The Equitable Economy

How Does Venture Capital Shape Biotech Innovation?

In new research, Xuelin Li, Sijie Wang, Jiajie Xu, and Xiang Zheng find that the involvement of specialized venture capital firms influences a biotech startup’s drug portfolio by focusing research and development on fewer products.

Can OpenAI Abandon Its Non-Profit “Purpose”?

Rose Chan Loui explains the current controversy surrounding OpenAI’s decision to abandon its nonprofit status. To learn more about OpenAI’s proposed restructuring, what it means for the race to develop artificial general intelligence, and how it highlights the tricky legal concept of a nonprofit’s “purpose,” listen to Chan Loui’s recent appearance on Capitalisn’t.

What Is the Furor Behind Delaware SB 21?

Lawrence A. Cunningham reviews the arguments over Delaware’s recently signed Senate Bill 21, which changes corporate governance law in the state in favor of corporate management, and discusses what developments may come next.

Now Is the Time To Correct Residency Match and (Especially) Other Competition Issues in the Physician Market

Barak Richman writes that the recently announced investigation of the House Judiciary subcommittee for antitrust into the residency match antitrust exemption presents an opportunity...

The Promise of Charity-Owned Businesses

A future of business may be businesses owned by charities; they have a history of commercial success and social good. The following is an...

The FTC’s Continued Focus on Labor Will Fail Without a Whole-of-Government Approach

The Federal Trade Commission under Chair Andrew Ferguson has surprised many by continuing its predecessor’s emphasis on protecting labor markets. Randy Kim writes that while this is a welcome development, it will do little to help workers if President Donald Trump does not also continue his predecessor’s whole-of-government approach. Early indications suggest he will not.

Why Rising Markups Hurt Innovation and Widen Inequality

Over the past four decades, the United States has seen rising market power, slowing productivity growth, and deepening wealth inequality. In new research, Giammario...

Donald Trump’s Authoritarian Playbook Is Based on Failures of US Corporate Democracy, not Foreign Dictators

Sarah Haan writes that to understand American authoritarianism, it’s less useful to analyze the strategies of elected dictators around the globe than to look at how corporate leaders in the United States have rigged corporate democracy.

ESG Investing Pushes Firms To Evolve Corporate Governance

In new research, Jitendra Aswani and Roberto Rigobon find that investments raised on sustainable bond markets force firms to make material changes to corporate...

Getting America Unstuck

The following is an excerpt from Yoni Appelbaum’s new book, “STUCK: How the Privileged and the Propertied Broke the Engine of American Opportunity,” now out...

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