Other people's business, Thursday 3 May

India, cricket, and unnecessary heart surgery.

1. Pharma needs an injection of financial engineering (Financial Times)

“You’re going to need a bigger boat,” says the police chief played by Roy Scheider in the film Jaws, when he first catches sight of the shark. Faced with cancer, diabetes and Alzheimer’s, we need a bigger investment vehicle, writes John Gapper.

2. Nerds may get revenge on Woodstock of Capitalism (Reuters)

This year’s Woodstock of Capitalism could turn into the revenge of the nerds, writes Agnes Crane.

3. Not cricket (Schumpeter)

How could India possibly fall in love with a different sport? Some enterprising souls think it will, writes Schumpeter.

4. Study: More heart surgery centers mean more unnecessary heart surgery (Washington Post)

There is an "irresistible temptation" on the part of cardiologists to expand narrowed arteries, despite evidence suggesting that they shouldn’t, writes Sarah Kliff.

5. Let News Corp keep BSkyB (Reuters)

News Corporation should be allowed to keep its 39 percent stake in UK pay-TV group BSkyB, writes Chris Hughes.

Photograph: Getty Images
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Tory Brexiter Daniel Hannan: Leave campaign never promised "radical decline" in immigration

The voters might not agree...

BBC Newsnight on Twitter

It was the Leave campaign's pledge to reduce EU immigration that won it the referendum. But Daniel Hannan struck a rather different tone on last night's Newsnight. "It means free movement of labour," the Conservative MEP said of the post-Brexit model he envisaged. An exasperated Evan Davis replied: “I’m sorry we’ve just been through three months of agony on the issue of immigration. The public have been led to believe that what they have voted for is an end to free movement." 

Hannan protested that EU migrants would lose "legal entitlements to live in other countries, to vote in other countries and to claim welfare and to have the same university tuition". But Davis wasn't backing down. "Why didn't you say this in the campaign? Why didn't you say in the campaign that you were wanting a scheme where we have free movement of labour? Come on, that's completely at odds with what the public think they have just voted for." 

Hannan concluded: "We never said there was going to be some radical decline ... we want a measure of control". Your Mole suspects many voters assumed otherwise. If immigration is barely changed, Hannan and others will soon be burned by the very fires they stoked. 

I'm a mole, innit.