When Qualcomm Inc was handed a record penalty by China’s antitrust regulators in 2015, executives at the US chipmaker could have been forgiven for partying. Although they were on the hook for a $975 million fine, the ruling by the National Development and Reform Commission (NDRC) ended a yearlong investigation into the company and affirmed its technology-licensing business model. Proof ...

It’s not surprising that pharmacies are turning out to be fantastic at distributing Covid-19 vaccines. As Alex Tabarrok and I pointed out in February, they are literally everywhere — 86% of the US population lives within 5 miles of one. And they have significant experience in large-scale vaccine delivery, giving out 40-50 million flu vaccines annually. But the success of ...

Argentina is in a familiar place, buried in debt, unloved in the financial markets and at the mercy of the International Monetary Fund (IMF) — or is it the other way around? When a country owes $45 billion, the balance due on the IMF’s biggest rescue loan ever in 2018, it’s not so much in hock to its creditor as ...