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  1. Business
3 May 2012

Other people’s business, Thursday 3 May

India, cricket, and unnecessary heart surgery.

By New Statesman

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)

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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.