Posts Tagged: market

News

Stem cell agency indirectly boosted by national industry group

A clinical researcher with a multi-pipette arrangement of cancer stem cells. (Photo: Science Photo, via Shutterstock)

One of the nation’s leading regenerative medicine industry groups is touting multi-billion dollar savings that may be achieved with the type of stem cell and gene therapies that are being developed with cash from California’s financially beleaguered stem cell program.

Opinion

Bill restricting drug patent pacts could hurt consumers

An array of products on the shelves of a pharmacy. (Photo: Niloo, via Shutterstock)

OPINION: Headlines continue to scream about the price of prescription medications skyrocketing. But here is some good news about drug costs: the price of generic medicines is falling. Fast. In California, generic prices decreased on average 15 percent per year over the last several years.  California residents spent $24 billion less on generics than on brand prescriptions in 2018. 

Opinion

Leadership must act now on climate change

Solar panels arrayed in the Mojave Desert. (Photo: Andrei Orlov, via Shutterstock)

OPINION: As firefighters from across the West come together to battle wildfires, and legislators meet for their last week of this year’s legislative session, our state’s leadership has before them a real opportunity to take decisive action to help mitigate the climate trends that are weighing on our state today.

News

New privacy law takes center stage

Developer Alastair Mactaggart, center, gets a hug from Sen. Bob Hertzberg, left, while Assemblymember Ed Chau looks on. Chau and Hertzberg pushed Mactaggart's privacy bill through the Legislature. (Photo: AP/Rich Pedroncelli)

The new law gives consumers the right to access their personal information collected by big businesses. It gives them the right to delete it, the right to know what information is being sold and the right to stop businesses from selling their information. It also prohibits businesses from selling the personal information of youth under 16 unless they opt in.

Recent News

A European view of California’s stem cell agency

A pipette and recepticles used in stem cell research. (Photo: CI Photos)

Some folks in Europe are worried about stem cell research, particularly about organizations like California’s $3 billion stem cell agency. The alarm was sounded just yesterday in Horizon, which calls itself  “The EU Research and Innovation Magazine.”

News

All aboard for Mars? Why not?

An image of the SpaceX Falcon 9 rocket over Los Angeles, December 2017. (Photo: Philip Pilosian)

Will you (OK, your grandchildren) someday take a vacation jaunt to Mars? Or maybe move there permanently? You will if California’s 0utside-the-box-thinker Elon Musk and his competitors have their way. Non-passenger commercial space activity is already big business. Musk’s SpaceX company launches satellites into orbit, charging commercial customers $62 million per launch to as much as $20 million more for more complicated tasks, such as resupplying the International Space Station.

News

California’s new marijuana era

Illustration by Tim Foster, Capitol Weekly

At the heart of California’s Emerald Triangle is Humboldt County, a legendary locale in the world of weed, as prized by marijuana aficionados for its cannabis as Napa Valley is for its wine. “Humboldt is the absolute, undisputed leader in cannabis,” said Luke Bruner, a local resident who has advised state and local officials on marijuana issues.

Opinion

ZEV program running out of gas?

The state Capitol, Sacramento. (Photo: David Monniaux)

OPINION: With the clock ticking down to the end of this year’s legislative session, our leaders in Sacramento are debating initiatives that will put more clean cars on the road, boost air quality and innovation, and improve the health of our residents. We must take advantage of this brief window of opportunity to recalibrate the state’s primary mechanism for encouraging electric vehicle adoption – the Zero Emission Vehicle (ZEV) credit system.

Opinion

Low auction result helps legal case for cap-and-trade

A smog-tinged view in black and white of Century City, Beverly Hills and West Los Angeles. (Photo: Trekandshoot, via Shutterstock)

OPINION: When the California Air Resources Board released the results of its May auction of carbon allowances, audible gasps from around the state could be heard from the space station. I kid – but only just a little. The auction results did in fact create a great shock: many had expected at least half a billion dollars to be collected at the quarterly auction, but the auction generated only about ten million dollars. But here’s the truth: The super-low May auction result should actually help the State’s legal defense of cap-and-trade.

News

Private firms eye state-run pension savings plans

A retiree checks out the newspaper in his back yard. (Photo: Budimir Jevtic, Shutterstock)

Calpensions: A board working on a proposal to enroll most small business employees in a state-run retirement savings plan, unless they opt out, was told last week that small technology-focused financial firms could do the job. The founders of three firms that offer 401(k)s and other retirement plans to small businesses did not object to competition from the state.

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