Over 60 Leading Finance Economists Ask SEC to Revise the Shareholder Voting Draft Reform

The new regulation that Security and Exchange Commissioners voted in November doesn’t fix proxy advisory industry duopoly problems, but it actually makes them worse: A group of scholars from major American universities filed a comment to ask the SEC to amend the proposed reform of public companies corporate governance.    

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Purdue Circumvented the Regulator to Promote OxyContin, Hiding Its Real Risk of Addiction

In 2001, the Food and Drug Administration required Purdue to change OxyContin’s patient package inserts to make addiction risks more evident. The company altered the label to make it appear as though illegal use and abuse were the only addiction-related problems associated with OxyContin. Eventually, Purdue hired the FDA’s medical reviewer for OxyContin. 

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OxyContin’s Academic Marketing: The Studies That Fueled the Opioid Crisis

Purdue Pharmaceuticals used to cite three major studies to argue that in prescribing OxyContin, addiction-risk was not significant. The most influential of those studies did not even mention OxyContin, because it was completed twenty-five years before OxyContin was sold. After more than a decade, the company had to admit that “data are not available to establish the true incidence of addiction.”

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The Uber Bubble: Why Is a Company That Lost $20 Billion Claimed to Be Successful?

In the first of three interrelated articles, transportation consultant Hubert Horan discusses Uber’s “uncompetitive economics.” There is no real innovation in the company’s business model, he argues. Its market share is the product of predatory pricing and gigantic subsidies, not of higher productivity.

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Why a New Digital Authority Is Necessary

A recent Washington Post op-ed claimed that creating a digital authority to regulate Big Tech would be a disaster because of high costs and the risk of being captured by regulated companies. Fiona Scott Morton and Luigi Zingales defend the agency proposed by the Stigler Center’s report on digital platforms.   

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