in this environment

Ingram Pinn illustration

Europe’s banks face a difficult global retreat

The simplest way to increase profits in a shrinking market is to cut costs

Ingram Pinn illustration
©Ingram Pinn

Germany has to show that its energy is clean

Country is on a path to achieving the hard task in renewables while flunking the simple one in coal

JPMorgan trains the world’s bankers

The universal bank does for financial services what General Electric did for manufacturing

Resistance to fast fashion is futile

The US is full of format innovation, yet it missed the most important innovation of the past decade

Ingram Pinn illustration
©Ingram Pinn

Publishers are in peril from annoying ads

Sale of Business Insider shows the challenge facing anyone that relies on digital advertising

Volkswagen’s deception is a warning to everyone

Suddenly, behaviour that was common practice is judged to be improper and possibly illegal

VW emissions scandal is reality’s revenge

Unless carmaker can defend charge of deliberate deception its reputation will be badly damaged

Glencore has a mogul in denial

Glasenberg is having to retrench at the time when he should be able to snap up mining bargains

China should welcome its short sellers

Foreign hedge funds are convenient villains in a financial crisis

Alphabet can create a clever conglomerate

Big companies outperform when they exploit their advantages

‘Gig’ economy spells end to lifetime career

Employees recast as contractors, vendors and temporary workers

Robots can kill but they do not understand us

Despite rapid advances in machine learning, androids remain a distant prospect

The pink paper has embraced the digital maelstrom

Business publications have the advantage that readers will subscribe to financial information

Japan will gain from Toshiba’s humiliation

The slow, bumpy, but inexorable progress in corporate reform offers investors an opportunity

Nintendo wizards put magic in video games

Iwata and Miyamoto expanded the hobby of teenagers into family-oriented fun


John Gapper John Gapper is associate editor and chief business commentator of the Financial Times. He writes a weekly column, appearing on Thursdays on the Comment page, about business trends and strategy. He also contributes leaders and other articles.

He has worked for the FT since 1987, covering labour relations, banking and the media. In 1991-92, he was a Harkness fellow of the Commonwealth Fund of New York, and studied US education and training at the Wharton School of the University of Pennsylvania.

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